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The Thomson Reuters Institute’s Legal coverage focuses on the business of law, including critical issues of great importance to lawyers, whether within law firms, corporate law departments, or solo practices.

2026 Report on the State of the US Legal Market

This year's report finds law firms celebrating record profits while standing on increasingly unstable ground as warning signs suggest that the very forces driving today's success may be setting the stage for tomorrow's correction

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Law Firm Rates in 2026

Despite previous record increases, law firms continue to raise their rates at a historic clip; but, amid fundamental questions about what’s driving rates higher, a new report shows that long-held beliefs about what constitutes better rate performance may be incorrect — and coming exactly at the wrong time

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Legal data & metrics

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Q4 2025 LFFI: Law firms sail to strong finish amid shifting winds - Thomson Reuters Institute

Law firms closed 2025 with their sails full and coffers flushed, but a concerning shift in the wind could mean there's choppier waters ahead.
5 min

State of the US Legal Market 2026 analysis: How law firms can turn value into pricing power - Thomson Reuters Institute

Law firms can no longer rely on reputation alone, sustainable pricing power now requires demonstrating clear, measurable value to clients.
6 min

State of the US Legal Market 2026 analysis: Will the AI bubble burst? A crucial warning for law firms - Thomson Reuters Institute

The AI boom promises transformative gains for many law firms; however, worries over whether the AI bubble will burst persist among law firms.
7 min

Legal practice management

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Inside the Shift: You can’t be everything anymore — and for law firms, that’s the point - Thomson Reuters Institute

In our new feature segment, "Inside the Shift", we will dive deep into some of the most compelling stories in the professional services area.
5 min

Harnessing GenAI: Why law firms need multi-disciplinary teams - Thomson Reuters Institute

In a shifting legal industry, multi-disciplinary teams that combine legal, technological, and business expertise are essential for law firms.
7 min

The prosperity paradox: Record rate growth may mask vulnerabilities in law firms - Thomson Reuters Institute

While law firm rates are rising at record levels, the strong momentum also may be creating some hidden vulnerabilities, like growing expenses.
5 min

Legal marketplace

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2026 Australia: Midyear Legal Market Update — Shifting growth and strategy - Thomson Reuters Institute

Australian law firms remain on solid ground at midyear, but a closer look reveals diverging strategies & signs of a structural market change.
5 min

How AI-powered access to justice is impacting unauthorized practice of law regulations - Thomson Reuters Institute

AI legal tools advance quickly, unclear rules about what constitutes unauthorized practice of law leaves courts without a workable framework.
6 min

Chief Marketing & Business Development Officer Forum 2026: Mapping the tides of change in the legal market - Thomson Reuters Institute

As law firms face significant challenges from evolving client expectations, they need to beginning having deeper conversations with clients.
7 min

Legal talent

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Inside the Shift: What happens in the professional workplace when AI does too much? - Thomson Reuters Institute

In our latest "Inside the Shift" feature article, we examine how unchecked use of AI in the workplace can erode human connection & skills.
5 min

The 4 Plates: Why GCs need stakeholder intelligence to be effective in the AI era- Thomson Reuters Institute

Legal teams need to measure and understand stakeholder needs, ensuring that they can deliver effective vital advice and value in the AI era.
7 min

Chief Marketing & Business Development Officer Forum 2026: Law firms need to play the long game on talent - Thomson Reuters Institute

Firms need to rethink talent as a strategic priority, says a recent panel, and focus on emotional intelligence, culture & lateral integration.
7 min

Legal technology

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Inside the Shift: Why your agentic AI pilot probably will fail (and what that says about you) - Thomson Reuters Institute

In our new feature segment, "Inside the Shift", we discuss why agentic AI pilot programs might fail and how your organization can avoid that.
5 min

Chief Marketing & Business Development Officer Forum 2026: The most important aspect of AI may be talking to your clients about it - Thomson Reuters Institute

AI has become a critical business development tool for law firms because it helps lawyers prepare better & more relevant client conversations
6 min

Architecting the data core: How to align governance, analytics & AI without slowing the business - Thomson Reuters Institute

Enterprises still struggle to align governance, analytics & AI — that’s because what they really need is a structural reset of the data core.
7 min

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