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The Thomson Reuters Instituteโs 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
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 whatโs driving rates higher, a new report shows that long-held beliefs about what constitutes better rate performance may be incorrect โ and coming exactly at the wrong time