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Thomson Reuters confirms Law Firms Thrive as Demand and Worked Rates Increase
Thomson Reuters, a global content and technology company, issued a new report today showing a prosperous second quarter for law firms with demand and worked rates up 1.6% and 7.4%, respectively, while productivity slipped 1.3%.
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Thomson Reuters announced the launch of CoCounsel Legal featuring Deep Research and guided workflows. This milestone product release showcases Thomson Reuters most advanced AI offering to date, designed to help professionals move beyond prompting—and start delegating.
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Thomson Reuters, a global content and technology company, announced the launch of CoCounsel Knowledge Search, a powerful tool that revolutionizes how organizations search and navigate content repositories.
READ MORE >> The Future of Professionals in 2025 by Thomson Reuters
At Thomson Reuters, we empower our customers with insights and solutions to thrive in a changing landscape — our third annual study reveals how professionals are shaping their industries’ future with AI.
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NEW Thomson Reuters survey data reveals that only a quarter of organizations have a visible AI strategy. Time savings from AI could see a $32 billion opportunity on the table for the legal and tax industries in the U.S. alone.
READ MORE >> Thomson Reuters Ushers in the Next Era of AI with Launch of Agentic Intelligence
Thomson Reuters, a global content and technology company, today unveiled its next major leap forward — agentic AI systems, beginning with the launch of CoCounsel for tax, audit, and accounting professionals.
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Thomson Reuters: Law Firms Roll Out Aggressive Rate Increases as Productivity Declines
Thomson Reuters, a global content and technology company, issued a new report today that highlighted a significant rate growth employed by law firms while demand was up only 0.5% and productivity slipped 2.4%.
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Thomson Reuters, a global content and technology company, issued a new report today that showed law firms finished 2024 incredibly well. The average law firm saw profit growth in the double digits for the year and 11.5% in Q4, according to the Q4 2024 Thomson Reuters Law Firm Financial Index (LFFI), powered by Financial Insights.
READ MORE >> Alternative legal services providers face diverging market, new Thomson Reuters report shows
The “Alternative Legal Services Providers 2025” report finds that the market for ALSPs is shifting, as some legal departments and law firms get increasingly comfortable with these alternative methods.
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Innovation: Law firms focused on solving the fundamental challenges surrounding technology implementation are better positioned to drive sustainable growth in the legal market Growth: Robust growth of 2024 may be dampened in 2025 due to potential weaker demand and global economic uncertainty Thomson Reuters, a global content and technology company, and the Center on Ethics […]
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