Thomson Reuters Institute

Legal 
resource center

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.

2025 Report on the State of the US Legal Market

In this year’s report, we see how many law firms are edging toward rethinking their business model in light of technological advancements, even as they celebrate a record-breaking performance over the past year

Law firm rates in 2024

A new report shows law firms are continuing their impressive run of growth in billing rates; however, potentially softer demand in 2025 may make such continued strong rate growth an important necessity

Sign up and stay informed with our weekly insights and trends newsletter