{"id":824,"date":"2017-12-18T14:00:00","date_gmt":"2017-12-18T13:00:00","guid":{"rendered":"https:\/\/hub.findingsimple.com\/au\/resources\/resource\/legal-market-trends-2017-infographic\/"},"modified":"2020-06-03T08:07:35","modified_gmt":"2020-06-03T08:07:35","slug":"legal-market-trends-2017-infographic","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.com.au\/legal\/resources\/resource\/legal-market-trends-2017-infographic","title":{"rendered":"The Legal Market in 2017: Trends, Challenges and &#8220;Big Strategic Decisions&#8221; [Infographic]"},"content":{"rendered":"<p class=\"intro-paragraph\">In the <a href=\"http:\/\/insight.thomsonreuters.com.au\/resources\/resource\/state-of-the-australian-legal-market-2017\"><em>2017 Australia: State of the Legal Market<\/em> report<\/a>, <a href=\"http:\/\/law.unimelb.edu.au\/\" target=\"_blank\" rel=\"noopener noreferrer\">Melbourne Law School<\/a> and <a href=\"http:\/\/legalsolutions.thomsonreuters.com\/law-products\/solutions\/peer-monitor\" target=\"_blank\" rel=\"noopener noreferrer\">Thomson Reuters Peer Monitor\u00ae<\/a> have set out the dominant trends impacting the legal market in 2017 and the key issues to influence the market in 2018 and beyond.<\/p>\n<p>The report, based on financial data provided by the Big 8 and the next 10 largest law firms in Australia, shows that technology and innovation are now a crucial part of a firm\u2019s strategy \u2013 and if they\u2019re not, they should be.<\/p>\n<p>Technology is affecting both the business and practice of law. However, despite a flat market, a number of firms are still making healthy profits. This makes the decision to invest in new technology, while core business is still successful, a more difficult one.<\/p>\n<p>This infographic highlights the key findings from the report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the 2017 Australia: State of the Legal Market report, Melbourne Law School and Thomson Reuters Peer Monitor\u00ae have set out the dominant trends impacting the legal market in 2017&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","categories":[641,576,645,602,609,634],"tags":[54,67,77,305,313,347,370,382,401,412,440,489],"resource_type":[600],"insight_job_role":[569,1315,598,604,614,627,628,631],"insight_practice_area":[],"class_list":["entry","author-legaladmin","post-824","insight_resource","type-insight_resource","status-publish","category-benchmarking","category-business-management","category-innovation-and-disruption-in-law","category-innovation-and-technology","category-legal-technology","category-trends-and-the-future-of-law","tag-australian-legal-market","tag-big-8-firms","tag-boutique-law-firms","tag-large-law-firms","tag-law-graduates","tag-legal-project-management","tag-lpos","tag-mdps","tag-newlaw","tag-peer-monitor","tag-profitability","tag-specialisation","resource_type-infographic","insight_job_role-academic","insight_job_role-barrister","insight_job_role-in-house-lawyer","insight_job_role-knowledge-manager","insight_job_role-partner","insight_job_role-senior-executive","insight_job_role-solicitor","insight_job_role-student","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Legal Market in 2017: Trends, Challenges &amp; 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