Thomson Reuters
Advisory Services
Trusted, strategic advice underpinned by unique data
Whether you are starting a new strategic endeavor, looking to re-invigorate a current initiative, searching for a world-class custom research tool, or need a fully comprehensive advisory partner that can leverage the extensive bank of data and insights at Thomson Reuters, our experienced team will work with you to build an approach that best suits your needs.
Start planning for a more successful future
Firm strategy
Our environment is changing faster than ever before. Firm leaders need to be intentional and clear about the firm's purpose and the direction they wish to take the firm. We work with firm leaders to set strategies based on a thorough understanding of their objectives. We guide our clients through a proven process to ensure the goals set in place are in harmony with the firm's culture and are focused on matching partners' ambitions with market opportunities.
Strategic Intelligence
Getting to know your client’s business and industry better has become even more important and standing out from other firms who are (potentially and probably) targeting the same clients as you is critical. In reality, many firms struggle to achieve this, with barriers ranging from internal lawyer attitudes, inadequate knowledge sharing and CRM systems, to being able to effectively identify clients’ needs in areas outside of live matters. Thomson Reuters custom research methods are designed to inform, shape, underpin and measure progress against these issues and help support law firm strategy to address them.
Client acquisition and growth strategy
Our advisors draw on unique data and insights to help you become a “go-to” firm for your clients.
Helping firms holistically serve their clients' business and achieve greater satisfaction and retention rates.
Partnering with firms to design and implement world-leading programs that are focused on developing loyal and profitable relationships.
Identifying opportunities to grow stronger client relationships and institutionalize service excellence.
Ensuring firms articulate their brand as a credible promise that is relevant, different, and authentic.
Inspire through industry insights
We provide original and distinctive content which enables firms to "power up" their strategy and ensure greater chances of future success.
Client portfolio analysis
Most firms capture less than a quarter of the legal spend available within their existing client base — yet business development efforts fail to meaningfully close that gap. Client Portfolio Analysis provides a clear, client-by-client view of where growth opportunity is and isn't real.
By combining your firm’s data with the Thomson Reuters market intelligence, we move beyond an internal view of performance to show you where to invest lawyer time, which relationships are unlikely to deliver meaningful returns, and where additional focus is most likely to convert into profitable growth. The result is clearer priorities — grounded in objective market data — around the specific client relationships where investment will truly pay off, and a shift away from broad, unfocused growth efforts.
Client listening
Firms with a formal feedback loop in place see a significant increase in client satisfaction. These initiatives provide a unique opportunity for firms to stand out and develop deeper, broader relationships with their client base. Thomson Reuters advisors can work with you to uncover valuable insights that will help you stay ahead of the game in serving your clients as it is a proven way of increasing consideration for work and growing share of wallet by helping you remain top-of-mind and demonstrating client focus.
Partner retreats
Partner retreats and conferences are perfect opportunities to build buy-in and focus for a firm’s strategic priorities or to introduce innovative themes. Using our unique data and insights and drawing on the experience of our senior advisors, we can help design more impactful, relevant, and engaging sessions.
Engage and retain high-performing talent
Firms that can retain their top talent have a significant market edge. Using trusted research methodologies, we work with firms to assess how different talent populations are thinking and feeling. With the help of empirical key indicators, we help firms take action to ensure long-term engagement and greater talent retention.
Take your next step today with Thomson Reuters Advisory Services
Request a consultation and start planning for a more successful future
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