The latest Thomson Reuters Institute survey, the eighth edition of the State of U.S. Small Law Firms report, marks a significant shift in small law firms' longstanding struggle with administrative tasks. For the first time since 2016, the survey found an increase in the time lawyers at small firms (29 or fewer lawyers) spend practicing law, rising from 56% to 61%.
According to a survey conducted by KPMG, 75% of companies are not in a position to obtain third-party assurance on their published ESG data. This is despite the fact that two-thirds of companies must disclose such data, or will soon be expected to do so, on a mandatory basis.
