On Monday Thomson Reuters released its 2020 State of the Legal Market report in conjunction with the The Center on Ethics and the Legal Profession at Georgetown University Law. The good news from the report is that technology transactions and licensing practices look to be a safe bet for firms looking for areas where they can still grow their rates at time when clients are looking to reduce outside legal spend.

“The second half of the year has greatly outperformed the first in terms of demand growth and rate growth in this area. So it seems that if anything, it’s picking up steam,” said Joe Blackwood, an analyst with Thomson Reuters.

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