In this final of a three-part series on the 2023 State of U.S. Small Law Firms: A Year of Change report, we look at how law firms are increasingly turning to technology to help them tackle challenges they face in today’s legal landscape. From improving efficiency to reducing costs, technology is playing an increasingly important …
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Thomson Reuters and Morgan Lewis Enter into Partnership for AI Development
As the pace of legal technology innovation increases, Thomson Reuters announced today it is entering into a partnership with global law firm Morgan Lewis to collaborate on new artificial intelligence (AI) driven legal products. Through the partnership, Morgan Lewis will provide feedback to help shape new Thomson Reuters products. “We’re committed to providing the best …
- December 19, 2023
- Leonard Lee
Small Law Firms: Challenges and Progress
Small law firms face a number of challenges and the 2023 State of U.S. Small Law Firms: A Year of Change report provides some insights into both the scope of these challenges and how firms are responding to them. A major headache continues to be finding the right balance between practicing law and handling administrative …
- December 19, 2023
- Leonard Lee
Small Law Firms Overwhelmingly View Themselves as Successful
Small firm lawyers face unique challenges, as they often function as both practicing attorneys and small business owners. Despite these challenges, the 2023 State of U.S. Small Law Firms: A Year of Change report finds that an overwhelming 87% of lawyers across small firms view their firms as either successful or very successful; 30% of …
- December 18, 2023
- Leonard Lee
Practical Law The Journal: December Issue Out Now
Practical Law The Journal is the award-winning magazine companion to Practical Law, covering a wide range of transactional, regulatory, and litigation topics. It publishes monthly in a digital-only format hosted on Reuters.com. Legal Current reached out to the Practical Law The Journal team to discuss what readers can look forward to in the December issue. …
- December 14, 2023
- Carrie Brooker
Legal Industry Reaction to AI-Assisted Research on Westlaw Precision and the Thomson Reuters Generative AI Strategy
Thomson Reuters provided legal industry journalists a sneak peek of AI-Assisted Research on Westlaw Precision and introduced a series of additional initiatives, including the new generative AI assistant connecting all Thomson Reuters generative AI products, Thomson Reuters Generative AI Platform, generative AI capabilities in Practical Law, and CoCounsel Core. Legal Current shares perspectives from legal …
- November 20, 2023
- Carrie Brooker
Thomson Reuters Launches AI-Assisted Research on Westlaw and Additional Generative AI-Powered Solutions
Thomson Reuters today announced a series of generative AI initiatives designed to transform the legal profession. Headlining these initiatives is AI-Assisted Research on Westlaw Precision. Available now to customers in the United States, this skill helps legal professionals quickly get to answers for complex research questions. This generative AI skill leverages innovation in Casetext, created …
- November 15, 2023
- Carrie Brooker
Practical Law The Journal: November Issue Out Now
Practical Law The Journal is the award-winning magazine companion to Practical Law, covering a wide range of transactional, regulatory, and litigation topics. It publishes monthly in a digital-only format hosted on Reuters.com. Legal Current reached out to the Practical Law The Journal team to discuss what readers can look forward to in the November issue. …
- November 10, 2023
- Carrie Brooker
How Thomson Reuters Is Embracing the Generative AI Era: Insights from Emily Colbert
The latest AALL Spectrum issue features an interview with Emily Colbert, senior vice president of product management at Thomson Reuters, on the company’s plans to incorporate generative AI capabilities, what process improvements the technology can provide, and how customers feel about its arrival. AALL Spectrum noted that AI has long played a notable role in …
- November 9, 2023
- Carrie Brooker
ABA Private Target M&A Deal Points Study & Practical Law Partnership
The ABA’s Business Law Section M&A Committee’s flagship Private Target M&A Deal Points Study is considered the industry’s gold standard reference for deal points in private acquisition agreements. Through Practical Law’s new partnership with the ABA, select Practical Law forms now contain integrated slides from the study as well as continuously updated Practical Law What’s …
- November 8, 2023
- Leonard Lee