Corporate legal departments say their most effective cost controls are enforcement of billing guidelines, reductions on invoice expenses, and working with law firms that pro-actively show their value. At the same time, many legal departments are not using fixed or flat fees, matter budgets, competitive bidding through requests for proposals (RFPs) or reallocation of work …
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ACCAM17 Panel – Key Issues in Negotiating and Drafting Subscription Services Agreements
Technology was a common theme at the Association of Corporate Counsel (ACC) annual meeting, from the opening plenary on blockchain, to sessions on payment fintech and cybersecurity. Technology-related contracting continues to attract significant interest among lawyers, whether it’s utilizing automation or machine learning in the drafting and review processes, or substantive issues that typically arise in …
- October 23, 2017
- Jeff McCoy
Thomson Reuters named the strongest brand in Acritas’ first Global Alternative Legal Brand Index
Thomson Reuters has been named the top brand in an exciting new index that is the industry’s first to focus on the innovative practices that are enabling legal professionals to more efficiently organize and conduct their work.
Acritas, a leading legal market research company, has published its inaugural Global Alternative Legal Brand Index to reflect the increasing diversity of legal services providers that in-house departments can turn to today. The results are based on the views and opinions of many hundreds of senior legal professionals representing some of the world’s largest companies.
These in-house counsel were asked to name organizations providing legal services, excluding law firms, which first come to mind, along with those they most favored. They were also asked which providers they saw as driving innovation in the market.
Thomson Reuters was cited three times more than the next closest provider for its innovative practices and was named as the most favored provider overall, primarily driven by its use of technology.
While Thomson Reuters earned mentions across multiple areas for its innovation, four areas of business underpinned this recognition: Carswell Legal Solutions, Westlaw, Practical Law and Thomson Reuters Legal Managed Services. These reflect the broader survey findings that clients are adopting technology for accessing legal know-how and organizing work; using flexible resources to handle fluctuating work volumes; and seeking specialized expertise to provide business-ready solutions.
About Acritas and the Index
Acritas has published the highly-regarded Global Elite Law Firm Brand Index annually for the last eight years. The new Global Alternative Legal Brand Index is compiled from analysis of data derived from more than 600 telephone interviews with in-house counsel who have senior responsibility for buying legal services, representing $1 billion+ revenue organizations around the world.
A brief video in which Thomson Reuters Legal President Susan Taylor Martin sits down with Acritas CEO Lisa Hart Shepherd to discuss the new Global Alternative Legal Brand Index, the role of technology in innovation, and the Thomson Reuters approach to customer-focused solutions can be viewed here: https://youtu.be/4XbU3q1q9p4
You can also view the official announcement from Acritas and media coverage in the American Lawyer.
- October 23, 2017
Human Trafficking Task Force Models: Collaborative Partnerships and Proactive Outreach — IACP 2017 Panel
Much like yesterday’s discussion on new efforts to confront the nation’s opioid crisis, this morning’s IACP panel — Human Trafficking Task Force Models: Collaborative Partnerships and Proactive Outreach — discussed how law enforcement agencies are now taking a multilayer approach to a significant and troubling trend. Sex trafficking is a $32 billion dollar a year …
- October 23, 2017
- Alex Cook
Addressing the Opioid Crisis With Law Enforcement & Public Health Agency Partnerships — IACP 2017 Panel
One hundred seventy-five Americans die each day as a result of opioid addiction, according to recent data from the National Center for Health Statistics. What’s more, of the 23.5 million people in need of opioid addiction treatment, only 11 percent can access it, says John Rosenthal, co-founder and chairman of the Police Assisted Addiction Recovery …
- October 22, 2017
- Alex Cook
Fighting Violent Crime: What Does Data Have to Do With It? IACP 2017 Panel
It was a quiet morning in Philadelphia at the International Association of Chiefs of Police (IACP) 2017 Conference. Just yesterday, police and protesters clashed outside the convention hall, where thousands of law enforcement professionals from across the globe will meet this week to discuss, among other things, how to improve how law enforcement officers work …
- October 22, 2017
- Alex Cook
ACCAM17 Panel – What Technology Should Your Legal Department Deploy Now?
What is your problem? Maybe the question should be what “are” your problems? At the 2017 Association of Corporation Counsel (ACC) annual meeting, a session focused on helping smaller legal departments look at what, where, when and how to deploy existing technologies to address their pain points. A survey of the attendees prior to …
- October 18, 2017
- Jeff McCoy
ACCAM17 – How much and where does AI fit within compliance and litigation?
“I am not in the business of predicting the future, but in the business of making the future,” said Khalid Al-Kofahi, vice president, Research and Development at Thomson Reuters, as part of a panel at the 2017 Association of Corporate Counsel (ACC) annual meeting discussing artificial intelligence (AI) and its influence in the legal profession. …
- October 17, 2017
- Jeff McCoy
ACCAM17 Panel – The Emerging Law and Public Policy of Self-Driving Cars
Most of us have seen and maybe even envied the use of self-driving cars in movies or television shows ranging from the Batmobile in Batman, Herbie, I, Robot and K.I.T.T. from Knight Rider. At the 2017 Association of Corporate Counsel (ACC) Annual Meeting, one panel took a look the emerging laws and public policy surrounding …
- October 17, 2017
- Jeff McCoy
ACCAM17 Keynote – Blockchain: More Opportunity Than Digital Payments
As traditional models of success are evolving in nearly every sector of industry, Don Tapsoctt, CEO of the Tapscott Group, opened the 2017 Association of Corporate Counsel (ACC) Annual Meeting with a discussion centered on blockchain. Tapscott has authored more than 15 books including Wikinomics: How Mass Collaboration Changes Everything, Paradigm Shift and his most …
- October 16, 2017
- Jeff McCoy