As 2019 winds down, Legal Current is revisiting milestones and key accomplishments from the Legal business of Thomson Reuters this year. Today we look at two important acquisitions: HighQ and Acritas. HighQ, which offers a secure, cloud-based platform for business collaboration, workflow automation and client engagement, joined Thomson Reuters in July. When the deal was …
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Thomson Reuters has acquired Acritas, a market analysis, research and advisory services business serving the global legal market. Thomson Reuters has worked extensively with Acritas and we have much in common – most notably a shared passion and commitment to deliver market insights and industry-leading thought leadership that benefits our clients. “We are excited to …
- November 8, 2019
- Jeff McCoy
Today’s corporations need their law departments to provide legal support that enable them to maximize their competitive advantage, while simultaneously safeguarding against unnecessary risk. As in-house counsel contend with complex issues such as data privacy and regulatory compliance, they also need new approaches, such as effective project management and greater collaboration between in-house teams, outside …
- May 13, 2019
- Carrie Brooker
Imitation is often referred to as the sincerest form of flattery. When it comes to the legal market in China, there are perceptions that the Chinese business model for law firms is based on models from the West. There may be some truth to that, but there also are opportunities for firms in the West …
- March 8, 2019
- Jeff McCoy
Thomson Reuters Named the Leading U.S. Brand in Acritas’ Inaugural U.S. Alternative Legal Brand Index
Thomson Reuters has been named the strongest brand in an exciting new index that focuses on the U.S. providers of innovative and technology-driven services that are helping legal professionals respond to demands for great efficiency, flexibility and reduced costs. Acritas, a leading global legal market research company, has just published its inaugural U.S. Alternative Legal Brand Index, …
- February 14, 2018
- Alex Cook
Corporate Legal Departments moving more work in-house even as satisfaction with outside counsel value increases
Corporate legal departments are seeing greater value for the legal services they receive from their outside counsel, according to the 2018 State of Corporate Law Departments Report from Thomson Reuters and Acritas. The average satisfaction rating of outside counsel based on value has increased 9 percent over the last five years showing improvements across all …
- February 5, 2018
- Jeff McCoy
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
- October 23, 2017