Nearly half (45%) of UK companies shifted work to different law firms in the past year. That’s among the findings of State of the UK Legal Market report, which showed demand challenges as well as increasing competition within the supply side of the legal marketplace. Legal Current examined the report, released today by Thomson Reuters, …
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LegalTech
ChatGPT & Generative AI Within Law Firms: Reactions from the Legal Industry
Legal professionals’ perspectives on generative AI runs the gamut from concerns about threats to jobs and how often the technology “hallucinates” to excitement to apply it to legal work. These are among the findings of the ChatGPT & Generative AI within Law Firms report, released last month by Thomson Reuters. Based on surveys conducted of …
- May 11, 2023
- Carrie Brooker
Practical Law The Journal: May 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 new 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 May …
- May 2, 2023
- Carrie Brooker
Happy Law Day from Thomson Reuters
Happy Law Day! Legal Current asked leaders across the Thomson Reuters Legal Professionals business to share what Law Day means to them. Established by President Dwight D. Eisenhower in 1958, Law Day celebrates the rule of law on May 1. In the United States, it’s an opportunity for legal professionals as well as students to …
- May 1, 2023
- Carrie Brooker
ChatGPT and Generative AI in Law Firms: Top Takeaways
Everyone is talking about ChatGPT and generative AI, but are legal professionals actually using them? ChatGPT & Generative AI within Law Firms, a new report from Thomson Reuters, examines legal professionals’ attitudes towards these emerging technologies. Based on surveys conducted in March of law firms in the United States, UK, and Canada, the report measures …
- April 25, 2023
- Carrie Brooker
Legalweek Insights: Rapid Fire on New Technology Driving Superior Legal Services
A Legalweek highlight was the Rapid Fire on New Technology Driving Superior Legal Services session moderated by Rawia Ashraf, vice president, Product – Legal Practice and Productivity, Thomson Reuters. She was joined by panelists Katie Stone, director of Practice Management, Berry Appleman & Leiden; Kate Orr, global head of Practice Innovation, Herrington & Sutcliffe; and …
- April 18, 2023
- Carrie Brooker
Thomson Reuters Document Intelligence: Automating M&A Due Diligence Processes
Amid economic uncertainty, law firms and legal departments are focused on operating efficiently and making the most of advanced technologies to control costs and improve productivity. Legal professionals are increasingly turning to artificial intelligence to automate processes and strengthen operational efficiencies. Legal Current looks at how Thomson Reuters Document Intelligence, formerly ThoughtTrace, uses AI to …
- April 12, 2023
- Carrie Brooker
Thomson Reuters and TPG to Establish Elite as an Independent Legal Tech Company
Today Thomson Reuters and TPG announced that they have signed a definitive agreement for TPG to acquire a majority stake in Elite from Thomson Reuters. The investment will bring resources and focus to the legal financial and practice management business, enabling law firms to digitally transform and thrive. Legal Current is sharing details about the …
- April 4, 2023
- Carrie Brooker
Practical Law The Journal: April 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 new 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 April …
- April 3, 2023
- Carrie Brooker
2023 State of the Corporate Law Department: Three Key Takeaways
Complying with growing global regulatory complexity represents the biggest legal threat to businesses, according to the 2023 State of the Corporate Law Department report from the Thomson Reuters Institute. The report found that 28% of global law departments cite frequency and complexity of regulatory changes as the biggest anticipated risk to their business. Legal Current …
- March 22, 2023
- Carrie Brooker