David Lat, founder of Above the Law and Karl Florida, managing director, small law firm and consumer at Thomson Reuters, recently discussed the 11th Anniversary of Above the Law, the recent Supreme Court term, and what’s next for Above the Law and Lat. As many know, David Lat’s first anonymous blog provided a highly-followed insider’s …
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Fake News & Short Sellers vs. the SEC
“Fake news” is nothing new, especially to corporations dealing with short sellers – investors who bet on falling stock prices, who have long been accused of deliberately spreading false information in order to drive bigger gains. But the Securities & Exchange Commission has been surprisingly powerless in dealing with short sellers. Mike Dicke of Fenwick …
- June 21, 2017
- Leonard Lee
The Starbucks Effect: Losing Profitability Six Minutes at a Time
At VANTAGE 2017 Orlando, Cory Branden with Peer Monitor presented about trends and the true cost of lost productivity: Productivity. It’s a subject that we seem to be talking about all the time over the last few years. Firms want to find a way to utilize the lever and spur greater profitability, while corporate legal departments …
- June 20, 2017
- Leonard Lee
eSports, Video Games & the Law
Soaring athlete contracts, growing TV revenues and cheating and doping scandals. Nope. Not the NFL, NBA or World Cup Soccer. It’s the burgeoning world of e-Sports or spectator video games. Video game live televised tournaments and leagues are fast becoming big business. And with it comes legal issues that are all too familiar for those who …
- June 15, 2017
- Leonard Lee
An Easier Way to Organize e-Libraries
Library management solutions (LMS) can make it easier to manage growing eLibraries. A new strategic relationship with Lucidea integrates digital titles on Thomson Reuters ProView through Lucidea’s LMS. The new relationship will combine Lucidea’s SydneyEnterprise and Inmagic GeniePlus LMS with ProView, allowing instant access to ProView and its features that are specifically designed for professional …
- June 13, 2017
- Leonard Lee
How Elite’s Client Advisory Board Improves Law Firm Innovation
Elite’s Client Advisory Board is an important source of real-time counsel, as well as a conduit between Elite and its clients to help the business develop innovative ways to improve law firm efficiency. Stuart Robinson, Financial Controller for Irwin Mitchell, the 11th largest law firm in the UK, discusses his role on the Elite Client …
- June 7, 2017
- Leonard Lee
New Legal Tracker LDO Index Reveals Trends & Benchmarks from 1,000+ Legal Departments
Don’t guess how legal department operations are evolving—look at the data. According to the new Thomson Reuters Legal Tracker LDO Index, corporate legal departments are managing a higher volume than ever before, focusing on cost control, and bringing in more legal operations staff to run leaner and smarter. Insights from the new semi-annual LDO Index …
- June 6, 2017
- Leonard Lee
Tailoring Your Legal Marketing to Millennials
Millennials are now the largest demographic group in the U.S. Much has been written and discussed about how millennials often have unique preferences for how they prefer to shop for and purchases goods and services. How does this apply to law firms? Christi Krautbauer of FindLaw discusses the findings of a white new paper, Reaching …
- May 12, 2017
- Leonard Lee
“Alexa, How Much Time Have I Billed This Month?”
Elite 3E and Workspace users can now use the convenience of Amazon Alexa to enter and track billable hours. Thomson Reuters Workspace Assistant, a new way for lawyers to access and perform time management functions via Workspace using Amazon® Echo® or other Alexa®-enabled devices. Lawyers and timekeepers can input billable hours to a specific client matter, …
- May 5, 2017
- Leonard Lee
Q1 PMI: Large Law Firms Improve Demand & Rates But Struggle with Collected Realization
Two steps forward, one step back for large law firms in the first quarter. Demand for legal services rose, as did rates, helping boost the Thomson Reuters Peer Monitor Index to its highest mark in almost two years. Demand rose 0.3%, and worked rates were up 3.0%, one of the strongest quarterly rate growth figures in more than …
- May 1, 2017
- Leonard Lee