A new report from Thomson Reuters Peer Monitor finds that large law firms willing to accept smaller rate increases are on average experiencing higher demand and revenue growth. For many years, annual rate increases have been seen as a reliable means for firms to grow their revenues. But in an increasingly flat market in demand …
Business of Law module – Homepage
Knowledge Management as a Competitive Advantage, “KM with Kim” ILTACON Wrap-up
In discussions with firms at ILTACON 2016, one thing stands out in the world of knowledge management: in an era of Big Data and Artificial Intelligence, knowledge management can help firms gain a competitive advantage. In this post-ILTA wrap-up edition of “KM with Kim,” Kim Stein, national manager of knowledge management for Thomson Reuters, shares …
- September 13, 2016
- Leonard Lee
Connecting with Elite Customers at ILTACON 2016
Thomson Reuters Elite has been engaging its customer base to glean input and feedback to help improve its products. Elizabet Hardy, vice president, product management at Elite, discusses what Elite is hearing from its customers through ILTACON and other customer engagements.
- August 31, 2016
- Leonard Lee
What Drives Innovation in Law Firms?
Does innovation tend to come from big firms or smaller firms? From top-down leadership or bottom-up mavericks? In an article in the current issue of Forum magazine, Jan-Coos Geesink, managing director, Thomson Reuters, Legal, UK & Ireland, spoke with Reena Sengupta, owner of RSG Consulting and founder of FT Innovative Lawyers, about the drivers of innovation in …
- August 24, 2016
- Leonard Lee
The Rise of the General Counsel
The modern general counsel is more than a business attorney. He or she is a lawyer-statesperson who is an outstanding technical expert, a wise counselor and effective leader and who has a major role assisting the corporation achieve the fundamental goal of global capitalism: the fusion of high performance with high integrity and sound risk …
- August 18, 2016
- Leonard Lee
Consumers Likely to Pick Lawyers Active on Social Media
While experience, expertise and solid credentials are important in helping prospective clients choose an attorney, so too is an active social media presence. A new FindLaw survey finds that a majority of consumers say they would be likely to hire an attorney who has an active presence on social media, such as Facebook, Twitter and …
- August 11, 2016
- Leonard Lee
Peer Monitor Index Slumps in Second Quarter
The large law firm market was hit by a one-two-three combination punch of slumping demand, rising expenses and falling productivity in the second quarter. The Peer Monitor Index report saw demand for law firm services fall for the first time since 2013. While rate growth accelerated slightly, it was not nearly enough to make up …
- August 1, 2016
- Leonard Lee
Private Equity, Loans and Bond Offerings, Expanded M&A Data Added to Thomson Reuters Deal Monitor
Deal Monitor, part of the Monitor Suite collection of products, now contains four new and expanded content sets leveraging the power of Thomson Reuters deal information. These data sets allow users to gain a better understanding of the financial transactions of companies and what law firms and other parties are involved in the transactions. The additions …
- July 6, 2016
- Leonard Lee
The Evolving Law Firm Staffing Model – CFO-CIO-COO Forum
The 6th Annual Law Firm CFO/CIO/COO Forum conducted by the Thomson Reuters Legal Executive Institute marks a return to the forum’s roots with a comprehensive examination of collaborative strategies across the law firm C-suite on a number of timely topics impacting law firm operations, finance and technology. One of the key topics will be law …
- June 13, 2016
- Leonard Lee
2016 Elite VANTAGE User Conference Wrap-Up
The 2016 Elite VANTAGE Worldwide User Conference saw record attendance, with 1100 users, 300 sessions and numerous customer panels, demos, sharing best practices, and talking about industry trends. Eric Ruud, Managing Director for Legal Enterprise Solutions, discusses this year’s VANTAGE conference, and how users can continue to keep up with developments at Elite throughout the …
- May 26, 2016
- Leonard Lee
