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 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 June issue. …
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Elite Announces Completion of Majority Acquisition by TPG
In April, Thomson Reuters entered into a definitive agreement with TPG for them to acquire a majority stake of Elite. The deal has closed, and Elite is now an independent legal tech company. Thomson Reuters retains a minority ownership stake in Elite and has board representation. The new investment from TPG, alongside the expertise and …
How Generative AI Will Change How Legal Professionals Work
The legal industry is both concerned and excited about how generative AI is shaping the way legal professionals work. With Thomson Reuters investing $100 million annually to further integrate AI capabilities into its offerings, the company is making a significant impact on the future of work. Legal Current shares perspectives from Thomson Reuters Legal Professionals …
Thomson Reuters Integrates Generative AI: Reactions from the Legal Industry
Legal industry journalists, bloggers and influencers shared their perspectives on Thomson Reuters incorporating generative AI capabilities across its legal solutions and developing a contract drafting solution with Microsoft 365 Copilot. Legal Current is sharing their reactions to the announcement and this week’s media briefing, where Thomson Reuters Chief Product Officer David Wong highlighted the efforts. …
Thomson Reuters Is Redefining the Future of Work for Legal Professionals with Generative AI
Thomson Reuters today shared a vision to redefine the future of work for legal professionals through generative AI, providing users with more conversational experiences, time savings, intuitive automation, and a significantly improved user experience. In addition to investing more than $100 million annually to further integrate AI capabilities into its offerings, Thomson Reuters is developing …
Thomson Reuters Builds on Legacy of Innovation with Continued AI Investment
Thomson Reuters has a long history as a leader in leveraging AI and machine learning, with a legacy of innovation that began more than 150 years ago. The company’s early innovations have been foundational in driving ongoing technology advancements, using increasingly sophisticated AI and machine-learning capabilities to improve search and expand analytics through product advances. To …
State of the UK Legal Market 2023: Top Takeaways
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, …
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 …
CLOC Preview: Predictive Spend Management
About 2,500 legal professionals will converge in Las Vegas next week for the CLOC Global Institute to focus on legal innovation and transformation. Among the conference highlights will be the May 17 session, Shift From Proactive to Predictive: Get More Sophisticated With Spend Management. Kelsey Nicol, director, Go-To-Market Strategy & Planning, Corporates, Thomson Reuters, will …
Q1 2023 Thomson Reuters Law Firm Financial Index: Top Takeaways
The law firm market rebounded in the first quarter due to improved growth and surging rates, according to the Q1 2023 Thomson Reuters Law Firm Financial Index (LFFI) powered by Financial Insights. However, the Thomson Reuters report noted that the recovery was uneven and uncertainty remains as to the direction of the market going forward. …
