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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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. …
Ellie Jurado-Nieves Receives 2023 Liberty Achievement Award
I had the honor of presenting the American Bar Association’s Tort Trial & Insurance Practice Section (TIPS) Liberty Achievement Award yesterday. Thomson Reuters has sponsored the TIPS Liberty Achievement Award to recognize attorneys and judges who take leadership roles in promoting diversity in the profession of law since its inception in 2008. The award highlights …
May the 4th: Westlaw Data Reveals How Many Lawyers are Star Wars Fans
Legal Current is observing May the 4th – inspired by a pun of the iconic Star Wars phrase, “May the force be with you” – by exploring Westlaw data for insights on the beloved franchise. An examination of Westlaw data across judicial opinions, trademark registrations, and secondary sources shows the impact Star Wars has made …
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 …
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 …
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 …
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 …
