Law firms face numerous challenges, including those coming from clients, from within their own firms, and from the economy in general. But how much change are law firms willing to embrace to meet those challenges? The “2019 Law Firm Business Leaders Report: Outlook for U.S.-Based Local & Regional Firms” interviewed law firm leaders. They are …
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Demand for Large Law Firm Services Surges in Q3: Peer Monitor Index
Demand for large law firm services surged in the third quarter to one of its highest levels since the end of the recession. The Thomson Reuters Peer Monitor Economic Index Report (PMI) says the PMI rose three points to 56 — its second consecutive quarterly gain. However, lagging productivity and rising costs dampened profitability slightly. …
- November 4, 2019
- Leonard Lee
Justice Ruth Bader Ginsburg Discussion, part 2 – Special Podcast Series: Wright & Miller’s Federal Practice & Procedure Marks 50 Years of Publication, episode 5
Justice Ruth Bader Ginsburg has served on the bench for nearly forty years. She was appointed to the U.S. Supreme Court in 1993 after serving on the U.S. Court of Appeals District of Columbia Circuit. Prior to that, she was a professor of law at both Rutgers Law School and Columbia Law School teaching civil …
- November 4, 2019
- Leonard Lee
Citizens League Honors Sharon Sayles Belton for Leadership in Public Service
The Citizens League in Minneapolis recently honored Sharon Sayles Belton for her leadership and long-standing commitment to public service. Sayles Belton is the Government Partnerships & Alliances Lead for Thomson Reuters, and in her role she draws from decades of leadership in civic engagement. She was the first woman and first person of color elected …
- November 1, 2019
- Carrie Brooker
Helping Small Law Firm Lawyers Bring a Strategic Plan to Life
Leaders of small law firms are increasingly acknowledging that they need solid business management skills to secure their practice’s future. Planning a firm’s future starts with setting goals and dedicating resources to achieve them. Aligning resources around your objectives moves goal setting from the aspirational to the accomplishable. For many lawyers, strategic planning is overshadowed …
- October 31, 2019
- Carrie Brooker
Helping Small Law Firm Lawyers Plan for the Future
Practicing law is what small law firm lawyers do well. Yet often they are reluctant business owners; few of them went to law school intending to run their own small business. Increasingly, leaders of small law firms are realizing that they are, in fact, business owners, and that they need to improve their business management …
- October 30, 2019
- Carrie Brooker
A Message to Customers Impacted by the California Wildfires
Dear friends, As the wildfires continue to impact California, the country is watching the news and looking for ways to help. We have witnessed heroic efforts to fight the fires, minimize property damage and provide medical assistance. We see neighbors helping neighbors, and countless acts of kindness and support. We understand that family, friends and …
- October 30, 2019
- Jeff McCoy
Thomson Reuters to Provide US DOJ, FBI with Legal and Investigative Tools
Thomson Reuters announced it has been awarded a long-term contract to provide its leading legal research and investigative technology tools to the Department of Justice (DOJ) professionals. In all, more than 25,000 users will have access to Thomson Reuters products under this agreement. Terms of the deal were not disclosed. U.S. Attorneys and other legal …
- October 28, 2019
- Jeff McCoy
Cash Is King: New Law Permits Student-Athlete Compensation
The National Collegiate Athletic Association (NCAA) system faces a fresh challenge in the form of California Senate Bill 206. The bill, commonly called the Fair Pay to Play Act, strives to pierce the veil of amateurism and allow student-athletes to contract endorsements and sponsorships. To facilitate such deals, student-athletes will be permitted to hire state-licensed …
- October 22, 2019
- Jeff McCoy
Blockchain Technology Can Combine Smart Contracts & Document Automation
Blockchain technology holds promise for enabling so-called “smart contracts” that greatly streamline the process for creating, reviewing and approving contracts. Combined with document automation technology, it could revolutionize contracts, creating tremendous efficiencies and opening new product possibilities in the financial world and beyond. Thomson Reuters and OpenLaw set out to demonstrate how these technologies could …
- October 17, 2019
- Leonard Lee