Imitation is often referred to as the sincerest form of flattery. When it comes to the legal market in China, there are perceptions that the Chinese business model for law firms is based on models from the West. There may be some truth to that, but there also are opportunities for firms in the West …
Uncategorized
Panoramic View: Media Highlights of the Launch
Last week’s Thomson Reuters Panoramic launch has generated positive coverage from legal industry media and bloggers. Journalists and influencers have shared their take on Panoramic following the media briefing and product demonstration Thomson Reuters hosted. Reporters have touted the impact Panoramic will have on lawyers’ overall workflow – particularly around pricing and billing – and …
Eight Top Honors Earned by Thomson Reuters in The National Law Journal Reader Rankings 2019
Thomson Reuters was awarded the highest accolades in eight categories, including online legal research provider and legal research app, in the eighth annual Best of The National Law Journal Readers Rankings. Thomson Reuters WestlawTM took first place in three categories: Online Legal Research Provider; Legal Research Provider, including software as a service, digital and print …
Panoramic: A New Vision for the Way Law Firm Lawyers Work
A bold, new legal workflow solution that enables firms to plan, manage and execute legal matters with data-driven confidence has been introduced by Thomson Reuters. A cloud-based system, Thomson Reuters PanoramicTM is built on the strong foundation of Practical Law’s legal guidance and 3E’s market-leading financial management system to connect the front and back office …
Hitting the Runway: Global Legal Guide for Luxury & Fashion Companies
Despite geopolitical shifts, uncertainty and various factors that seem to affect numerous sectors, the global luxury and fashion industry has tripled in the last 20 years to approximately $300 billion and continues to grow rapidly. But with that broadening and diversification comes a whole new set of business challenges to navigate. Global law firm Baker …
8 Things a Lawyer Can Do That Artificial Intelligence Can’t
Already packed up your office and taken up sailing because the robots are going to replace you soon anyways? Not so fast. With all the breathless excitement (and hype) surrounding artificial intelligence or machine learning, it’s easy to lose sight that these are assistive technologies. They help us perform routine tasks faster and better, which …
Can Midsize Firms Compete with the Largest Firms?
The sheer size of the largest firms is often perceived as an advantage, providing more resources, broader geographical reach and other benefits. The “2019 Report on the State of the Legal Market: A View from the Midsize Firms” from the Thomson Reuters Legal Executive Institute concludes that despite these assumed disadvantages, Midsize firms – those …
Nominations Now Open for the 2019 William L. Norton, Jr. Judicial Excellence Award
The William L. Norton, Jr. Judicial Excellence Award, created by Thomson Reuters and the American Bankruptcy Institute (ABI), recognizes distinguished bankruptcy judges for their service of the insolvency community. Named for former bankruptcy judge and longtime West author William L. Norton, Jr., each year’s award honors a bankruptcy judge whose career has embodied the same …
Law Firm Market Dips in Q4, But Higher For All of 2018 – Peer Monitor Index
The large law firm market pulled back slightly in the fourth quarter, but for the year as a whole, 2018 saw across-the-board improvement in demand, rates and productivity. However, much of the gains were concentrated among the very largest firms. The Thomson Reuters Peer Monitor Economic Index (PMI) dropped seven points to 56 in Q4, …
Manage Risk, Prevent Fraud with CLEAR Risk Inform
Organizations now have a new resource to improve risk-analysis with the launch of Thomson Reuters CLEAR® Risk InformTM, the first risk-scoring solution to bring together analysis and public records with customizable definitions. Developed in collaboration with industry experts in banking, finance, insurance, healthcare, provider enrollment and vendor management organizations, CLEAR Risk Inform allows organizations to …
