In Business

Do lawyers understand cloud computing?

Monday 29th Oct 2012

Cloud computing. A term regularly discussed in the technology arena, but what does it really mean to legal professionals? The common definition is the delivery of hosting data and other services over the Internet. But instead of storing data on your servers in the office basement, the data and applications are stored remotely, with access ...

Global M&A activity drops sharply

Tuesday 16th Oct 2012

Concerns about the global economy helped lead to a sharp drop in global M&A activity in the third quarter, according to the latest M&A Trends & Insight for Lawyers report from Thomson Reuters Business Law Advisor–M&A. Global deal volumes were down 8 percent, falling to their lowest levels since 2005.  U.S. domestic deals actually rose in the ...

The flat world and the future of document review

Thursday 4th Oct 2012

Greg McPolin, managing director of Pangea3 and Corporate Counsel, Litigation at Thomson Reuters, was a panelist for The Flat World and the Future of Document Review discussion at the Association of Corporate Counsel annual conference.The panel was sponsored by Pangea3 channel partner Stroz Friedberg and the panelists discussed the evolution of document review and how ...

Top five things to keep in mind when creating a contracts playbook

Wednesday 3rd Oct 2012

Deployed correctly, contracts playbooks can be powerful tools that save time and minimize risk. If our sold-out session at the Association of Corporate Counsel annual conference, A Play-by-Play Guide to Creating a Contracts Playbook, is anyindication, they are also not completely understood. During the panel, we fleshed out some of the most important issues in-house ...

Top 5 technology gaps in law departments

Wednesday 3rd Oct 2012

A new Thomson Reuters survey  of law department leaders, attorneys and staff has identified the top 5 critical tasks that are most often not being managed with automated solutions. The survey found that while law departments are frequently using technology to help manage certain critical tasks – such as legal research and matter management, many other ...

A practical guide to contracts playbooks

Monday 1st Oct 2012

This year, the Association of Corporate Counsel annual conference will attract thousands of attendees from around the world who come to exchange strategies for creating more dynamic legal departments. All four panelists in the ACC session A Play-by-Play Guide to Creating Contracts Playbooks  are corporate counsel with a range of experiences—from in-house counsel at a ...

Best practices for legal holds

Monday 1st Oct 2012

Large and small organizations face numerous challenges surrounding legal holds. “Response Required! Legal Holds for the Small and Large Enterprise”, a session at the Association of Corporate Counsel annual meeting, walked attendees through various scenarios that companies and their legal departments could face. The panel shared suggestions that can be implemented to help lead your ...

Should you build an app for that?

Friday 7th Sep 2012

Mobile application development requests are on the rise. Everyone who’s touched an iPad® is certain there’s an untapped way to leverage it for practice efficiency and business development. Karen Anzuini, chief information officer at Benesch, Friedlander, Coplan & Aronoff LLP, was at the forefront of mobile technology by leading the creation of an app for ...

Your phone/tablet is your best friend

Wednesday 29th Aug 2012

This post was written by Bob Schukai, global head of mobile technology, Thomson Reuters   While smartphone penetration in the USA has now just exceeded 50%, we know that its usage within the legal profession runs higher than 90%. Blackberries, iPhones, and iPads are regular tools that legal professionals use to stay connected and informed ...

The E-Billing process simplified

Tuesday 21st Aug 2012

As law firms seek every opportunity to reduce costs, many are finding that eBillingHub is a resource to help them increase their billing efficiency and shorten billing cycles. Additional advantages include: reduced write-offs and write-downs, improved invoice tracking, decreased billing costs, and enhanced client service and satisfaction. eBillingHub is delivered as a web-based SaaS application ...

Peer Monitor Index falls in second quarter

Friday 27th Jul 2012

The Hildebrandt Institute Peer Monitor Economic Index (PMI), which measures the relative health of the legal marketplace, fell four points in the second quarter of 2012 to a reading of 51, its third decline in the last four quarters. PMI is a composite index of law firm market performance using real-time data drawn from major ...

US and UK M&A activity up in Q2

Friday 27th Jul 2012

Global M&A activity remained slow in the second quarter, with deal volume sitting at its lowest levels in three years, according to the latest M&A Trends & Insight for Lawyers report from Thomson Reuters Business Law Advisor – M&A. U.S. and UK M&A activity, however, bucked the global trend, with volume up 14 percent and ...

The key role of librarians in knowledge management

Sunday 22nd Jul 2012

As firms strive for greater efficiency and delivering greater value to clients, knowledge management system can help firms by streamlining search. Because of their skill set and experience, librarians are uniquely positioned to help firms get the most out of their knowledge management systems. According to the 2011 ALM Law Librarian Survey, 57 percent are ...

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