The strategic-sourcing approach to legal service delivery is meant to be systematic, continuous, and collaborative. Whether you start with one of the illustrative examples in Part I or not, start somewhere. But recognize that there is no finish line. Having a single conversation is not enough. Rather, the objective is to systematize regular periods of …
Information and commentary on the business and practice of law at Thomson Reuters.
Articles
Can Marijuana Be Patented or Trademarked?
As more states move towards legalized marijuana, business entities such as medical marijuana dispensaries or other marijuana-related businesses are starting to bump up against patent and trademark issues that may prevent them from enjoying many of the intellectual property protections that other businesses use. Doug Sorocco of Dunlap Codding looks at some of the “grassroot” IP obstacles facing …
Congrats to Kate Boeckman for Being Named to MSP Business Journal’s “40 Under 40”
Our own technology guru, contributor and friend Kate Boeckman has been named to this year’s Minneapolis/St. Paul Business Journal “40 Under 40” list. As product manager of Wearable and Emerging Product Technologies at Thomson Reuters, Kate works at the intersection of how our solutions meet the latest technology. She is one of more than 550 …
A Strategic Approach to Purchasing Legal Services, Pt. I
If a law department is spending six figures or more with the same law firm year after year, the two are in a de facto strategic partnership. Whether or not the law department takes advantages of the attendant leverage to improve its supply base, rather than seek illusory discounts, is a separate question. A strategic-sourcing …
Failing at the Finish Line – How Law Firms Lose Prospective Clients at the Front Door
There’s a way for law firms to increase their number of clients and revenues without having to spend any additional money on market or advertising. Law firms invest significant effort and finances developing savvy marketing campaigns that drive traffic to their websites or phone calls to their law firms, only to drop the ball when …
Powering the Global Legal System
We sat down with a handful of Thomson Reuters staff to discuss how they engage with customers to support their work. Originally created for employees, we thought the video might be interesting to customers as well. In the video clip below, we hear several stories about how we help our customers make a difference in …
2016 State of the Law Firm Market
James W. Jones, senior fellow at the Center for the Study of the Legal Profession, discusses the “2016 State of the Legal Market” report by the Center for the Study of the Legal Profession at Georgetown University Law Center and Thomson Reuters Peer Monitor
The Legal Industry’s “Kodak Moment” – A Lesson for the Future of Law Firms?
Remember the Kodak Instamatic camera? Long before cellphones and selfies, it seems we all had one. But now they’ve faded away like aged Kodachrome film. The 2016 State of the Law Firm Market report from Georgetown Law and Peer Monitor provides a snapshot of the legal industry, warning that similar fates could be in store …
What Law Departments Can Learn from Burritos and Cars
The recent events at Chipotle have once again highlighted the importance of supply chains in our modern economy. The law has long recognized the ability of large corporate purchasers to affect the behavior of their downstream suppliers. For better or worse, legislation on topics from sustainable food sources to conflict minerals and human trafficking is …
Once and Future Kings: Financial and Practice Management Systems to Rule Them All
An epic tale spanning centuries with family bloodlines deciding the fate of a kingdom. No, it’s not the latest season of Game of Thrones but it deals with saga as old as time – law firm financial and practice management, from the day-to-day to acquisitions and expansion into new practice areas. In a recent white …
