Open standards are essential for driving innovation in the legal space and for enabling legal professionals to deliver high-quality service to their clients. They’re essential to the future of law as legal professionals look to operate more efficiently, seamlessly collaborate with colleagues and clients, and make the most of advanced technologies and legal data. Thomson …
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2023 State of the Courts Report: Top 10 Takeaways
Delays, backlogs, and workforce shortages demonstrate the need for a digital transformation to modernize the U.S. court system, according to the 2023 State of the Courts Report from the Thomson Reuters Institute. The report found that many courts were propelled into modernizing by the pandemic, but without continued investment in digital transformation, they risk falling …
Q4 2022 Thomson Reuters Law Firm Financial Index: Top Five Takeaways
Law firm profitability fell for a fifth consecutive quarter in Q4 2022, according to the Q4 2022 Thomson Reuters Law Firm Financial Index, (LFFI) powered by Financial Insights. The report notes that demand, productivity, and expense challenges “have nearly eaten through the record profit gains of 2021” as firms contend with multiple ongoing issues. However, …
Thomson Reuters Document Intelligence With HighQ: Feb. 16 Webinar
With M&A activity declining amid an economic slowdown, law firms are looking to differentiate and innovate to stand out from the competition and win more due diligence business. To help with these efforts, Thomson Reuters is hosting a free webinar on Feb. 16 that highlights the benefits of collaborative project management, streamlined workflows, and artificial …
Alternative Legal Services Providers 2023 Report: Reactions from the Legal Industry
“ALSPs have a greased runway to start soaking up business.” That’s among the reactions – this one from Above the Law’s Joe Patrice – to findings of the Alternative Legal Services Providers 2023 Report, released last week by the Thomson Reuters Institute; the Center on Ethics and the Legal Profession at Georgetown Law; and the …
2023 Report on the State of the Legal Market: Feb. 21 Webinar
The 2023 Report on the State of the Legal Market explores the outlook for the year ahead, examining how factors including rising expenses, falling demand and productivity, shifting client outlooks, and inflation are shaping the industry. Since the report’s release in January, findings have sparked conversations as journalists, bloggers, and industry influencers weigh in on …
Practical Law The Journal: February 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 February …
Alternative Legal Services Providers 2023 Report: By the Numbers
Alternative legal services providers (ALSPs) make up a $20.6 billion segment of the legal market and growth is accelerating dramatically, according to the Alternative Legal Services Providers 2023 Report. Legal Current shares a by-the-numbers look at top findings from the ALSP report, which is issued biennially by the Thomson Reuters Institute; the Center on Ethics …
2023 Report on the State of the Legal Market: Reactions from the Legal Industry
Journalists, bloggers, and industry influencers are interpreting findings of the 2023 Report on the State of the Legal Market, issued last week by the Thomson Reuters Institute and the Center on Ethics and the Legal Profession at Georgetown Law. They’re focusing on findings showing a drop in demand for services, an uncertain economic outlook, lower …
2023 Report on the State of the Legal Market: 10 Takeaways
A year of uncertainty awaits law firms, with multiple factors threatening profitability, including falling demand and productivity, rising expenses, shifting client outlooks, and inflation. These are among the findings of the 2023 Report on the State of the Legal Market, issued today by the Center on Ethics and the Legal Profession at Georgetown Law and …
