Law firm profitability continues to slide due to an inevitable cooling off in demand and a rebound in expenses, according to findings of the Q2 2022 Law Firm Financial Index, released today by Thomson Reuters. Powered by Peer Monitor/Financial Insights, the index fell for a fourth consecutive quarter – the longest such slide in its …
Information and commentary on the business and practice of law at Thomson Reuters.
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World Day Against Trafficking: Thomson Reuters Teams Up with the Organization for Security and Cooperation in Europe to Support Ukrainians
Thomson Reuters is joining forces with the Organization for Security and Cooperation in Europe (OSCE) on a Be Safe website that provides critical information and advice to help Ukrainian refugees spot the warning signs of human traffickers, minimize the risks, and get assistance. Millions of Ukrainians continue to flee to other countries due to the …
Drone Law Explores Regulations Around Rapidly Evolving Technology
Amid rapid expansion in both commercial and recreational drone operations, a new publication from Thomson Reuters examines the range of legal issues surrounding unmanned aerial systems. Drone Law offers comprehensive, up-to-date coverage and analysis of federal statutes and regulations; Federal Aviation Administration (FAA) guidelines; and state and local laws. “Drones are becoming integral parts of …
AALL Milestone Moments: Commemorating 25 Years of KeyCite
AALL Milestone Moments: Commemorating 25 Years of KeyCite This weekend marked a milestone: the American Association of Law Libraries (AALL) Annual Meeting & Conference kicked off in-person for the first time in three years. Today Legal Current notes another AALL-related milestone; it’s the 25th anniversary of KeyCite, which was introduced at AALL’s annual meeting in …
Everything You Need to Know (Almost) About the Metaverse
Have you set up a storefront on a metaverse platform yet? Are you feeling FOMO because you missed out on bitcoin and NFTs, and want to make sure you don’t miss out on this latest technology trend? Cynthia Cole of Baker Botts walks us through what the metaverse is all about. To listen, click on …
Contract Lifecycle Management Capabilities Among New HighQ Features
New contract lifecycle management (CLM) capabilities in HighQ are helping users leverage automation to strengthen workflow efficiencies, streamline contractual processes, and mitigate risk. Thomson Reuters introduced multiple enhancements to HighQ yesterday to help legal professionals better connect and simplify CLM workflows and gain full visibility across contract portfolios. Legal Current highlights how new HighQ features …
Contracts for the Climate: The Importance of Emissions Benchmarking
The importance of emissions benchmarking is the focus of the latest episode in the Contracts for the Climate podcast series. The series from The Chancery Lane Project (TCLP) focuses on the built environment and how lawyers can get climate-friendly clauses into contracts. Thomson Reuters has long supported TCLP, which brings legal professionals together to draft …
Law Firm Talent Strategy: Impact of Engagement, Culture, and Compensation
Amid stiff competition for legal talent, culture is king. That’s among the key takeaways from the 2022 Stellar Performance report, which explores how engagement, culture, and compensation shape law firms’ talent strategies. Released yesterday by Thomson Reuters Institute, the report features findings from a survey of nearly 2,500 “stand-out” lawyers in 60 countries, 89% of …
LGBTQ+ Civil Rights: Westlaw Data Reveals Legislation Volume Tripled Since 2018
Legal Current often examines Westlaw data for a historical perspective on legal trends and news. A few years ago, we looked at defining moments in LGBTQ+ civil rights, including key U.S. Supreme Court rulings and legislation. During Pride Month, we again turn to Westlaw for a sense of legal activity on LGBTQ+ civil rights. Westlaw …
ESG Resource Center: Insights for Lawyers Supporting Firm and Client ESG Initiatives
The Thomson Reuters Institute has launched an ESG resource center, offering insights for law firms, corporations, and governments on issues concerning environmental, social, and governance topics. “As the environmental, social and governance (ESG) movement gains momentum, law firms have been positioning themselves to provide ESG advice to their clients while also getting their own houses …
