Complying with growing global regulatory complexity represents the biggest legal threat to businesses, according to the 2023 State of the Corporate Law Department report from the Thomson Reuters Institute. The report found that 28% of global law departments cite frequency and complexity of regulatory changes as the biggest anticipated risk to their business. Legal Current …
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UK Supreme Court Dockets on Westlaw: Five Key Takeaways
Thomson Reuters is providing legal professionals with more comprehensive coverage of UK courts and access to real-time updates, expert editorial case analysis, and content sets unique to Westlaw UK. Available March 22, the addition of UK Supreme Court Dockets on Westlaw will give legal researchers easier access to High Court and Supreme Court proceedings, integrated …
2023 State of the Courts Report: How Quick Check Judicial Helps the U.S. Justice System Operate More Efficiently
The U.S. court system is plagued by delays, backlogs, and workforce shortages. As CJ Lechtenberg, senior director of product management, Westlaw, explains, “Case backlogs became more prevalent with the pandemic and the state of backlogs has not improved in the past three years.” The 2023 State of the Courts Report found that courts should invest in …
International Women’s Day: Perspectives from Thomson Reuters Female Legal and Technology Leaders
In honor of International Women’s Day, Legal Current talked with Thomson Reuters female leaders with roles in the legal and technology spaces to get their perspectives on the progress made in these fields and changes still needed. For context, Thomson Reuters research in Law Firms Competing for Talent in 2022 showed women associates are among …
2023 State of the Courts Report: How Thomson Reuters Case Center Is Reducing Delays and Backlogs
U.S. courts were forced to modernize during the pandemic, but the 2023 State of the Courts Report found that continued investment in digitalization is needed to prevent that progress from eroding. The Thomson Reuters report revealed how the U.S. court system is plagued by delays, backlogs, and workforce shortages – underscoring how further modernization is urgently …
Practical Law The Journal: March 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 March …
Rise of Investor-Backed Law Firms
Various states are exploring new models on who can practice law, new ownership models of law firms, and other paradigm shifts. Arizona changed its alternative business structure to allow non-lawyer ownership and investment in law firms. Scout Law Group is the first such entity to take advantage of the change. Steve German discusses why he …
Thomson Reuters Expands Support of the SALI Open Standard
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 …
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, …
