“Price is what you pay. Value is what you get” — Warren Buffett Figuring out how to price legal matters is an increasingly complicated balancing act. Firms are under pressure to make sure the rates they charge provide good value for clients in terms of the services provided, while maintaining adequate profit margins for the …
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Your Autonomous Driving Uber is Here – But is the Law Ready for It?
Autonomous ride hailing services are here – sort of. Waymo this year launched a pilot ride hailing service using autonomous driving vehicles, and General Motors plans to test a similar service next year. But with the launch of these services has emerged a new set of legal issues, intensified by the death of a pedestrian …
Strength in Large Law Firm Market Lifts Peer Monitor Index
Continued strength in the large law firm market boosted the Thomson Reuters Peer Monitor Index (PMI) in the third quarter. Stronger demand and productivity offset a slight easing in rate growth and a jump in direct expenses. The PMI rose one point to 63. Demand for large law firm services rose 1.9% – the best …
Delaware Court of Chancery Added to Westlaw Edge
The Court of Chancery has a national reputation and is responsible for developing case law in Delaware on corporate matters. Now, with its dedicated analytics report on the Delaware Court of Chancery, users of Litigation Analytics in Westlaw Edge can easily stay current with the significant amount of business-related litigation taking place in the Delaware …
Insights From the Edge, Episode 5; The Importance of Early Adoption
Insights from the Edge This podcast series brings you the latest legal trends and topics as Insight Attorneys sit down with industry experts to discuss hot legal topics. Explore our latest topics to stay informed. Episode 5: Early Adoption It is easy to talk about adopting technology early, but it can be very difficult to …
Infographic: Is Litigation Back for Big Law?
Litigation remains the largest single practice law for large law firms, despite a steady decline in demand in recent years. Steady decline, that is, until this year. Litigation is seeing a pickup in demand so far in 2018. What is driving this demand? Is litigation back? Or is it just a temporary blip? This new …
Cybersecurity Concerns Rising Among Corporate Legal Departments
Corporate legal departments are increasingly ranking cybersecurity as one of their top concerns. And for many good reasons. The percentage of in-house counsel who report their organization has experienced a security breach has more the doubled in only the last year. Chris Maguire, managing director of the Corporate Legal team at Thomson Reuters discusses the …
Federal Regulations Comparisons Added to Westlaw Edge
Federal regulations change frequently, and keeping up can quickly become a nightmare, as tens of thousands of changes are made every year. A new feature in Westlaw Edge — Regulations Compare — lets users see the most recent changes to a federal regulation and compare any two versions going back to 2005, saving significant time. …
Firm Central Now Handles Small Firm Accounting Too
Small firms are also small businesses and accounting is a critical function. Firm Central has added accounting software, which allows small and solo firms to now manage both their matters and finances all in one place, and eliminates the need for third-party accounting software. Firm Central provides a comprehensive “real-time” picture of the financial health …
Improving Access to Justice in Africa – For Public Consumption podcast
The ongoing commitment of Thomson Reuters to access to justice and the global rule of law manifests through its long-standing support of programs like Books for Africa – a non-profit organization that sends millions of books, computers, e-books and other educational materials to countries throughout Africa. But the work to strengthen and improve the legal …