Already packed up your office and taken up sailing because the robots are going to replace you soon anyways? Not so fast. With all the breathless excitement (and hype) surrounding artificial intelligence or machine learning, it’s easy to lose sight that these are assistive technologies. They help us perform routine tasks faster and better, which …
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Can Midsize Firms Compete with the Largest Firms?
The sheer size of the largest firms is often perceived as an advantage, providing more resources, broader geographical reach and other benefits. The “2019 Report on the State of the Legal Market: A View from the Midsize Firms” from the Thomson Reuters Legal Executive Institute concludes that despite these assumed disadvantages, Midsize firms – those …
Nominations Now Open for the 2019 William L. Norton, Jr. Judicial Excellence Award
The William L. Norton, Jr. Judicial Excellence Award, created by Thomson Reuters and the American Bankruptcy Institute (ABI), recognizes distinguished bankruptcy judges for their service of the insolvency community. Named for former bankruptcy judge and longtime West author William L. Norton, Jr., each year’s award honors a bankruptcy judge whose career has embodied the same …
Law Firm Market Dips in Q4, But Higher For All of 2018 – Peer Monitor Index
The large law firm market pulled back slightly in the fourth quarter, but for the year as a whole, 2018 saw across-the-board improvement in demand, rates and productivity. However, much of the gains were concentrated among the very largest firms. The Thomson Reuters Peer Monitor Economic Index (PMI) dropped seven points to 56 in Q4, …
Manage Risk, Prevent Fraud with CLEAR Risk Inform
Organizations now have a new resource to improve risk-analysis with the launch of Thomson Reuters CLEAR® Risk InformTM, the first risk-scoring solution to bring together analysis and public records with customizable definitions. Developed in collaboration with industry experts in banking, finance, insurance, healthcare, provider enrollment and vendor management organizations, CLEAR Risk Inform allows organizations to …
Lessons from Legalweek
Each year starts off with a bang, as Legaltech, one of the biggest and most-attended legal trade shows, always convenes at the end of the January. Legaltech has evolved into Legalweek, an expanded series of events involving workshops, forums, networking and much more to help people across the legal industry keep up with changes on …
Can Technology Give Firms a Competitive Edge? Dynamic-Static Law Firm Report
Technology is often touted as a game changer, a field-leveler, a way for firms to gain a competitive edge over other firms. Marketing hype aside, is that really the case? The Legal Executive Institute’s Dynamic-Static Law Firm Report looked at Peer Monitor law firm data to see if use of technology helped firms perform better. …
Leadership, Listening to Clients & The Hero’s Journey – Takeaways from the 2019 Marketing Partner Forum
Client expectations, diversity and law firm leadership were just a few of the topics discussed by lawyers, partners, corporate legal officers, legal academics, and legal service innovators at the 26th Annual Law Firm Marketing Partner Forum, which was held this past week. Several sessions involved meeting or exceeding client expectations. Panelists discussed how law firms need …
Alternative Legal Service Provider Use Growing Faster Than Projected
Alternative Legal Service Providers (ALSPs) are rapidly expanding their footprint to the point where nearly 90 percent of large law firms and three-quarters of corporate legal departments are now using them. Those are among the findings of “Alternative Legal Service Providers 2019: Fast Growth, Expanding Use and Increasing Opportunity,” a new comprehensive report from Thomson Reuters …
Precedent Analytics Delivers Deep Analysis of Judges’ Citations Based on Westlaw Attorney Editor-Authored Content
How much time do you spend researching the judge of your upcoming case? Are you looking at what the judge has said on the topic of your case? Do you know what judge or judges they cite often? Do you know if the judge relies upon a certain court when drafting opinions? Westlaw Edge users …