Is the legal system, at its core, a simple and straightforward system of laws and rules, or a far more complex system encompassing everything from algorithms and mathematical patterns to human behavior at a level more akin to economics? One of the emerging key thinkers in this area, Daniel Martin Katz of the Illinois Institute of …
Information and commentary on the business and practice of law at Thomson Reuters.
Articles
Complete Solution: Beyond Legal Project Management
As the legal industry evolves, few things are certain. The “2019 Report on the State of the Legal Market” said that traditional law firm models have “broken apart” from new competition resulting in “unprecedented levels” of client and talent poaching. The report urges law firms to “jettison some long-held assumptions and … imagine a new …
Smarter Law: transforming busy lawyers into business leaders
Law firms are under pressure from many quarters these days – from clients to demonstrate greater value and cost efficiency, from competitors such as legal process outsourcing, as well as from other law firms. Trevor Faure, head of Smarter Law Solutions and former head of global legal services at EY, says lawyers need to take …
Fighting Counterfeit and Pirated Goods Now A US Federal Law Enforcement Priority
The White House issued a memorandum on April 3, 2019, noting that the consuming public is being subjected to the dangers posed by counterfeit and pirated goods that are imported and placed in the stream of commerce. The memorandum focuses on the role of online third-party marketplaces and third-party intermediaries that facilitate the trade in …
Bigger Than the Final Four? Are You Ready for Some eSports
Forget the Final Four. The biggest action in college sports this week took place when Harrisburg University won the PA Cup, besting 16 other college teams in battles of Overwatch, League of Legends and Hearhstone. Is this what the Final Four is going to look like someday? Never mind basketball or even football, eSports may …
Thomson Reuters Peer Monitor Joins With LawVision to Boost Law Firm Performance
Law firms are under more pressure than ever to develop effective rate strategies. Thomson Reuters and LawVision, a leading legal consulting firm, today announced a joint effort to develop new digital strategies and data-driven metrics powered by Peer Monitor’s leading financial benchmarking data to drive law firm performance and profitability. Peer Monitor’s anonymized industry benchmarking …
Intellectual Property in Trade Agreements and Responsibility
The Trade Subcommittee of the House Ways and Means Committee held a hearing on March 26, 2019, on the topic of Trade and Labor. In his opening remarks, the Subcommittee chairman, Rep. Earl Blumenauer noted, “our serial failure to adequately enforce trade agreements.” Although intellectual property rights (IPR) was not the focal point of the …
Leaders & Laggards: Lack of Action By Small Firms Creating New Opportunities For Some
The challenges of being a solo practitioner or small firm are well known: finding new clients, work-life balance, too much time spent on administrative tasks instead of practicing law. But a new survey suggests that most small firms are not making much headway in addressing these challenges, opening the door for firms that are willing …
Need to Fight Back: Trade in Counterfeit and Pirated Goods Grows
The Organisation for Economic Co-operation and Development (OECD) and the European Union Intellectual Property Office (EUIPO) issued jointly their updated study “Trends in Trade in Counterfeit and Pirated Goods” on March 18. The 2019 study updates a similar study issued in 2016. Neither study examines the trade in counterfeit and pirated goods where the infringing …
Conversation on Preventing Fraud, Waste and Abuse
Government agencies face countless issues ranging from concerned citizens to challenges managing budgets and other resources. The Atlantic Council and Thomson Reuters are hosting a conversation with Inspectors General on their strategies to prevent fraud, waste and abuse. The session, titled “Mission Not Impossible: How Inspectors General Untangle Webs of Deceit,” is open to the …
