While large law firms saw the strongest rate growth in several years in the first quarter, demand growth was flat and productivity fell. The combination dropped the Thomson Reuters Peer Monitor Economic Index (PMI) by six points to 50. Demand for large law firm services slipped 0.1%, however, that was largely a result of weakness …
Information and commentary on the business and practice of law at Thomson Reuters.
Articles
Positioning Your Law Department to Stand Out
Today’s corporations need their law departments to provide legal support that enable them to maximize their competitive advantage, while simultaneously safeguarding against unnecessary risk. As in-house counsel contend with complex issues such as data privacy and regulatory compliance, they also need new approaches, such as effective project management and greater collaboration between in-house teams, outside …
- May 13, 2019
- Carrie Brooker
Judge Lourdes Ventura Receives 2019 Liberty Achievement Award
Last week I had the honor of introducing the 11th annual Liberty Achievement Award winner, Judge Lourdes Ventura, at the American Bar Association Tort Trial and Insurance Practice Section (TIPS) Section Conference in New York. The annual award is bestowed by the TIPS committee – in partnership with Thomson Reuters – to lawyers and judges …
- May 9, 2019
- Carrie Brooker
Marketing Partner Forum: Insights for Legal Leaders, From Legal Leaders
“The legal industry has moved away from a time of calling for great change but not really changing.” This is how Mike Abbott, global lead of Enterprise Thought Leadership & Content Strategy at Thomson Reuters, characterized the legal space in his opening address at the most recent Marketing Partner Forum. “Today’s most successful law firms are …
- May 8, 2019
- Carrie Brooker
Reuters Reporters Freed After 500+ Days in Myanmar Jail
Read the coverage and view the impactful slideshow from Reuters highlighting the release of Wa Lone and Kyaw Soe Oo. Additional coverage includes: Reuters TV Key Facts Journalist Reactions And the story that led to their being arrested
- May 7, 2019
- Jeff McCoy
Are You Equipped to Answer?
What is the most difficult question asked of a lawyer? Might it be, “Where are we on this matter?” And it doesn’t matter if the question comes from the firm’s partner or the client. It’s not as if you don’t know, but pulling together the insights from the team, how much budget has been …
- May 2, 2019
- Jeff McCoy
Special Podcast Series: Prof. Arthur Miller on Federal Practice & Procedure Today – Episode 1: Building the Wright & Miller Treatise
This year marks the 50th anniversary of the first publication of Wright & Miller’s Federal Practice & Procedure, one of the most respected and enduring legal treatises. The treatise has been cited by federal courts over 90,000 times, according to Westlaw estimates, and by the United States Supreme Court every year since 1973. In honor …
- April 30, 2019
- Leonard Lee
Will AI Lead To The Legal Singularity???
The law is sometimes presented as a monolithic construct. Fixed and (relatively) immovable. “The Rule of Law.” “The Letter of the Law,” and so forth. But like any man-made construct, it is made and managed by people. And the result is countless variations in interpretation and application of the law. Is Artificial Intelligence about to …
- April 25, 2019
- Leonard Lee
Can Your Legal Workflow Benefit From Innovation?
How many different technology systems does your firm use? Five? Ten? More? One AmLaw 200 firm conducted a recent audit and discovered more than 200 distinct systems in use. This could be easy to dismiss this as the inevitable result of the complex work law firms perform. The legal workflow landscape is often comprised of …
- April 23, 2019
- Jeff McCoy
So You Think You Can Carlton Dance? Not So Fast!
Know how to bust some sweet dance moves? You might want to find a good attorney. Epic Games, maker of Fortnite and NBA 2K has put the Carlton Dance into some of its video games, and the actor who portrayed Carlton on The Fresh Prince, Alfonso Ribeiro, is suing, saying Epic Games is unfairly profiting …
- April 15, 2019
- Leonard Lee