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 …
Information and commentary on the business and practice of law at Thomson Reuters.
Articles
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 …
- April 5, 2019
- Jeff McCoy
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 …
- April 5, 2019
- Leonard Lee
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 …
- April 2, 2019
- Leonard Lee
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 …
- March 29, 2019
- Jeff McCoy
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 …
- March 25, 2019
- Leonard Lee
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 …
- March 19, 2019
- Jeff McCoy
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 …
- March 18, 2019
- Jeff McCoy
Celebrating the 1,000th Edition of Revista dos Tribunais
Congratulations to Revista dos Tribunais, which recently published its 1,000th edition and commemorated the milestone with articles by some of the most prominent lawyers of Brazil. Acquired by Thomson Reuters in 2010, Revista dos Tribunais is a monthly publication with articles on current legal trends and discussions. Based on a promise to “always bring reliable …
- March 18, 2019
- Jeff McCoy
Improving the Impact of Corporate Legal Departments: 2019 State of the Corporate Legal Dept. Report
It’s time for corporate legal departments to focus on the value they provide to their organizations, not just cost savings. That’s among the findings of the “State of the Corporate Legal Department 2019,” published by Thomson Reuters Legal Executive Institute, the International Bar Association (IBA), the Corporate Legal Operations Consortium (CLOC), and Acritas. As corporate legal …
- March 14, 2019
- Leonard Lee