Have you set up a storefront on a metaverse platform yet? Are you feeling FOMO because you missed out on bitcoin and NFTs, and want to make sure you don’t miss out on this latest technology trend? Cynthia Cole of Baker Botts walks us through what the metaverse is all about. To listen, click on …
Information and commentary on the business and practice of law at Thomson Reuters.
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Contract Lifecycle Management Capabilities Among New HighQ Features
New contract lifecycle management (CLM) capabilities in HighQ are helping users leverage automation to strengthen workflow efficiencies, streamline contractual processes, and mitigate risk. Thomson Reuters introduced multiple enhancements to HighQ yesterday to help legal professionals better connect and simplify CLM workflows and gain full visibility across contract portfolios. Legal Current highlights how new HighQ features …
Contracts for the Climate: The Importance of Emissions Benchmarking
The importance of emissions benchmarking is the focus of the latest episode in the Contracts for the Climate podcast series. The series from The Chancery Lane Project (TCLP) focuses on the built environment and how lawyers can get climate-friendly clauses into contracts. Thomson Reuters has long supported TCLP, which brings legal professionals together to draft …
Law Firm Talent Strategy: Impact of Engagement, Culture, and Compensation
Amid stiff competition for legal talent, culture is king. That’s among the key takeaways from the 2022 Stellar Performance report, which explores how engagement, culture, and compensation shape law firms’ talent strategies. Released yesterday by Thomson Reuters Institute, the report features findings from a survey of nearly 2,500 “stand-out” lawyers in 60 countries, 89% of …
LGBTQ+ Civil Rights: Westlaw Data Reveals Legislation Volume Tripled Since 2018
Legal Current often examines Westlaw data for a historical perspective on legal trends and news. A few years ago, we looked at defining moments in LGBTQ+ civil rights, including key U.S. Supreme Court rulings and legislation. During Pride Month, we again turn to Westlaw for a sense of legal activity on LGBTQ+ civil rights. Westlaw …
ESG Resource Center: Insights for Lawyers Supporting Firm and Client ESG Initiatives
The Thomson Reuters Institute has launched an ESG resource center, offering insights for law firms, corporations, and governments on issues concerning environmental, social, and governance topics. “As the environmental, social and governance (ESG) movement gains momentum, law firms have been positioning themselves to provide ESG advice to their clients while also getting their own houses …
“Moments of Delight:” Product Design and Practical Law Dynamic Tool Set
Erica Kitaev, senior director, Product Management, Thomson Reuters, explored what it means to delight customers with Caden Damiano in The Way of Product Design podcast. They discussed how emotion and sentiment can be indicators of product success in the latest episode. Kitaev draws on her experience as a law firm partner to design products for …
Does Money Matter? Reactions to Report on Law Firms and Lawyer Retention
Recruiting and retention initiatives remain top priorities for law firms amid relentless competition for legal talent. Thomson Reuters today updated data that was first provided in the 2022 State of the Legal Market Report, showing that higher compensation or lower workloads, by themselves, are often not enough to keep attorneys from straying and seeking a …
Practical Law Editors Draft Climate Clauses for Finance and Construction Law
Practical Law editors helped The Chancery Lane Project (TCLP) draft and provide peer review for new climate clauses, as well as revise existing clauses and climate drafting resources. Announced yesterday, the new clauses and resources reflect the latest climate science, legislation, and user feedback from TCLP’s global community of 2,500 participants. Ten new clauses focus …
Thomson Reuters and Lerner Publishing Group: Lifting Diverse Voices in Children’s Book Publishing
Thomson Reuters and Lerner Publishing Group are collaborating to raise the voices of diverse authors in children’s book publishing. Announced yesterday, the publishing program will launch in 2023 with a young adult nonfiction book, Reimagining Police: The History and Future of Law Enforcement, by Minnesota educator and civil rights attorney Dr. Artika Tyner. “Thomson Reuters …