Demand for large law firm services fell 1.4% in the fourth quarter – the third consecutive quarterly decline and the biggest drop since Q1 2013. For the full year, demand fell 0.6% – the first annual decline in demand since 2013. Those are among the key findings from the Thomson Reuters Peer Monitor Economic Index (PMI) report for …
Information and commentary on the business and practice of law at Thomson Reuters.
Articles
Podcast: The Estate Strikes Back – Deceased Stars, Star Wars & Posthumous Rights
On Jan. 26, 1997, many homes across America were tuned-in to Super Bowl XXXI. While much of the game itself may be a blur, most people who watched that night likely remember one image: Hollywood legend Fred Astaire, who had died nearly a decade before, dancing with an electric broom in a vacuum commercial. While …
- February 9, 2017
- Alex Cook
Mitchell & Mitchell on Health Care and the Trump Agenda, Part 2: What Are the Realistic Options for Repeal & Replacement of the ACA?
This is the second post in an ongoing series regarding changes in health care that may take place—and actual changes that do take place—with the new Trump administration. The likely implementation issues to be encountered for both potential and actual changes are described, based on detailed methods of analysis. The emphasis is on what these …
- February 8, 2017
- Alex Cook
Challenges Identified by Small Law Firms – Legal Week NY 2017
The new Legal Small Firm track of LegalWeek New York featured a panel discussion: Challenges Identified by Small Law Firms: How They Threaten Your Success. Mary Juetten, CEO, Traklight & Co-Founder, Evolve Law; Bob Ambrogi, practicing solo attorney, ABA Journal columnist and creator of the LawSites blog; and Bill Josten, Senior Legal Industry Analyst, Thomson Reuters Legal …
- February 1, 2017
- Gretchen DeSutter
Forecast for 2025: Cloud Technologies – LTNY 2017
Cloud technology is changing so quickly that it’s difficult to keep up even from day to day sometimes. What happens when technologists start to visualize where Cloud technologies could take the practice of law in five or even more years down the road? Eric Sugden, CTO of Thomson Reuters Elite and Thomson Reuters Legal chief …
- January 31, 2017
- Leonard Lee
Alternative Legal Service Providers Are About Specialized Expertise, Not Just Costs, Says New Study
The emergence of alternative legal service providers (ALSPs) is having a notable – and growing – impact on the legal market. The implications for law firms and corporations, and where the ALSP market is heading, was the subject of a comprehensive new study of ALSPs that was discussed at a panel today at Legal Tech …
- January 31, 2017
- Leonard Lee
Trainer: TPP a Missed Opportunity for IP Protection & Enforcement
The U.S. is usually a proponent of efforts to raise the standards for the protection and enforcement of IP rights (copyrights, patents, trademarks, designs, trade secrets, etc.). The Trans-Pacific Partnership Agreement includes a strong IP Chapter that received support from a cross-section of industries. It is, therefore, disappointing that the Trump administration has decided to …
- January 25, 2017
- Alex Cook
Geoffrey the Giraffe, Supreme Court & Online Sales Taxes
What do those three things have in common? The U.S. Supreme Court has declined to hear a case this term that could have provided some clarity to the bewildering array on jurisdictions and taxes involved with online sales. Will the move lead to new action by the states or Congress, or the potential for even …
- January 24, 2017
- Leonard Lee
Finding the Right Documents
Finding the right document for a matter can make all the difference. Firm Central users can now find the most relevant documents faster and easier, whether from Westlaw research or their own firm documents. Westlaw Global Search results now include content from Firm Central document folders. A single search by Firm Central customers provides comprehensive results …
- January 23, 2017
- Leonard Lee
Mitchell & Mitchell on Health Care and the Trump Agenda, Part 1: Plans for Change
This is the first post in an ongoing series regarding changes in health care that may take place—and actual changes that do take place—with the new Trump administration. The likely implementation issues to be encountered for both potential and actual changes are described, based on detailed methods of analysis. The emphasis is on what these …
- January 23, 2017
- Alex Cook