Legal professionals’ perspectives on generative AI runs the gamut from concerns about threats to jobs and how often the technology “hallucinates” to excitement to apply it to legal work. These are among the findings of the ChatGPT & Generative AI within Law Firms report, released last month by Thomson Reuters. Based on surveys conducted of …
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Above the Law
Alternative Legal Services Providers 2023 Report: Reactions from the Legal Industry
“ALSPs have a greased runway to start soaking up business.” That’s among the reactions – this one from Above the Law’s Joe Patrice – to findings of the Alternative Legal Services Providers 2023 Report, released last week by the Thomson Reuters Institute; the Center on Ethics and the Legal Profession at Georgetown Law; and the …
2022 Highlights: Law Firm Financial Index Reports Highlight Trends in Law Firm Profitability
Legal Current’s year-in-review series looks back at 2022 milestones for the Legal Professionals business. Today we revisit the quarterly Law Firm Financial Index (LFFI) reports from the Thomson Reuters Institute. LFFI is a composite index of law firm market performance using real-time data drawn from major law firms in the United States and key international …
2022 Highlights: The Importance of Cash and Culture in Lawyer Retention
With 2022 winding down, Legal Current is reflecting on the Legal Professionals business’s milestones from the year. Today we look at the Law Firms Competing for Talent in 2022: Will Lawyers Stay or Will They Go? report – and what a difference a few months makes. When the legal industry was buzzing about lawyer retention and …
Westlaw Precision: Expanded KeyCite Functionality and a New Striped Flag
“This is legal nerd stuff, but Westlaw has a new KeyCite flag between Yellow and Red and it’s exciting.” Above the Law Editor Joe Patrice’s tweet about KeyCite Overruled in Part fueled some of the buzz over the new features in Westlaw Precision. Legal Current is taking a closer look at the six new research …
Reactions to the 2022 Report on the State of the Legal Market
Last week, Legal Current shared the five key takeaways from the 2022 Report on the State of the Legal Market, which explored why law firms can’t just keep throwing money at the growing talent war. Today, we highlight takes from journalists, bloggers and industry influencers on the report findings. Many focused on the industry’s retention …
2021 Highlights: Law Firm Talents Wars
As 2021 winds down, Legal Current is looking back at the milestones and key accomplishments from the Legal Professionals business of Thomson Reuters. Today we look at three recent thought-leadership reports that provided insights into how law firms are handling the rising competition for talent: the 2021 Law Firm Business Leaders Report, the Q3 2021 …
2021 Highlights: Practical Law Dynamic Tool Set
As 2021 winds down, Legal Current is looking back at the milestones and key accomplishments from the Legal Professionals business of Thomson Reuters. Today we highlight the launch of Practical Law Dynamic Tool Set, which Thomson Reuters introduced in July. The tool set includes features in Practical Law that use AI and dynamic graphical navigation …
2021 Highlights: Peer Monitor Insights into Law Firm Performance and Recovery
As 2021 comes to a close, Legal Current is looking back at the milestones and key accomplishments from the Legal Professionals business of Thomson Reuters. Today we revisit findings of the quarterly Peer Monitor Economic Index reports through the first three quarters of 2021 and the insights they provided into how law firms are recovering …
Practical Law Dynamic Tool Set Wins “Legal Research Innovation of the Year” Award
Yesterday Practical Law Dynamic Tool Set was announced as a 2021 LegalTech Breakthrough Award winner in the “Legal Research Innovation of the Year” category. The award recognizes standout legal technology companies, products and services around the globe. LegalTech Breakthrough’s international annual awards program, which attracted more than 1,300 nominations from more than 12 countries this …
