Thomson Reuters today announced a series of generative AI initiatives designed to transform the legal profession. Headlining these initiatives is AI-Assisted Research on Westlaw Precision. Available now to customers in the United States, this skill helps legal professionals quickly get to answers for complex research questions. This generative AI skill leverages innovation in Casetext, created …
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Legal Departments See Higher Matter Volumes but Flat or Declining Budgets
Legal departments are prioritizing workflow efficiency, cost controls, and technology use. These are among the findings of the 2023 Legal Department Operations Index, which noted legal departments are facing growing workloads, shrinking budgets, and a need to increase their use of technology. Legal Current shares top takeaways from the report. Legal departments are under pressure …
- September 21, 2023
- Carrie Brooker
Practical Law The Journal: September Issue Out Now
Practical Law The Journal is the award-winning magazine companion to Practical Law, covering a wide range of transactional, regulatory, and litigation topics. It publishes monthly in a digital-only format hosted on Reuters.com. Legal Current reached out to the Practical Law The Journal team to discuss what readers can look forward to in the September issue. …
- September 11, 2023
- Carrie Brooker
Future of Professionals Report: Legal Professionals’ Optimism and Wariness Around AI
Our Future of Professionals Report reflects our history of partnering with legal professionals and our commitment to applying innovative technology that helps our customers better serve their clients. The report surveyed more than 1,200 professionals in legal, tax and accounting, global trade, and risk and compliance industries. Legal professionals’ perspectives in the report are what …
- September 5, 2023
- Carrie Brooker
ILTACON Takeaways from Thomson Reuters: “Everything Began and Ended with Generative AI”
ILTACON seemed back this year,” said Zach Warren, manager, Enterprise Content for Technology and Innovation, Thomson Reuters Institute. “While attendance may not have been exactly at pre-COVID levels, it was darn close, and the energy felt the same.” With more than 3,400 registrants, as Steve Embry noted on TechLaw Crossroads, it was the second most-attended …
- August 30, 2023
- Carrie Brooker
Thomson Reuters Future of Professionals Report: Top Takeaways for the Legal Market
Improving productivity, driving law firm profitability, and providing high-quality advice to clients are among the top motivators for legal professionals to embrace AI, including generative AI. These are among the findings of the Future of Professionals Report, which surveyed more than 1,200 professionals in legal, tax and accounting, global trade, and risk and compliance industries. …
- August 22, 2023
- Carrie Brooker
Thomson Reuters Completes Acquisition of Casetext, Inc.
Thomson Reuters announced today that it has closed on its previously announced acquisition of Casetext, Inc., a provider of technology for legal professionals, for a purchase price of $650 million in cash. Founded in 2013, Casetext uses advanced AI and machine learning to build technology for legal professionals, creating solutions that help them work more efficiently and …
- August 17, 2023
- Carrie Brooker
Generative AI Insights from Joel Hron: How Thomson Reuters Will Deliver Trustworthy Results
Joel Hron, vice president of Technology, was among the presenters at the webinar Thomson Reuters hosted in June to offer sneak peeks of the generative AI capabilities in Westlaw, Practical Law, Legal Drafting tools, and the plugin with Microsoft 365 Copilot. More than 150 attendees submitted questions during the webinar. Today, Hron provides the second piece in …
- August 16, 2023
- Carrie Brooker
ChatGPT and Generative AI in Legal, Corporate & Tax Markets: Key Takeaways
New Thomson Reuters research uncovered a mix of optimism and caution in the adoption of generative AI among legal, tax, and accounting firms in the United States, UK, and Canada. ChatGPT and Generative AI in Legal, Corporate & Tax Markets further expands on findings released in the ChatGPT & Generative AI within Law Firms report, …
- June 21, 2023
- Carrie Brooker
Generative AI in Action: Product Demos for Thomson Reuters Suite of Legal Solutions
Leaders from the Thomson Reuters Legal Professionals business hosted a webinar with product demos to show how generative AI will be integrated across the legal product suite. The sneak peeks included Westlaw Precision, Practical Law, and Legal Drafting tools. Legal Current is sharing highlights of the session, where Paul Fischer, president of Legal Professionals; Mike Dahn, head …
- June 15, 2023
- Carrie Brooker