Nearly 100% of lawyers say their work provides them with a significant sense of professional purpose. That’s among the key takeaways from Finding purpose and having a social impact: Lawyers and tax professionals speak out, a new survey from Thomson Reuters. The survey asked thousands of attorneys – those in law firms and in-house …
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2021 Highlights: Can Law Firms Retain Talent in a Cooling Legal Market?
With the year winding down, Legal Current is looking back at the milestones and key accomplishments from the Legal Professionals business of Thomson Reuters. Today we highlight a recent episode of Law.com’s Legal Speak podcast that featured ALM Business of Law Reporter Andrew Maloney talking with Bill Josten, manager of enterprise content for Thomson Reuters. …
Moving Matters Forward in a Meaningful Way
When I visit law firms and talk with lawyers, I hear a lot about how they are struggling with transformation – on pricing, collaborating with clients, budgeting and managing work. Often, the client collaboration piece is especially tough. A seemingly straightforward question from a client, “Where are we on this matter?” can derail an attorney’s …
Transforming Busy Lawyers Into Business Leaders
Trevor Faure has seen more than his share of the transformation of legal services, as former general counsel and leader of Legal Services at EY Global, and before that, at organizations including Apple, Dell and Tyco International at times when they were undergoing dramatic, and often difficult changes. “Smarter Law: Transforming Busy Lawyers Into Business …
Law Firm Reputation in the KYC Age
My wife hates shopping. But with three active kids, a dog and an absent-minded husband, it’s necessary. To make her life a bit more convenient, she spends time finding ways to shop online. It’s hard to deny the convenience. But more important, it enables her to research and read reviews. I will often see her …
2018 Legal Executive Forum: Law Firm Demographics and the Talent Landscape
With its broader theme of “Culture, Client Service & Law Firm Talent Transformation,” the 2018 Legal Executive Institute Forum featured a panel discussion with “Gen X” law firm executives on the opportunities and challenges of leading firms during a period of major economic and cultural change. The panel’s moderator, Cristina A. Carvalho, managing partner at Arent Fox …
2018 Legal Executive Forum: Shining a Light on Law Firm Profitability
The 2018 Legal Executive Forum kicked off with a presentation by Dr. Evan Parker, who explored the use of statistical models to illuminate a law firm’s profitability drivers and differentiators. Parker, managing director of Analytics & Research, LawyerMetrix, provided specific examples for how his company uses data science to help its clients set their “profitability …
The Verdict Is In: “Smart Collaboration” in Law Firms Paves Way for Success
As early as law school orientation, budding attorneys get their first taste of working in siloes. Don’t share notes, keep your outlines to yourself – sound familiar? However, research from Harvard Law School’s Center on the Legal Profession suggests there’s a better way to achieve success in the legal field. In her book entitled Smart …
The State of Cybersecurity and the Law Firm
Legal Current caught up with Tim Murphy, president, Thomson Reuters Special Services, LLC and former deputy director, Federal Bureau of Investigations, following his panel session at the 7th Annual Law Firm CFO/CIO/COO Forum, held last week in New York. Tim’s panel, A Rumor of War: Regulation, Revelations & the State of Cybersecurity in 2017, focused …
