Law firms that invest in technology and innovation earn higher revenues. This is among the key takeaways of the 2023 Dynamic Law Firms Report, which examines a 10-year stretch of data to identify the strategies law firms are using to ensure long-term success and growth. The report found that when clients perceive a firm they …
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Thomson Reuters Case Center: Helping Courts Modernize and Improve Access to Justice
The pandemic accelerated efforts to modernize the U.S. court system. Yet ongoing delays, backlogs, and workforce shortages indicate that courts should continue investing in technology to run more efficiently. “But it’s going to take more than Zoom hearings and emailed PDFs to make that so,” Judge Samuel A. Thumma, who serves on the Arizona Court …
How Generative AI Will Change How Legal Professionals Work
The legal industry is both concerned and excited about how generative AI is shaping the way legal professionals work. With Thomson Reuters investing $100 million annually to further integrate AI capabilities into its offerings, the company is making a significant impact on the future of work. Legal Current shares perspectives from Thomson Reuters Legal Professionals …
Thomson Reuters Integrates Generative AI: Reactions from the Legal Industry
Legal industry journalists, bloggers and influencers shared their perspectives on Thomson Reuters incorporating generative AI capabilities across its legal solutions and developing a contract drafting solution with Microsoft 365 Copilot. Legal Current is sharing their reactions to the announcement and this week’s media briefing, where Thomson Reuters Chief Product Officer David Wong highlighted the efforts. …
Thomson Reuters Is Redefining the Future of Work for Legal Professionals with Generative AI
Thomson Reuters today shared a vision to redefine the future of work for legal professionals through generative AI, providing users with more conversational experiences, time savings, intuitive automation, and a significantly improved user experience. In addition to investing more than $100 million annually to further integrate AI capabilities into its offerings, Thomson Reuters is developing …
ChatGPT & Generative AI Within Law Firms: Reactions from the Legal Industry
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 …
May the 4th: Westlaw Data Reveals How Many Lawyers are Star Wars Fans
Legal Current is observing May the 4th – inspired by a pun of the iconic Star Wars phrase, “May the force be with you” – by exploring Westlaw data for insights on the beloved franchise. An examination of Westlaw data across judicial opinions, trademark registrations, and secondary sources shows the impact Star Wars has made …
Thomson Reuters Document Intelligence: Automating M&A Due Diligence Processes
Amid economic uncertainty, law firms and legal departments are focused on operating efficiently and making the most of advanced technologies to control costs and improve productivity. Legal professionals are increasingly turning to artificial intelligence to automate processes and strengthen operational efficiencies. Legal Current looks at how Thomson Reuters Document Intelligence, formerly ThoughtTrace, uses AI to …
International Women’s Day: Perspectives from Thomson Reuters Female Legal and Technology Leaders
In honor of International Women’s Day, Legal Current talked with Thomson Reuters female leaders with roles in the legal and technology spaces to get their perspectives on the progress made in these fields and changes still needed. For context, Thomson Reuters research in Law Firms Competing for Talent in 2022 showed women associates are among …
State of the Legal Market Report: Predicting the Factors That Will Shape 2023
Ahead of the 2023 Report on the State of the Legal Market – the annual report issued jointly by the Center on Ethics and the Legal Profession at Georgetown Law and the Thomson Reuters Institute – Legal Current is looking back at the trends that shaped the industry in 2022. The 2023 report, which Thomson …
