“Embrace the litigators in your lives” may sound like a Valentine’s Day lawyer meme, but it was Joe Patrice’s takeaway from the Q4 2023 Thomson Reuters Law Firm Financial Index. Journalists’ and bloggers’ coverage of the report, released last week, emphasized how law firms’ profits rebounded in 2023, driven by rate growth and stronger demand …
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Legal Dive
ChatGPT and Generative AI in Law Firms: Top Takeaways
Everyone is talking about ChatGPT and generative AI, but are legal professionals actually using them? ChatGPT & Generative AI within Law Firms, a new report from Thomson Reuters, examines legal professionals’ attitudes towards these emerging technologies. Based on surveys conducted in March of law firms in the United States, UK, and Canada, the report measures …
- April 25, 2023
- Carrie Brooker
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 …
- February 9, 2023
- Carrie Brooker
Westlaw Precision: Behind the Scenes with Product Developers
After two years in the making, Westlaw Precision is earning positive reviews, including from Legal Dive’s Lyle Moran: “Westlaw Precision features a variety of new features to help attorneys vastly improve their legal research efforts.” The new version of Westlaw dramatically improves research speed and quality by enabling legal professionals to target precisely what they …
- October 3, 2022
- Carrie Brooker