Globally, the legal industry has been hit hard by the uncertainty and upheaval of the COVID-19 pandemic, and mainland Europe was not an exception. Corporations across Europe contended with the impact of the pandemic alongside fallout from the UK’s exit from the European Union, yet the 2021 State of the Legal Market in Europe report …
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Legal Tech
ILTACON Insights: AI-Driven Innovation in Legal Tech
A standout on Day Three of ILTACON was the master class session Artificial Intelligence: The Next Horizon Is Upon Us, Now What? with Johannes Schleith, lead designer, Thomson Reuters, and Borna Jafarpour, senior research scientist, Thomson Reuters. The session explored AI-driven innovation in legal tech, including the key principles and ideas behind it. Legal Current …
Thomson Reuters Peer Monitor Index Hits Record High as Law Firm Profitability Soars
The large law firm market saw a substantial recovery in the second quarter from the economic impact of the last year, with demand for law firm services rising above pre-pandemic levels. With rates remaining high, and many overhead expenses continuing to shrink, the Thomson Reuters Peer Monitor Economic Index (PMI), a composite index of law …
Insights from the Thomson Reuters Legal Geek Takeover: Contract Review and Machine Learning
Thomson Reuters recently hosted a Legal Geek takeover, a half day of virtual sessions on legal innovation, technology and trends. A highlight of the event was the Contract Review: Themes in Machine Learning session hosted by a Thomson Reuters team of Carolyn Bussey, senior user researcher; Steve Fullerton, software product manager; Masoud Makrehchi, director of …
#ACCAM20: Ethical Implications of Legal Tech and Social Media
Competence. Confidentiality. Integrity. What do these ethical duties have to do with legal technology and social media? More than in-house counsel may realize. Professional responsibility rules in most states require attorneys to stay up to date on relevant technology. More and more, in-house counsel cannot ethically represent companies without understanding how to leverage these technologies and how they impact a client’s day-to-day business. But what …
Legal Department Operations Index Reveals Staffing, Technology Changes Due to COVID-19
Findings of the latest Thomson Reuters Legal Department Operations (LDO) Index reveal 81% of legal departments surveyed have dedicated legal operations staff, up from 57%. It’s the first time the survey – now in its fifth edition – has seen a significant shift in how legal departments are operating. The report showed legal departments’ use of …
Cybersecurity, Privacy and Data Protection – Legal Challenges in the Digital Age
LegalTech New York 2015 kicked off today with a panel on “Cybersecurity, Privacy and Data Protection Legal Challenges in the Digital Age.” Erin Harrison, the incoming editor-in-chief of ALM’s Legaltech News, moderated a panel of privacy and security experts from some of the most visible companies out there: Eran Feigenbaum, director of security, Google Apps, Google …
The buzz at LegalTech New York
This post was written by Patrick Hurley, vice president of Global Implementation at Thomson Reuters I’ve been coming to LegalTech New York (LTNY) for more years than I care to count, and every year there is some overriding theme that permeates the exhibition floor conversations. Often it’s the Super Bowl…well, unless you’re a Seahawks fan or a …
Susan Taylor Martin: Welcome to LegalTech New York
Tomorrow marks the start of LegalTech New York, one of the largest and most important legal technology events of the year. In this short video clip, Susan Taylor Martin, president of the Legal business of Thomson Reuters, gives a warm welcome to those attending. Check back often this week for coverage of the event!