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 …
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Thomson Reuters Builds on Legacy of Innovation with Continued AI Investment
Thomson Reuters has a long history as a leader in leveraging AI and machine learning, with a legacy of innovation that began more than 150 years ago. The company’s early innovations have been foundational in driving ongoing technology advancements, using increasingly sophisticated AI and machine-learning capabilities to improve search and expand analytics through product advances. To …
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 …
Practical Law The Journal: May 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 new 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 May …
Law Firm Business Leaders Report: A Cautiously Optimistic Outlook
Among the 2020 lessons learned in the legal space are the importance of operating a law firm like a business – understanding and anticipating the realities of the market and reacting quickly – and the need for skilled business professionals to effectively manage law firms. The 2020 Law Firm Business Leaders Report from Thomson Reuters …
Small Law Firms Report: Too Much Time Spent on Administrative Tasks Instead of Practicing Law
Most small law firms continue to face challenges acquiring new clients and are spending too much time on administrative tasks, providing opportunities for competitors who are willing to explore innovative new delivery models and productivity-enhancing technologies. These are among the findings of Thomson Reuters 2020 State of U.S. Small Law Firms report, which interviewed more …
Are You Equipped to Answer?
What is the most difficult question asked of a lawyer? Might it be, “Where are we on this matter?” And it doesn’t matter if the question comes from the firm’s partner or the client. It’s not as if you don’t know, but pulling together the insights from the team, how much budget has been …
Can Technology Give Firms a Competitive Edge? Dynamic-Static Law Firm Report
Technology is often touted as a game changer, a field-leveler, a way for firms to gain a competitive edge over other firms. Marketing hype aside, is that really the case? The Legal Executive Institute’s Dynamic-Static Law Firm Report looked at Peer Monitor law firm data to see if use of technology helped firms perform better. …
ABA TechShow Panel: Keeping up with Legal Technology
Legal technology is often misunderstood. To some, it is regarded as the new computing algorithm, as a simple enhancement in process or everything in between. David Curle, director of Market Intelligence for Thomson Reuters Legal, spoke on this topic last week at ABA TECHSHOW 2017 in Chicago. He began with a review of seven ways …
Future of Legal Technology Discussed at Toronto Forum
More than 200 law firm leaders, technologists and academics discussed the future of technology and the legal profession at the Emerging Legal Technology Forum in Toronto on Wednesday. Experts from leading law firms and corporations such as Air Canada and Osler, Hoskins & Harcourt LLP discussed topics including the current state of technologies available to legal practitioners, and …
