Mike Dahn, head of Westlaw Product Management for Thomson Reuters, and Joel Hron, head of AI and Thomson Reuters Labs, recently joined Bob Ambrogi for a conversation on the company’s generative AI strategy. Legal Current listened in to share highlights from their podcast. They started with the impact of last year’s launch of AI-Assisted Research …
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“Embrace the litigators in your lives:” Reactions to the Latest Thomson Reuters Law Firm Financial Index
“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 …
Firms Reconsider How Technology Shapes Productivity as Law Firm Market Returns to Profitability
Law firms showed resilience in 2023, taking advantage of shifts in market demand and aggressively raising rates while exercising restraint in costs, particularly talent costs for associates. This balanced approach of managing for both topline growth and cost controls paid dividends for firms; if they continue to successfully execute on those strategies, the market is …
AI Insights from the 2024 Report on the State of the US Legal Market
AI is transforming every aspect of work across industries, and Thomson Reuters is at the forefront of revolutionizing how legal professionals work. The 2023 launch of AI-Assisted Research on Westlaw Precision was the first in a series of key legal product rollouts integrating generative AI. Later this month, generative AI capabilities will be introduced in …
2024 Predictions from Thomson Reuters Legal Leaders
Most – ok, all – conversations about what to watch for in 2024 turn to predictions on just how disruptive artificial intelligence, particularly generative AI, will be. Thomson Reuters leaders in the legal space shared their insights on what’s in store for 2024. “Natural language interface will become table stakes for many legal software users …
Legal Industry Reaction to AI-Assisted Research on Westlaw Precision and the Thomson Reuters Generative AI Strategy
Thomson Reuters provided legal industry journalists a sneak peek of AI-Assisted Research on Westlaw Precision and introduced a series of additional initiatives, including the new generative AI assistant connecting all Thomson Reuters generative AI products, Thomson Reuters Generative AI Platform, generative AI capabilities in Practical Law, and CoCounsel Core. Legal Current shares perspectives from legal …
Thomson Reuters Launches AI-Assisted Research on Westlaw and Additional Generative AI-Powered Solutions
Thomson Reuters today announced a series of generative AI initiatives designed to transform the legal profession. Headlining these initiatives is AI-Assisted Research on Westlaw Precision. Available now to customers in the United States, this skill helps legal professionals quickly get to answers for complex research questions. This generative AI skill leverages innovation in Casetext, created …
Thomson Reuters Announces HighQ-Dealcloser Partnership at Legal Geek
A highlight of today’s Legal Geek conference included a Thomson Reuters session about a new HighQ partnership with Dealcloser, a transaction management platform. Elena Folkes, director of Market Development, Thomson Reuters; Geetha Mashetty, product lead, Transaction Management, Thomson Reuters; and Jag Dhariwal, CEO, Dealcloser, shared what the partnership means for legal professionals in the Legal …
Legal Departments See Higher Matter Volumes but Flat or Declining Budgets
Legal departments are prioritizing workflow efficiency, cost controls, and technology use. These are among the findings of the 2023 Legal Department Operations Index, which noted legal departments are facing growing workloads, shrinking budgets, and a need to increase their use of technology. Legal Current shares top takeaways from the report. Legal departments are under pressure …
Practical Law The Journal: September 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 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 September issue. …
