Midsize firms are seeing a resurgence in demand growth by positioning themselves as strategic alternatives to larger firms. That’s among the findings of the 2022 Report on the State of the Midsize Legal Market from the Thomson Reuters Institute. Legal Current shares top takeaways from the report, which found competitive rates and cost structure are …
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Australian Law Firms Continue to Grow and Outperform Global Counterparts
Despite challenging conditions, Australian law firms continue to grow and outperform their global counterparts. These are among the findings of the 2022 Australia: State of the Legal Market Report, released today by the Thomson Reuters Institute. The report found Australian law firms performed so well in fiscal year (FY) 2022 that the market may serve …
ILTACON 2022: What Legal Professionals Need to Know About Blockchains
A highlight of Day One of ILTACON included the session Blockchain – Are You Prepared for DeFi, NFTs, and DAOs? with Joe Raczynski, manager, Technical Innovation Services. The session provided a blockchain overview and explored cryptocurrencies, smart contracts, decentralized finance, and non-fungible tokens (NFTs). Legal Current had the opportunity to talk with Raczynski after his …
Thomson Reuters Celebrates 150 Years: Three Essentials for Customer Partnership and Innovation
As Thomson Reuters commemorates a century and a half of partnering with and innovating for legal professionals, Legal Current explores the legacy John B. West bestowed on the company. When John B. West Publisher and Book Seller was founded in 1872, it marked the first iteration of what later become West Publishing Company, and eventually, …
Thomson Reuters Celebrates 150 Years: 10 Recent Innovation Milestones
Thomson Reuters is marking a century and a half of customer partnership and innovation since the founding of John B. West Publisher and Book Seller in 1872. After revisiting the company’s innovation milestones from 1872 to 1998, today Legal Current features innovative highlights from 2000 to the present. 2000 – Westlaw UK launch marks globalization of …
ILTACON 2022: Join Thomson Reuters for Successful Strategies for Transforming the Legal Industry
ILTACON – the International Legal Technology Association’s annual conference – kicks off on Aug. 21, and Thomson Reuters will join industry experts and the legal community in National Harbor, Md., for peer-driven programs, educational content, and networking activities. The conference is an opportunity for attendees to collaborate on successful legal operation strategies for today’s transforming …
Thomson Reuters Law Firm Financial Index: Technology Shines as a Growth Area
Despite gloomy headlines about the Thomson Reuters Q2 2022 Law Firm Financial Index, released earlier this week, the report findings saw “[a]reas of growth shine through,” including technology spending, as the Thomson Reuters Institute and others noted. The tech spending uptick was highlighted in Reuters Legal by reporter Karen Sloan: “Technology spending was also up …
Fourth Consecutive Quarter of Decline for Thomson Reuters Law Firm Financial Index
Law firm profitability continues to slide due to an inevitable cooling off in demand and a rebound in expenses, according to findings of the Q2 2022 Law Firm Financial Index, released today by Thomson Reuters. Powered by Peer Monitor/Financial Insights, the index fell for a fourth consecutive quarter – the longest such slide in its …
Contract Lifecycle Management Capabilities Among New HighQ Features
New contract lifecycle management (CLM) capabilities in HighQ are helping users leverage automation to strengthen workflow efficiencies, streamline contractual processes, and mitigate risk. Thomson Reuters introduced multiple enhancements to HighQ yesterday to help legal professionals better connect and simplify CLM workflows and gain full visibility across contract portfolios. Legal Current highlights how new HighQ features …
“Moments of Delight:” Product Design and Practical Law Dynamic Tool Set
Erica Kitaev, senior director, Product Management, Thomson Reuters, explored what it means to delight customers with Caden Damiano in The Way of Product Design podcast. They discussed how emotion and sentiment can be indicators of product success in the latest episode. Kitaev draws on her experience as a law firm partner to design products for …
