As 2019 winds down, Legal Current is revisiting milestones and key accomplishments from the Legal business of Thomson Reuters this year. Today, we look at the impact of the Westlaw Edge Quick Check launch. In July, Westlaw Edge Quick Check became the latest addition to the Westlaw Edge legal research suite. The sophisticated artificial intelligence-based …
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Strength in Large Law Firm Market Lifts Peer Monitor Index
Continued strength in the large law firm market boosted the Thomson Reuters Peer Monitor Index (PMI) in the third quarter. Stronger demand and productivity offset a slight easing in rate growth and a jump in direct expenses. The PMI rose one point to 63. Demand for large law firm services rose 1.9% – the best …
Infographic: Is Litigation Back for Big Law?
Litigation remains the largest single practice law for large law firms, despite a steady decline in demand in recent years. Steady decline, that is, until this year. Litigation is seeing a pickup in demand so far in 2018. What is driving this demand? Is litigation back? Or is it just a temporary blip? This new …
Does Remand of Cases From an MDL Indicate Failure?
The predominant view of mass tort multidistrict litigation (MDL) proceedings, up to now, has been that the sojourn of the cases to the transferee court should end with the resolution of the litigation, most commonly with a national settlement. For the most part, the supervising judge is usually under considerable peer pressure not to send …
Declining Litigation Demand May Be Due to Client Pressure, Latest Data Shows
Litigation demand – long-seen in steady decline over the past several years – may actually be a more complicated issue, with client push-back on billing playing a larger role in falling demand numbers than any actual decline in the number of litigation actions, according to a new report by the Legal Executive Institute and Thomson …
PMI holds steady
The Peer Monitor Economic Index (PMI) was unchanged for the second consecutive quarter, holding steady at 54 in Q2. Slightly higher demand was offset by weak rate growth and falling productivity. Demand for large law firm services rose 0.4% during the second quarter – while it was the sixth consecutive quarterly gain, it was also …
Transactional practices rising, litigation falling
Litigation has traditionally been the largest practice for major firms. But in recent years, litigation practices have been slowly losing ground and transactional practices have risen to compensate. A new report from Peer Monitor finds that corporate, M&A, tax and real estate work has consistently outperformed litigation practices for the past two years. In fact, …
Thomson Reuters creates Solutions suites
In today’s legal market, clients are working with slimmer budgets and have a keener desire to allocate their limited funds prudently. That means messages about uniquely tailored service, cost efficiency and an informed, reasonable preparedness for the outcome of a given matter hold more appeal. In order to be the provider of legal services that …
..Thomson Reuters launches Case Notebook 3.5 and Drafting Assistant – Litigation with Authority Compiler
Thomson Reuters just launched Case Notebook 3.5 and Drafting Assistant – Litigation with Authority Compiler. So what does this mean for you? Well, both new versions come with new tools and functionality so practitioners can efficiently build strong cases. Case Notebook pulls essential case information together in one place, including documents, briefs, transcripts, pleadings, key …
Consortium on Litigation, Information Law & E-Discovery
Three cities. One day. One conference. All connected. In a groundbreaking, cross-continental conference that will take place in three cities on May 1, Thomson Reuters, in conjunction with Electronic Discovery Institute, will host The Consortium on Litigation, Information Law & E-Discovery. This conference will employ Cisco TelePresence technology to seamlessly connect panelists and attendees from …
