With the year winding down, Legal Current is revisiting 2020 milestones and key accomplishments from the Legal business of Thomson Reuters. Today we look at the challenges facing small law firms and the Thomson Reuters 2020 State of U.S. Small Law Firms report, which highlighted some of the strategies firms are using to overcome them. The report …
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Mark Haddad
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 …
Encouraging small law firms to embrace new technologies and AI
Legaltech news recently explored findings of the American Bar Association’s Legal Technology Survey Report, which showed hesitancy – particularly among smaller firms – to adopt artificial intelligence (AI) tools. Accuracy and reliability were survey respondents’ top two concerns around AI. Their reluctance to embrace new technologies may be understandable. New tools can be intimidating, especially …
Corporate Legal Department Operations Forum 2017 – Insights from Mark Haddad
Corporate legal departments continue to face pressure surrounding budgets, bandwidth and efficient processes. A panel focusing on that at the Thomson Reuters Corporate Legal Department Operations Forum gathered to discuss the ideas of how to become less of a cost center, a better business partner, leveraging alternative legal service providers and more. Mark Haddad, head …
In-house attorneys confident in use of technology, unclear on implementation of AI
A new Thomson Reuters report, Ready or Not: Artificial Intelligence and Corporate Legal Departments, highlights legal departments’ view of technology and artificial intelligence (AI). According to the report, two-thirds of in-house attorneys are confident and ready to try new technology. The report measures the perceptions of more than 200 in-house attorneys regarding their use of …