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Legal Current

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Mike Abbott

Webinar Will Offer In-Depth Look at Findings of Report on the State of the Legal Market

The legal industry’s intense talent war is driving up costs for firms, but the uptick in compensation isn’t decreasing record-high attorney turnover rates. Join Thomson Reuters and the Center on Ethics and the Legal Profession at Georgetown Law for an in-depth look at this and other findings of the 2022 Report on the State of …

  • February 17, 2022
  • Carrie Brooker

Thomson Reuters Peer Monitor Index: Talent Wars Are a Drag on Law Firm Performance

The large law firm market continues its strong recovery – with high marks for demand, rates, and productivity – but the intensifying war for talent is a growing drag on law firm performance, according to the Thomson Reuters Peer Monitor Economic Index (PMI), released today. The third-quarter 2021 PMI, a composite index of law firm …

  • November 8, 2021
  • Carrie Brooker

Discussing the Outlook for the Legal Industry

The legal industry continues to rebound from the effects of the pandemic, but much uncertainty still remains. The Thomson Reuters Peer Monitor Index hit a record high in the second quarter as demand returned to pre-pandemic levels or higher, and law firm profitability soared.  But questions about the direction of the economy and global trade …

  • October 7, 2021
  • Leonard Lee

Thomson Reuters State of the UK Legal Market 2021: Client Relationships Are Critical

While a firm’s reputation for quality and technical expertise still matter, clients are increasingly looking for law firms willing to invest in building long-term trusted relationships and a deep understanding of their business operations. At the same time, the ongoing disruptions in the legal market are resulting in renewed pricing and competitive pressures. These are …

  • April 15, 2021
  • Carrie Brooker

Drop in Demand for Law Firm Services Moderates in the Third Quarter: Peer Monitor Index

For many American law firms, the second quarter was an abrupt shock to the system. Yet it also provided ample time to chart a path forward, and firms did just that in the third quarter. The decline in demand for law firm services moderated in the third quarter as rates rose and firms took steps …

  • November 9, 2020
  • Carrie Brooker

2019 Highlights: HighQ and Acritas Join Thomson Reuters

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 two important acquisitions: HighQ and Acritas. HighQ, which offers a secure, cloud-based platform for business collaboration, workflow automation and client engagement, joined Thomson Reuters in July. When the deal was …

  • December 20, 2019
  • Carrie Brooker

Thomson Reuters Acquires Acritas

Thomson Reuters has acquired Acritas, a market analysis, research and advisory services business serving the global legal market. Thomson Reuters has worked extensively with Acritas and we have much in common – most notably a shared passion and commitment to deliver market insights and industry-leading thought leadership that benefits our clients. “We are excited to …

  • November 8, 2019
  • Jeff McCoy

#AALL19: Fostering the NextGen Library Professional

“As client needs, expectations and behaviors are changing, we are seeing many firms adopt highly innovative approaches to drive greater efficiency, predictability and cost-effectiveness. Clients have more choices than ever for meeting their legal needs, and leading firms are now tailoring their strategies and delivery models to provide legal services in the manner that most effectively …

  • June 26, 2019
  • Jeff McCoy

#AALL 2019: Q&A with Mike Abbott, Thomson Reuters

The nation’s capital will serve as host to the 2019 American Association of Law Libraries (AALL) annual meeting and conference, where legal information professionals from across the world will gather. Thomson Reuters is proud to continue its involvement and sponsorship of AALL, the annual meeting and the numerous local and regional chapters. Legal Current recently …

  • June 20, 2019
  • Jeff McCoy

Positioning Your Law Department to Stand Out

Today’s corporations need their law departments to provide legal support that enable them to maximize their competitive advantage, while simultaneously safeguarding against unnecessary risk. As in-house counsel contend with complex issues such as data privacy and regulatory compliance, they also need new approaches, such as effective project management and greater collaboration between in-house teams, outside …

  • May 13, 2019
  • Carrie Brooker
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Stop the Great Resignation: Strategies to Minimize Law Firm Turnover

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Thomson Reuters Risk & Fraud Solutions

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Press Releases

Anti-Money Laundering Compliance Leaders Addressing New Requirements with Technology, Staff
MINNEAPOLIS-ST. PAUL, October 24, 2018 – The commencement of anti-money laundering (AML) requirements for financial institutions issued in May 2018 has caused increasing numbers of firms to shift their... Read more ...
Oct 24, 2018
Thomson Reuters Unveils New Legal Research Platform with Advanced AI: Westlaw Edge
MINNEAPOLIS-ST. PAUL, July 12, 2018 – Thomson Reuters today introduced Westlaw Edge, the latest advancement in legal research, providing legal professionals with the next generation of AI-driven legal search,... Read more ...
Jul 12, 2018
Thomson Reuters Legal Tracker LDO Index Notes Budget Squeeze, Prioritization of Cost Controls and Technology
Report details focus on legal operations, workload increase EAGAN, Minn. June 25, 2018 – For many corporate legal departments, budgets are not keeping up with the growing volume of... Read more ...
Jun 25, 2018

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