The pandemic accelerated efforts to modernize the U.S. court system. Yet ongoing delays, backlogs, and workforce shortages indicate that courts should continue investing in technology to run more efficiently. “But it’s going to take more than Zoom hearings and emailed PDFs to make that so,” Judge Samuel A. Thumma, who serves on the Arizona Court …
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2021 Highlights: Peer Monitor Insights into Law Firm Performance and Recovery
As 2021 comes to a close, Legal Current is looking back at the milestones and key accomplishments from the Legal Professionals business of Thomson Reuters. Today we revisit findings of the quarterly Peer Monitor Economic Index reports through the first three quarters of 2021 and the insights they provided into how law firms are recovering …
Law Firm Business Leaders Report: Talent Wars Are Threatening Law Firm Profitability
Law firm business leaders are optimistic about their outlook but are increasingly concerned about rising competition for talent including how to acquire, retain, and pay staff. These are among the key takeaways of the 2021 Law Firm Business Leaders Report, released today by Thomson Reuters. Legal Current breaks down the report findings on what’s keeping …
Thomson Reuters Peer Monitor Index Hits Record High as Law Firm Profitability Soars
The large law firm market saw a substantial recovery in the second quarter from the economic impact of the last year, with demand for law firm services rising above pre-pandemic levels. With rates remaining high, and many overhead expenses continuing to shrink, the Thomson Reuters Peer Monitor Economic Index (PMI), a composite index of law …
Pandemic Nation: How COVID Affects Career Progression for Women Lawyers and Lawyers of Color
The impact of COVID-19 on women lawyers and lawyers of color is explored in “Pandemic Nation: Understanding Its Impact on Lawyers from Underrepresented Communities,” a white paper released yesterday from the Association of Corporate Counsel Foundation (ACCF), the Association of Law Firm Diversity Professionals (ALFDP) and Thomson Reuters Institute. The white paper examines results of …
Insights from the Thomson Reuters Legal Geek Takeover: COVID-19 – Catalyst for Change
Thomson Reuters recently hosted a Legal Geek takeover, a half day of virtual sessions on legal innovation, technology and trends. Among the highlights was the COVID-19 – Catalyst for Change session hosted by Elizabeth Duffy, senior director of Global Client Services for Thomson Reuters. The session explored how the pandemic has provided opportunities for corporate …
Thomson Reuters Survey Reveals How the Pandemic Is Shaping Legal Education
Law students understand that faculty are doing the best they can in a difficult situation, yet they are concerned about the value of the legal education they are receiving online. This is among the findings of a Thomson Reuters survey, Law Schools and the Global Pandemic, of nearly 3,000 law school students, faculty and administrators. …
