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State of the U.S. Small Law Firms

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 …

  • December 13, 2019
  • Carrie Brooker

Small Law Firms Struggle to Generate Billable Hours

Small and solo law firms said that only 60 percent of their day is spent practicing law, according to findings of the 2019 State of U.S. Small Law Firms Report. The remainder of their time is devoted to managing their practice. With more than one-third of their time consumed by challenges such as acquiring new …

  • June 6, 2019
  • Carrie Brooker

Leaders & Laggards: Lack of Action By Small Firms Creating New Opportunities For Some

The challenges of being a solo practitioner or small firm are well known: finding new clients, work-life balance, too much time spent on administrative tasks instead of practicing law.  But a new survey suggests that most small firms are not making much headway in addressing these challenges, opening the door for firms that are willing …

  • March 25, 2019
  • Leonard Lee

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Thomson Reuters Risk & Fraud Solutions

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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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