Thomson Reuters Shines in The National Law Journal & Corporate Counsel 2020 “Best Of” Surveys Thomson Reuters products and services earned accolades in multiple categories in The National Law Journal and Corporate Counsel 2020 “Best Of” surveys. The publications’ readers honored Thomson Reuters offerings for both Legal and Corporate customers. Below is the recognition from …
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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 hiring and focus of compliance staff toward more efficient customer due diligence (CDD) practices, rather than addressing and managing regulatory change. That’s one of several key …
“Gritting” Through Your Imposter Syndrome
The lack of women-led or owned law firms both in the U.S. and globally is a well-recognized problem. According to McKinsey & Company’s inaugural Women in Law Firms study, only 19 percent of equity partners are women, and women are 29 percent less likely to reach the first level of partnership than men. Another survey …
Government Legal Departments Willing to Embrace AI and Technology
Despite challenging workloads and tightening resources, government law departments see promise in technology advancements, according to a Thomson Reuters survey of 218 government attorneys serving state, city and county jurisdictions nationwide. Of those surveyed, nearly half (48%) of government attorneys believe artificial intelligence (AI) is useful for task automation, and 25 percent said they believe …
CLOC 2018: Legal Operations Key to the Modern Law Department
The role of the modern legal department has changed dramatically. Corporate law departments are no longer being viewed as a cost center that reacts to legal needs and requests from the organization, but are pro-active in working to support business goals and add value to the organization leading to substantial changes in the role of …
Trends impacting the data privacy environment
The data privacy landscape is shifting more quickly than ever before. At Thomson Reuters, we interact closely with our customers every day – whether it’s through research support, building technology solutions or discussing trends the legal market and individual customer groups are facing. Every day, we work to help our customers find the answers they …
Thomson Reuters report highlights diverse issues, loss of institutional knowledge facing government legal departments
Government attorneys face daunting workloads, tight budgets and pressure to keep current on increasingly complex laws and regulations at a time when a generation of institutional knowledge is leaving as Baby Boomer-era employees retire. That’s according to a Thomson Reuters survey across federal, state and city/county levels with 238 government attorneys responding. “Government attorneys face …
Alternative Legal Service Providers Are About Specialized Expertise, Not Just Costs, Says New Study
The emergence of alternative legal service providers (ALSPs) is having a notable – and growing – impact on the legal market. The implications for law firms and corporations, and where the ALSP market is heading, was the subject of a comprehensive new study of ALSPs that was discussed at a panel today at Legal Tech …
Thomson Reuters Survey Reveals Legal Departments Are Unprepared for Influx of Millennial Corporate Counsel
Businesses of all types are dealing with the influx of millennials and the departure of baby boomers, but the impact of a multigenerational workforce is just beginning to shape legal departments, according to The Generational Shift in Legal Departments: Working with Millennials and Avoiding Baby Boomer Brain Drain. The Thomson Reuters report surveyed 153 attorneys …
The 2016 ILTA/InsideLegal Technology Purchasing Survey: Follow the Money
At the annual International Legal Technology Association (ILTA) conference (ILTACON), underway this week, no discussion of information and insight about the strategy and operations of modern legal organizations would be complete without a discussion of money and how it’s being spent. In cooperation with ILTA, InsideLegal produces an annual survey of legal technology purchasing practices. …