New contract lifecycle management (CLM) capabilities in HighQ are helping users leverage automation to strengthen workflow efficiencies, streamline contractual processes, and mitigate risk. Thomson Reuters introduced multiple enhancements to HighQ yesterday to help legal professionals better connect and simplify CLM workflows and gain full visibility across contract portfolios. Legal Current highlights how new HighQ features …
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Contracts for the Climate: The Importance of Emissions Benchmarking
The importance of emissions benchmarking is the focus of the latest episode in the Contracts for the Climate podcast series. The series from The Chancery Lane Project (TCLP) focuses on the built environment and how lawyers can get climate-friendly clauses into contracts. Thomson Reuters has long supported TCLP, which brings legal professionals together to draft …
Law Firm Talent Strategy: Impact of Engagement, Culture, and Compensation
Amid stiff competition for legal talent, culture is king. That’s among the key takeaways from the 2022 Stellar Performance report, which explores how engagement, culture, and compensation shape law firms’ talent strategies. Released yesterday by Thomson Reuters Institute, the report features findings from a survey of nearly 2,500 “stand-out” lawyers in 60 countries, 89% of …
ESG Resource Center: Insights for Lawyers Supporting Firm and Client ESG Initiatives
The Thomson Reuters Institute has launched an ESG resource center, offering insights for law firms, corporations, and governments on issues concerning environmental, social, and governance topics. “As the environmental, social and governance (ESG) movement gains momentum, law firms have been positioning themselves to provide ESG advice to their clients while also getting their own houses …
“Moments of Delight:” Product Design and Practical Law Dynamic Tool Set
Erica Kitaev, senior director, Product Management, Thomson Reuters, explored what it means to delight customers with Caden Damiano in The Way of Product Design podcast. They discussed how emotion and sentiment can be indicators of product success in the latest episode. Kitaev draws on her experience as a law firm partner to design products for …
Practical Law Editors Draft Climate Clauses for Finance and Construction Law
Practical Law editors helped The Chancery Lane Project (TCLP) draft and provide peer review for new climate clauses, as well as revise existing clauses and climate drafting resources. Announced yesterday, the new clauses and resources reflect the latest climate science, legislation, and user feedback from TCLP’s global community of 2,500 participants. Ten new clauses focus …
Thomson Reuters Law Firm Financial Index Q1 2022: Three Takeaways
Law firms will be challenged to surpass the high bar set in 2021, according to findings of the Q1 2022 Law Firm Financial Index, released today by Thomson Reuters. The index, powered by Peer Monitor/Financial Insights, showed law firm growth in demand and rates were no match for surging expenses. Legal Current shares top takeaways …
National Volunteer Month Highlights: Fighting Food Insecurity
April is National Volunteer Month, and employees across Thomson Reuters made an impact in their local communities. One event included employees from the Minneapolis-St. Paul chapters of Thomson Reuters Early Careers Network and Global Volunteer Network volunteering with Second Harvest Heartland in Brooklyn Park, Minn. Second Harvest Heartland is a food bank that works to …
Judge Pamila J. Brown Receives 2022 Liberty Achievement Award
I had the privilege of presenting the American Bar Association’s Tort Trial & Insurance Practice Section (TIPS) Liberty Achievement Award yesterday. Thomson Reuters has sponsored the TIPS Liberty Achievement Award – which recognizes attorneys and judges who take leadership roles in promoting diversity in the profession of law – since its inception in 2008. It …
Top Asia-Pacific Law Firm Brands in 2022
Baker McKenzie regained the top position in the Asia-Pacific Brand Index in a slight reshuffling of leading law firm brands. King & Wood Mallesons and Herbert Smith Freehills ranked second and third, respectively. JunHe came in fourth, and Zhong Lun took the fifth spot. Rounding out the top 10 were Nishimura & Asahi, Dentons, Clifford …
