“While overhead expenses continued to cool during the first part of 2024, tech spending remains especially hot,” Andrew Maloney noted in Law.com’s coverage of the Q1 2024 Thomson Reuters Law Firm Financial Index. “Taking inflation into account, law firms are investing in technology at their most rapid pace since at least 2014, the report noted. …
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Record Revenue and Rate Growth: Top Takeaways from Q1 2024 Thomson Reuters Law Firm Financial Index
Law firms achieved elevated revenue growth in the first quarter of 2024 and continued to heavily invest in technology. These are among the findings of the Q1 2024 Thomson Reuters Law Firm Financial Index (LFFI), powered by Financial Insights. Legal Current shares key takeaways from the report, which found that law firms returned to a …
Judge Samantha P. Jessner Receives 2024 Liberty Achievement Award
Thomson Reuters presented Judge Samantha P. Jessner with the American Bar Association’s Tort Trial & Insurance Practice Section (TIPS) Liberty Achievement Award on May 1. Thomson Reuters has sponsored the TIPS Liberty Achievement Award to recognize attorneys and judges who take leadership roles in promoting diversity in the profession of law since its inception in …
Thomson Reuters Launches Westlaw Edge UK with CoCounsel
Thomson Reuters is expanding customers’ access to AI-Assisted Research with the introduction of Westlaw Edge UK with CoCounsel. The first Thomson Reuters generative AI legal research offering in the UK, Westlaw Edge UK with CoCounsel streamlines the initial phase of legal research by allowing customers to ask complex questions in natural language and delivering synthesized …
Tech and Legal Industries React to the Thomson Reuters Expansion of CoCounsel
The Thomson Reuters expansion of CoCounsel “spreads the LLM love beyond legal,” said Richard Tromans on social media as part of Artificial Lawyer’s coverage of the announcement. Journalists and bloggers shared their perspectives on the CoCounsel expansion, which includes the rollout of the generative AI assistant beyond the legal landscape as well as new skills …
Thomson Reuters Announces Expanded Vision for Delivering Generative AI Assistant
Thomson Reuters is sharing its expanded vision for CoCounsel, its generative AI (GenAI) assistant. The CoCounsel expansion will unify the customer experience and give customers a new way to access Thomson Reuters product capabilities with applications across legal, tax, risk & fraud, and media segments. CoCounsel can handle complex tasks with natural language understanding, providing …
Seeking Nominations for the 2024 William L. Norton, Jr. Judicial Excellence Award
The nomination period is open for the 2024 William L. Norton, Jr. Judicial Excellence Award. This collaboration between the American Bankruptcy Institute (ABI) and Thomson Reuters recognizes distinguished bankruptcy judges for their service to the insolvency community. The award was created to honor the late bankruptcy judge and longtime West author William L. Norton, Jr. This year …
Podcast Highlights: Emily Colbert on the Human Side of Generative AI
Emily Colbert, senior vice president of product management at Thomson Reuters, joined Dennis Kennedy and Tom Mighell on the Kennedy Mighell Report to talk about how legal professionals are using AI. They discussed the integration of generative AI into Practical Law, which Colbert emphasized required extensive human expertise. They also talked about driving efficiencies and …
Podcast Highlights: Pablo Arredondo on the Legal Profession’s “Fervor and Excitement” Around Generative AI
Pablo Arredondo, vice president of CoCounsel at Thomson Reuters and co-founder of Casetext, has been making the rounds on legal tech and AI podcasts, celebrating the one-year anniversary of CoCounsel. Legal Current shares highlights from his conversations on 3 Geeks and a Law Blog and The Cognitive Revolution. Arredondo talked with The Cognitive Revolution’s Nathan …
State of Canada Reports Reveal Successes, Disconnects For Lawyers Confronting Challenges
Canadian lawyers – in law firms and government legal agencies – are faring well despite continuing to confront challenges including spending too much time on administrative tasks, managing rate pressures, and improving mental health. These are among the takeaways from the State of the Canadian Law Firm Market and the Canadian Government Lawyers Benchmark reports, …
