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 …
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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 …
Corporate Legal Departments moving more work in-house even as satisfaction with outside counsel value increases
Corporate legal departments are seeing greater value for the legal services they receive from their outside counsel, according to the 2018 State of Corporate Law Departments Report from Thomson Reuters and Acritas. The average satisfaction rating of outside counsel based on value has increased 9 percent over the last five years showing improvements across all …
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 …
#LEIMPF2018 – Law Firms, Clients and Performance Evaluation
When relying on legal services, law firm clients traditionally had to accept law firms’ decisions on rates and assignments of who performed the work. Today clients have made a dramatic shift to what is now largely a “buyer’s market,” and are relying on data analytics and various technologies to more actively manage their external legal …
#LEIMPF2018 – Strange Bedfellows
Alternative legal services providers (ALSPs) entered the legal market via a frosty reception by many, especially law firms, and have substantially impacted the legal market. But corporate law departments, who also may have been somewhat skeptical, were at least more willing to explore working with these alternative providers to deliver certain legal services at a …
Legal Trends to Watch for 2018
This has been a very busy, complex year with regard to the law. But before we turn the page to 2018, a group of industry thought leaders have gathered to discuss issues facing the profession in the year to come with a Westlaw Journals Special Report from the Legal News team. The editors cast a …
FindLaw Report – How the Family Legal Consumer Looks for an Attorney
For legal consumers looking for representation on family matters, trust, honesty and empathy far outweigh expertise when choosing an attorney. These are the findings explored in the latest FindLaw report, “Searching for a Friend: How the Family Legal Consumer Looks for an Attorney.” In addition to highlighting results from a survey of 2,000 legal consumers, …
Innovation in Legal Services is Being Fueled by Technology & Business Need
We are witnessing a legal services market that is undergoing an enormous amount of change; new market entrants, technological disruption and the rise of the general counsel are just some of the forces driving this change. In response, forward-looking law firms are finding new ways of doing business, harnessing disruptive technologies and embracing the need …
Big Law & the Battle for Market Share
Large law firms have faced their share of challenges in recent years. But while the challenges and opportunities may be similar across firms, how they respond – and consequently, the rewards and downturns – have been far from similar across the market. On the surface, the latest Peer Monitor report shows a large law market …