A late winter storm may have shut down Washington, D.C. yesterday, but the National Press Club was abuzz this morning when Thomson Reuters and the International Centre for Missing & Exploited Children (ICMEC) released a new report from the Digital Economy Task Force (DETF) outlining opportunities and risks around the emerging digital economy. DETF co-chairs …
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Eric Laughlin in MCC on improving efficiency and increasing productivity
This article was written by Eric Laughlin, managing director of the Corporate Counsel segment at Thomson Reuters, and was featured on Metropolitan Corporate Counsel online. Everyone has the same 24-hour day, but the demands placed on that time are higher than ever before, especially for legal departments. To manage the pressure, legal departments now are implementing …
Still expecting your website visitors to make logical choices? Think again.
Does this sound familiar? “Make sure my website content makes me sound important to potential clients.” How about this? “I want my site to look like this other firm’s site.” Or what about this? “People need to know that we’re a serious law firm.” Every day, attorneys across the country give these kinds of directions …
Peer Monitor Index falls in fourth quarter
The Thomson Reuters Peer Monitor Economic Index fell 3 points to 52 in the fourth quarter. Demand for legal services was down 0.6 percent. For the year, demand was down 0.7 percent as the law firm market suffered its first down year since 2010. Law firms are struggling to maintain market share as clients bring more work …
Technology seen as a major driver of U.S. legislation, regulations
Everything seems to be moving faster than ever. And the pace of change for public laws continues to increase as the government tries to keep up. According to WestlawNext, more than 100,000 new or changed statutes, 160,000 new or modified regulations, and over 285,000 new judicial opinions were incorporated into the body of United States law …
FTSE 100 companies’ legal liabilities jump by 12 percent in 2013
Recent analysis by Thomson Reuters concludes that the legal liabilities reported by FTSE 100 companies climbed 12 percent in 2013 to £24.6bn ($42bn) up from £22.1bn ($37bn) in the previous year. This increase has been driven by a sharp jump in legal provisions in the banking industry, with legal costs for banks rising by 44 percent …
A few minutes with Ari Kaplan at LegalTech New York
Legal Current caught up with Ari Kaplan, professional services advisor and author (The Opportunity Maker: Strategies for Inspiring your Legal Career and Reinventing Professional Services: Building Your Business in the Digital Marketplace), about his panel at LegalTech New York and the trends and issues he has uncovered in his annual survey of corporate counsel. Check …
Startups: $458 million in legal services R&D
Why don’t law firms do R&D? It’s a question that Daniel Martin Katz of Michigan State’s Reinvent Law Laboratory has asked in a number of presentations, articles, and interviews, including one at Insight Labs: Recalulate the Future of Law. As Katz notes, that may be the wrong question, because the industry does have an R&D wing; …
LegalTech New York themes: Predictions and processes
After a couple of days at LegalTech a few themes emerged. First, there was the overall nature of the show; Inside Legal had a day-one summary that broke down the vendors in the exhibit hall as follows: eDiscovery vendors 38% Cloud vendors (only touting cloud solutions) 3% Big data (companies marketing big data-type solutions) 5% Information governance …
Highlights from LegalTech New York
This post was written by Craig Larson, senior director of Product Development at Thomson Reuters As LegalTech 2014 wraps up I thought I would share some highlights (and weather-related lowlights). Things Have Changed The Thomson Reuters event featuring Robert S. Mueller III was one of the best sessions I have attended over the many years …
