Demand for large law firm services surged in the third quarter to one of its highest levels since the end of the recession. The Thomson Reuters Peer Monitor Economic Index Report (PMI) says the PMI rose three points to 56 — its second consecutive quarterly gain. However, lagging productivity and rising costs dampened profitability slightly. …
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GDPR +1 Year: Business Struggles with Data Privacy Regulations Increasing
A new survey finds that businesses around the world are having increasing difficulty complying with data privacy regulations, even one year after GDPR took effect. A whopping 79 percent of global businesses surveyed say that they are either failing to meet GDPR and other data privacy-related regulations, or are having trouble keeping up to date, …
Leaders & Laggards: Lack of Action By Small Firms Creating New Opportunities For Some
The challenges of being a solo practitioner or small firm are well known: finding new clients, work-life balance, too much time spent on administrative tasks instead of practicing law. But a new survey suggests that most small firms are not making much headway in addressing these challenges, opening the door for firms that are willing …
Thomson Reuters Firm Central Enhancements Help Improve Small Law Firm Performance
Solo and small firms looking to manage their law practice and client matters more efficiently are finding a solution with the newly enhanced Thomson Reuters Firm Central, a leading cloud based management solution. The new performance dashboard provides views of key metrics and financial reports. Firms can utilize Firm Central to quickly and easily view …
ProView Adds iPhone eBook App
iPhone users can now access ProView eBooks and eLibraries as easily as they can with desktops and tablets. The new ProView iPhone app provides the same market-leading functionality that has made ProView the leading eBook platform for professionals, including annotations, content search, and Recent Activity feed for quick access to recent research. ProView syncs across …
Enhancement Heat Map Shows Data Privacy Regulatory Hot Spots
Keeping up with the global data privacy regulatory landscape can be challenging as new enforcement actions can emerge anywhere, anytime. Thomson Reuters Data Privacy Advisor is introducing a new feature that lets data privacy professionals quickly and easily track and assess new developments in today’s fast-moving regulatory environment. The Enforcement Heat Map provides an at-a-glance …
Businesses Falling Behind in Data Privacy Compliance
A new survey found that roughly half of businesses and other organizations are failing to comply with data privacy regulations, and potentially more worrisome, are falling behind. The Thomson Reuters Survey on Data Compliance surveyed 1,000 data privacy professionals at organizations in nine countries. Among the findings: 44% of organizations globally say they are failing to …
ACCAM17 Panel – Key Issues in Negotiating and Drafting Subscription Services Agreements
Technology was a common theme at the Association of Corporate Counsel (ACC) annual meeting, from the opening plenary on blockchain, to sessions on payment fintech and cybersecurity. Technology-related contracting continues to attract significant interest among lawyers, whether it’s utilizing automation or machine learning in the drafting and review processes, or substantive issues that typically arise in …
ILTACON Panel Recap – The Promise of Blockchain
Blockchain and distributed ledgers will transform contracts and transactions in finance, banking, insurance, real estate and other industries with complex supply chains. The promise of the distributed nature of blockchain is that it eliminates many costs and risks from large-scale transactions. And it will also create new roles for lawyers capable of understanding the unique …
Drafting Assistant Enhancements Streamline Document Creation
Drafting legal documents can be a complicated, tedious task. Drafting Assistant has some new enhancements that can boost drafting productivity. A PDF converter allows any PDF to be converted into a Microsoft® Word document. This is particularly useful when a user wants to closely examine an image-based PDF received from counterparties, clients or colleagues by running …
