The trust gap needs to be closed for lawyers to use generative AI, says Thomson Reuters

Thomson Reuters, a global content and technology company, has released new research which highlights how growing trust among legal professionals will be key to the continued adoption of AI-powered technology.

Thomson Reuters looks at the changing role of the CFO

Today, the role of the Chief Financial Officer (CFO) within law firms is more demanding, broader based, and more critical than ever. CFOs must navigate an extremely challenging macro-economic landscape while keeping tight control of financial governance and operational excellence.

Thomson Reuters adds UK Supreme Court Dockets to Westlaw

Thomson Reuters is providing legal professionals with more comprehensive coverage of UK courts and access to real-time updates, expert editorial case analysis, and content sets unique to Westlaw UK.

Webinar: Moving your firm’s financial and PMS to the cloud with Thomson Reuters – March 29th 10:00 AM CT | 4:00 PM UTC

Periods of uncertainty can consistently build apprehension within law firms, including the hesitation to move their financial and practice management system to the cloud.

Law firm profits continued to slide in Q4 2022: Thomson Reuters Law Firm Financial Index

Law firm profitability fell for a fifth consecutive quarter in Q4 2022, according to the Q4 2022 Thomson Reuters Law Firm Financial Index (LFFI) powered by Financial Insights.

Thomson Reuters: Digital transformation critical to the future of the US justice system as new report reveals almost one in five cases are delayed

The U.S. court system is facing a perfect storm of delays, backlogs and workforce shortages, according to new research from the Thomson Reuters Institute.

Dramatic growth from alternative legal services providers is accelerating according to Thomson Reuters

Alternative legal services providers (ALSPs) now make up a $20.6 billion segment of the legal market and growth is accelerating dramatically, according to the Alternative Legal Services Providers 2023 Report.

The 2023 report on the state of the legal market is here, courtesy of Thomson Reuters

The year ahead is likely to be fraught with numerous challenges and uncertainty for law firms, according to the 2023 Report on the State of the Legal Market, issued today by the Center on Ethics and the Legal Profession at Georgetown Law and the Thomson Reuters Institute.

Law firm profitability continues to fade: Thomson Reuters Law Firm Financial Index

Law firm profitability fell for a fourth consecutive quarter as firms grappled with a combination of falling demand and surging expenses, according to the Q3 2022 Thomson Reuters Law Firm Financial Index (LFFI) powered by Peer Monitor/Financial Insights.

Thomson Reuters introduces Litigation Analytics for Companies on Westlaw

Thomson Reuters is enhancing Westlaw with the addition of Litigation Analytics for Companies, providing advanced capabilities to efficiently search and analyse litigation trends by company or industry.