Podcasts about thomson reuters institute

In the latest Clarity podcast, the Thomson Reuters Institute's Bill Josten and Isaac Brooks speak with Belinda Jones, CFO of Ballard Spahr, about the impact of current economic volatility on law firms' financial performance, exploring such issues as aggressive firm rate hikes, a sudden surge in client demand due to the global trade war, and the challenges of managing rising expenses.

Today, the global supply chain is experiencing a one-in-a-lifetime crisis, navigating an unpredictable level of escalation, de-escalation, and uncertainty amid the Trump administration's trade war. In our latest podcast, Brian Wenck, CEO of Flat World Global Solutions, will help us see just how companies and their customers are navigating the disruption and what may yet lie ahead.  

Ragunath (Raghu) Ramanathan, President of Legal Professionals at Thomson Reuters speaks with Esther Bowers, Chief Practice Innovation Officer at Honigman, to discuss how the firm is handling enterprise-wide adoption of AI, practice area by practice area, as well as how the firm is analyzing lawyer workflow, and how AI is being used in the firm's summer associate program.

Professional services organizations have rushed to adopt generative AI (GenAI), but now it's time for the next step — integrating it into their business plans. Today's podcast follows up on a recent Thomson Reuters Institute report on GenAI in professional services and speaks with Thomson Reuters chief product officer David Wong, who discusses why 2025 may be the year of AI in tax, the barriers holding professional services back from greater adoption, and how to get from the early innings of GenAI to a more fully developed plan.

Robert J. Leo, a partner at Meeks, Sheppard, Leo & Pillsbury, and Karen Lobdell, a Senior Manager at Thomson Reuters, join Thomson Reuters Institute Senior Industry Analyst Bryce Engelland on the podcast to discuss the current volatility around tariffs amid a rapidly evolving global trade landscape. Additional Producer Credits: Mariana Maldonado - Implementation Consultant Global Trade Andrew Moxon - Senior Product Marketing Manager

Jim Shoemaker, COO of Miles & Stockbridge, joins the podcast to discuss how law firms can find a quick and meaningful return on their investment in AI by targeting hours that would otherwise end up being written down and never billed to clients at all. Shoemaker discusses how these written-down hours become a hidden tax on law firms and makes a compelling case that these hours can be the first targets for firms' AI efforts, potentially boosting firm revenue and profits while avoiding the loss of revenue that many lawyers fear AI adoption might bring. The views, opinions, and positions expressed by the speakers are theirs alone and do not necessarily reflect the views, opinions, or positions of Miles & Stockbridge.  

  We speak to Andreas Rasche, Professor and Associate Dean at Copenhagen Business School, about the proposed omnibus simplification package of the EU's sustainability reporting regulations, what supporters and critics are saying about it, and what those companies that may have already started complying ahead of the Jan. 1, 2026, deadline should do now.

With a new US president, a new crypto czar, and so much happening in the cryptocurrency space, we look at the shift in direction of crypto and what it means for the nation. Two industry experts discuss how the move from regulation by enforcement to a clearer infrastructure impacts the landscape of crypto in the US.

This week, we're diving into the world of access to justice with Kristen Sonday, a true trailblazer in making pro bono legal work more efficient and effective. Kristen is the co-founder and CEO of Paladin, an organization dedicated to increasing pro bono engagement while reducing administrative burdens. Through partnerships with law firms, corporate legal teams, bar associations, the US government, and over 300 legal service organizations, Paladin is helping to bridge the justice gap by streamlining how legal professionals connect with those in need. Before launching Paladin, Kristen worked on international criminal matters for the US Department of Justice in Mexico and Central America, and was part of the founding team of a New York City-based tech startup. She also shares her insights in her Thomson Reuters Institute column NextGen Justice Tech, where she explores the role of technology in expanding access to justice. Beyond her work in legal tech, Kristen is a founding partner of LongJump, a Chicago-based venture capital fund focused on supporting the next generation of founders. In our conversation, Kristen takes us through how Paladin is creating a blueprint for justice technology, her journey into access to justice work, the mission of LongJump, and the key lessons she has learned from her entrepreneurial journey. Read the full transcript of today's episode here: https://www.seyfarth.com/dir_docs/podcast_transcripts/Pioneers_Kristen_Sonday.pdf

Natalie Runyon, content lead for sustainability for the Thomson Reuters Institute speaks with David Glasgow, Executive Director of the Meltzer Center for Diversity, Inclusion, and Belonging at the NYU School of Law, about how companies can navigate the complexity and the legal landscape around diversity, equity & inclusion.  

We have seen alternative legal services providers (ALSPs) emerge as a small but mighty factor in the legal market. Historically, law firms have not considered ALSPs true competitors, but with the growing influence of generative AI, that mindset might change. Delving into the Thomson Reuters Institute's recently released Alternative Legal Services Providers 2025 report, we try to bring some clarity to an increasingly complex legal landscape.  

The question of what legal clients really want — high levels of service, quickly and at a low cost — has become a more difficult equation to solve, as generative AI, which seems poised to disrupt how legal services are delivered and valued, adds another level of complexity to the picture. Armed with the findings of the Thomson Reuters Institute's 2025 Report on the State of the US Legal Market, our industry experts can offer some guidance to those legal leaders looking for an assist.

This Day in Legal History: Lockerbie Bombing IndictmentsOn November 11, 1991, indictments were formally announced in the notorious Lockerbie bombing case, marking a significant milestone in international criminal justice. U.S. and U.K. prosecutors indicted two Libyan nationals—Abdelbaset Ali Mohmed Al Megrahi and Lamin Khalifah Fhimah—in connection with the bombing of Pan Am Flight 103. The attack took place on December 21, 1988, when the plane exploded over Lockerbie, Scotland, killing all 259 people on board and 11 residents on the ground. This tragedy led to a complex, multi-year investigation involving multiple countries and was one of the deadliest terrorist attacks in the West prior to September 11, 2001.The indictments represented a significant moment in the use of international legal cooperation to address terrorism, as both the U.S. and U.K. sought justice for their citizens. The two men were accused of planting a bomb in the cargo hold, allegedly on behalf of Libyan intelligence services. However, for nearly a decade after the indictments, Libya resisted extradition requests, prompting years of diplomatic pressure and international sanctions.Finally, in 1999, Libya agreed to turn over Megrahi and Fhimah for trial in a specially created Scottish court seated in the Netherlands. This arrangement respected Libyan sovereignty while ensuring an impartial setting for the trial. After extensive proceedings, Megrahi was found guilty in 2001 of the murders, receiving a life sentence, while Fhimah was acquitted. The trial itself remains a significant example of international criminal law in action, setting a precedent for how nations can pursue justice in politically sensitive, cross-border terrorism cases. The Lockerbie bombing case also raised ongoing questions about evidence reliability and political influences in terrorism prosecutions, as Megrahi's conviction remained controversial, leading to a compassionate release in 2009 due to his terminal illness.This legal landmark underscored both the complexities of prosecuting international terrorism and the power of coordinated legal frameworks to address global threats.A New York judge, Justice Juan Merchan, will soon decide if President-elect Donald Trump's criminal conviction for falsifying business records related to hush money payments to adult film star Stormy Daniels should be overturned. This decision follows a July U.S. Supreme Court ruling on presidential immunity, which Trump's lawyers argue should apply to his case, asserting that the conviction should be dismissed. Merchan is also considering whether to proceed with sentencing Trump on Nov. 26, although legal experts believe this is unlikely before his Jan. 20 inauguration. If Merchan rules favorably on immunity or delays sentencing, Trump may assume the presidency without immediate legal encumbrances. Meanwhile, federal cases against Trump by Special Counsel Jack Smith are expected to be paused due to Justice Department policies against prosecuting sitting presidents. However, a separate Georgia state case remains unresolved. Trump, who maintains his innocence in all four cases, argues these prosecutions are politically motivated. Manhattan prosecutors counter that the Supreme Court's immunity decision doesn't apply since Trump's case involves non-official conduct, not covered by presidential immunity. Experts note that even if the conviction stands, Trump's team will likely seek to delay sentencing, which could potentially involve up to four years in prison, although fines or probation are more likely.Judge to decide whether Trump's hush money conviction can stand | ReutersDonald Trump's upcoming administration aims to drastically cut federal regulations, but recent Supreme Court rulings, including the end of Chevron deference, could complicate these efforts. Chevron deference, which previously allowed agencies flexibility in interpreting vague laws, was struck down in Loper Bright Enterprises v. Raimondo. Without this precedent, Trump's regulatory changes may face increased legal scrutiny, with courts more likely to question whether agencies are acting beyond Congress's intent. Despite these obstacles, Trump will likely have Senate support for his deregulation goals, especially as the ruling requires more specific legislative language—a challenge in a closely divided Congress.Lobbyists expect Trump's administration to focus on rolling back labor, environmental, and financial regulations. However, advocacy groups are poised to use the Supreme Court's ruling to defend Biden-era rules, arguing against the administration's authority under the revised legal framework. Trump may opt for informal guidance, like advisory memos or circulars, rather than formal rule-making, as these are harder to legally challenge. Corporate and industry groups generally support deregulation, though the ongoing legal and policy shifts could create near-term uncertainty. To establish lasting changes, Trump and Congress would need to pass new legislation, avoiding the “ping pong effect” of policies fluctuating with each administration change.Trump's Push to Deregulate Faces Challenges in Post-Chevron EraLaw firms saw a substantial profit increase of 11.2% in the third quarter of 2024, largely due to high lawyer productivity, strong billing rates, and controlled expenses, as reported by the Thomson Reuters Institute's Law Firm Financial Index. This index, which aggregates financial metrics from 195 large and midsize firms, recorded its second-highest score since inception, highlighting broad-based demand growth across multiple practice areas. Litigation demand rose by 4%, with gains also in corporate, real estate, labor, employment, and bankruptcy practices, while only intellectual property showed a slight decline.The report contrasts 2024's strong, diversified demand with the post-2021 demand slump, suggesting more stable long-term profitability for law firms. With Donald Trump's recent election win, firms anticipate additional work in areas such as regulation, compliance, antitrust, and energy. Although declining inflation may limit future billing rate increases, firms remain optimistic about the potential for new legal work stemming from significant regulatory changes expected in early 2025.Law firm profits soared in third quarter of 2024, report finds | ReutersThe National Labor Relations Board (NLRB) has overturned a 40-year-old precedent, ruling that employers can no longer generally warn workers that unionization will harm their relationship with management. This ruling came from a case involving Starbucks, where the company allegedly made unlawful threats to employees during a union drive at its Seattle Roastery, warning them that unionizing could lead to reduced benefits and suggesting it would be futile. The board's decision revisits the 1985 Tri-Cast Inc. ruling, which had allowed employers to legally imply that unionizing would alter employees' direct relationships with management. Although the NLRB ultimately found that Starbucks' statements encouraging a "no" vote to maintain open communication with managers did not directly violate the law, it changed the standards for such statements going forward. The board's Democratic majority explained that the earlier precedent was incorrect in permitting nearly any statement that unionizing would affect the employee-manager relationship. This decision reinforces the NLRB's recent actions against Starbucks in its efforts to unionize over 500 locations nationwide, requiring the company to stop unlawful behavior and delete certain social media posts.NLRB Tosses 40-Year Stance on Manager Unionization Threats This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Zach Warren from Thomson Reuters Institute and Amanda Aguillard from Padgett dive into the pressing challenges facing modern accounting firms, particularly those in the mid-sized range. They explore innovative solutions to the talent shortage, discuss the surprising resilience of time-based pricing, and emphasize the critical role of technology adoption in driving efficiency. This data-driven conversation offers practical insights for firm owners looking to navigate industry pressures and position themselves for sustainable growth.Connect with Zachary Warren, MBAhttps://www.linkedin.com/in/zach-warren-19403371https://www.thomsonreuters.com/en-us/posts/authors/zach-warren Connect with Amanda Aguillard, CPA CISDhttps://www.linkedin.com/in/amandaaguillardhttps://www.aguillardaccounting.comReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Federal Tax Updates podcast in your favorite podcast app!This podcast is a production of the Earmark Media

In this episode of On Record PR, Gina Rubel goes on record with Mike Abbott, Head of The Thomson Reuters Institute, to discuss how data and market insights are key to crafting effective law firm strategy in an ever-changing landscape. Learn More Mike Abbott is the Head of the Thomson Reuters Institute. The Institute brings together leaders from across the Legal, Corporate, Tax, and Government communities to share data and insights, discuss market trends, and help shape the way forward for these markets and individual organizations. Prior to creating the Institute, Mike was a senior consultant with Hildebrandt Consulting and held leadership positions across Thomson Reuters Sales, Marketing, and Client Management in Washington DC and Minneapolis - St. Paul.  Mike attended Westminster College in New Wilmington, PA where he earned his B.A. in English/Writing.

This Day in Legal History: Ronald Reagan Fires Air Traffic ControllersOn August 5, 1981, President Ronald Reagan made a landmark decision to fire over 11,000 striking air traffic controllers. These federal employees, members of the Professional Air Traffic Controllers Organization (PATCO), had initiated a strike on August 3, demanding better pay, shorter working hours, and improved working conditions. The strike posed significant risks to national air travel safety and disrupted the aviation system.President Reagan responded with a firm stance, citing the controllers' sworn oath not to strike against the government. In a nationally televised address on August 3, Reagan warned that if the controllers did not return to work within 48 hours, they would face termination. When the deadline passed without compliance, Reagan followed through on his ultimatum, effectively dismantling PATCO.The mass firings had profound implications for labor relations and federal employment policies in the United States. It underscored the government's commitment to maintaining uninterrupted air traffic services and demonstrated a strict enforcement of federal labor laws. This event marked a pivotal moment in the Reagan administration, showcasing its determination to curb union influence and assert governmental authority. The firings also led to long-term changes in air traffic control, with the federal government embarking on extensive recruitment and training programs to replace the dismissed controllers.A political action committee (PAC) supported by Elon Musk is under investigation in Michigan for potential legal violations. The Michigan Secretary of State's office confirmed the inquiry on Sunday. The Musk-backed America PAC has been collecting detailed voter information through its website, prompting scrutiny from state authorities. Although America PAC is a federal entity, Michigan officials are reviewing its actions to determine if state laws have been breached. If violations are found, the case may be referred to the Michigan Attorney General. The investigation is in its early stages, and specific focuses have not been disclosed.Musk, CEO of Tesla and SpaceX, has previously stated he created a PAC to support candidates but denied making specific pledges. He has publicly supported Donald Trump and criticized various Democratic policies and initiatives.Neither the Michigan Attorney General's office nor America PAC has commented on the investigation. Musk also has not responded to requests for comment. The situation underscores concerns about how PACs use personal information collected from citizens, particularly in voter registration efforts.Musk-backed PAC under investigation for potential violations of Michigan laws | ReutersThomas V. Girardi, the famed attorney behind the landmark $333 million Pacific Gas & Electric settlement featured in the film "Erin Brockovich," faces a criminal trial for wire fraud in Los Angeles federal court. At 85, Girardi has been disbarred and bankrupt, charged with misappropriating $15 million in settlement funds intended for his clients over the past decade. This trial could mark the end of his distinguished legal career, tainted by allegations of unethical conduct and questionable ties to the state's lawyer disciplinary agency.Plaintiff's attorney Jay Edelson emphasizes the broader implications for the legal community, suggesting it could either prompt reform or be dismissed as an isolated incident. Girardi also faces additional fraud charges in Illinois, and numerous civil lawsuits. His once-celebrated career has become a cautionary tale of legal misconduct.Prosecutors allege that since 2010, Girardi diverted millions from his firm, Girardi Keese, for personal luxuries and to fund EJ Global, an entertainment company of his estranged wife, Erika Jayne. Girardi's defense argues that he was not responsible for financial mismanagement, attributing it to the firm's CFO, Christopher Kamon, whose trial has been separated. They also claim Girardi's cognitive decline impairs his ability to have intentionally defrauded clients.Girardi's case stands out not just for the legal drama but also for its celebrity connections, given his marriage to a reality TV star, influencing public and juror perception. The trial will focus on whether Girardi's cognitive state affects his culpability for the alleged crimes committed during his competent years. The court's ruling on his competency to stand trial, despite cognitive impairments, adds a layer of complexity to this high-profile case.Thomas Girardi's Legal Drama Approaches Its Hollywood EndingFormer Bed Bath & Beyond Inc. has sued GameStop CEO Ryan Cohen and his company, RC Ventures LLC, seeking to recover $47 million from alleged insider trading in 2022. Cohen, also the founder of Chewy Inc., allegedly used nonpublic information to trade Bed Bath & Beyond (BBBY) stock profitably between January and August 2022 while serving as a statutory director. The lawsuit, filed in the US District Court for the Southern District of New York, claims Cohen and RC Ventures made numerous profitable trades of BBBY securities, which were executed within a six-month period. Under Section 16(b) of the 1934 Securities Exchange Act, the company seeks to reclaim these short-swing profits because Cohen and RC Ventures owned more than 10% of BBBY's common stock and had access to inside information through their board appointees.This legal action is part of a broader effort by the bankrupt company and its plan administrator, Michael Goldberg, to recover funds for creditors. Goldberg has also filed a separate suit to reclaim $19 million in tax credits from a New Jersey agency and is pursuing over $300 million from Hudson Bay Capital Management for trading profits related to a failed financing plan.RC Ventures is GameStop's largest shareholder with an 8.7% stake. Bed Bath & Beyond, now operating as 20230930-DK-BUTTERFLY-1 Inc., is demanding monetary damages and legal costs. Cohen and RC Ventures have not commented on the lawsuit. The case is titled 20230930-DK-BUTTERFLY-I Inc. v. Cohen.GameStop CEO Sued by Bed Bath & Beyond for Insider Trading (1)The demand for transactional legal work is recovering after nearly three years of decline, according to the Thomson Reuters Institute's Law Firm Financial Index. The report shows a 2.2% increase in corporate transactional work, including contract drafting, real estate deals, and bank financing, in the second quarter of 2024 compared to the previous year. This rise contributed to a 2.4% overall increase in law firm demand.Additionally, U.S. law firms have seen a 6.6% increase in billing rates and a 5.3% rise in direct expenses, putting them in one of their strongest financial positions in the last decade. Profits per equity partner have increased by 8.8% over the past year.While transactional practices are rebounding, counter-cyclical practices like litigation and bankruptcy continue to drive significant demand. Litigation demand rose by 3.4% and bankruptcy by 2.4% in the same period. These trends provide law firms with greater stability by diversifying their revenue streams.However, the gains are not uniform across the industry. The Am Law 50 firms have not seen the same increase in litigation demand as other firms, and midsize firms have not experienced the same growth in transactional demand as Am Law 100 firms.Overall, the second quarter of 2024 has been positive for the legal sector, with significant improvements in demand and profitability.Law firm transactional work rebounds after 3-year slump, report says | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

The world of technology is rapidly transforming the corporate tax sector — but are tax departments ready for it? Zach Warren, of the Thomson Reuters Institute, sits down with Cheria Coram, a corporate tax technologist and chair of the Tax Executives Institute's Tax Technology Committee, to discuss what they learned from this year's TEI Tax Technology Seminar. In the podcast, the two break down how nailing the cupcake of tech fundamentals is so important before applying the sprinkles of new tools, why tax professionals should adopt a growth mindset and focus on leading through change, and how meeting new global tax regulations all comes down to data readiness.

Mike Abbott, head of the Thomson Reuters Institute, and Steve Hasker, president and CEO of Thomson Reuters, discuss the recently released 2nd annual Thomson Reuters Future of Professionals Report on the Thomson Reuters Institute Insights podcast this week. Their conversation highlights the numerous insights from thousands of professionals surveyed across many organizations worldwide about the impact that generative artificial intelligence (GenAI) will have on their work, including time-savings, the need for responsible AI development, and the importance of human expertise and judgment in the use of GenAI.

The Thomson Reuters Institute's 2024 Staffing Ratios Survey contained some interesting departures from long-term trends. TRI analyst Marcus Belanger joins our latest TRI Insights podcast to discuss the surprising uptick in headcount among library and knowledge management professionals within law firms, the trend toward using a higher level of professional to fill some roles (and the associated cost increases), as well as the potential outlook for law firm professional staff over the coming years. For a more complete analysis of the results of this year's survey, register for the on-demand recording of the results webinar.

Welcome to today's episode of "AI Lawyer Talking Tech." We have an exciting lineup of topics that delve into the cutting-edge intersection of law and technology. From the potential overhaul of Section 230 and its implications for online platforms to Uber's innovative approach to healthcare with Uber Caregiver, we cover the latest advancements and challenges. We also explore new AI regulations in Colorado, the dynamic role of AI in international arbitration, and the evolving legal landscape in China. Join us as we discuss the latest legal tech trends, groundbreaking innovations, and the profound impact of AI on the legal industry. Stay tuned for insightful analyses and expert opinions on how these developments are shaping the future of law. A Final Bow for Section 230? Latest Plea for Reform Calls for Sunset of Immunity Law11 Jun 2024New Media and Technology Law BlogThe Implementation of UberCaregiver and the Effects of Digitized Healthcare11 Jun 2024Goodmans Technology BlogRecently Enacted AI Law in Colorado: Yet Another Reason to Implement an AI Governance Program11 Jun 2024Debevoise Data Blog“The challenge is the right to knowledge for all” Alain Bensoussan on the legal implications of AI10 Jun 2024Legaltech on MediumQ&A: Hui Ye Law Firm12 Jun 2024In-House Lawyer.co.ukThe impact of AI on IA12 Jun 2024In-House Lawyer.co.ukTwo new associate promotions at Ramsdens12 Jun 2024Yorkshire Evening Post‘Is it going to destroy humankind? No. The good parts are worth pursuing'12 Jun 2024In-House Lawyer.co.ukThe future is now – how tech expertise shot to the top of the agenda12 Jun 2024In-House Lawyer.co.ukAI and the Word that's Been Missing from the Patent Eligibility Case Law12 Jun 2024IPWatchdogAderant and BigHand Partner to Enhance Operational Excellence for Law Firms12 Jun 2024Morningstar.comABA Journal: Legal Rebels Can generative AI tools make it easier for lawyers to offer pro bono services?12 Jun 2024Legal Talk NetworkIs there a role for AI to be used in the drafting of commercial documents?12 Jun 2024Elite Business MagazineFBC Manby Bowdler trials artificial intelligence in pioneering research project12 Jun 2024Shropshire LiveCorporate risk radar 2024 - Part 1: Entering the age of polycrisis12 Jun 2024Clyde & CoProviders need ‘coherent story' to combat data misrepresentation in legal cases, public opinion: experts warn12 Jun 2024McKnight's Senior LivingLaw Firm Client Portals12 Jun 2024KAKE TVLFFI Q1 2024 Analysis: Rates & litigation continues to push market growth - Thomson Reuters Institute 5 min11 Jun 2024Thomson ReutersElon Musk ends OpenAI lawsuit without explaining why12 Jun 2024TheRegister.comCongress Urged To Revise Privacy Proposal, Completely Override State Laws11 Jun 2024Media PostBreaking Rumor: Harvey Seeking to Buy vLex? A Move for Global Dominance?11 Jun 2024Dewey B StrategicAuditing AI (Artificial Intelligence) Usage in Legal Organizations: New Vertical Files Podcast Episode from Soutron11 Jun 2024FOX21News.comMarketing Roundup: ROI Metrics, Logo Lessons, Bios By AI11 Jun 2024Above The LawBrazil to Use OpenAI in Court Cases to Cut Costs11 Jun 2024Watcher GuruAI in the Work Environment? Be Mindful.11 Jun 2024No JitterMyCase Announces New Product Developments Featuring Dynamic Forms With Conditional Logic11 Jun 2024Morningstar.comWhat is cloud-based litigation management and how does it benefit law firms?11 Jun 2024Financial Thomson ReutersMitigating Product Liability Risks for Companies Providing AI-Enabled Products12 Jun 2024Morris, Manning & Martin,LLPSuspicious Minds: Protecting Tennessee Artists from Generative AI11 Jun 2024Dickinson WrightPublic Companies Update – May One-Minute Reads11 Jun 2024CooleyA Growing Pattern of Broader Applicability: Nebraska Enacts a Comprehensive Data Privacy Law [Alert]11 Jun 2024Cozen O Connor

The recent Q1 2024 Law Firm Financial Index Report showed promise with several positive trends for the large law firm market, putting the quarter in favorable standing compared to previous years.  Some of the fundamentals underlying that strength, however, are notably different than in years past. In our latest Thomson Reuters Institute Insights podcast, Brent Turner from Thomson Reuters Advisory Service and Bryce Engelland, an analyst with the Thomson Reuters Institute, discusses the findings in the Q1 LFFI Report and the broader context of their meaning for the market.

Today on AI Lawyer Talking Tech, we're diving into the latest advancements and challenges shaping the legal landscape. From the rise of generative AI in contract drafting to the growing concerns about algorithmic bias, the legal industry is undergoing a rapid transformation. We'll explore the innovative ways law firms are embracing technology to streamline processes, enhance efficiency, and deliver better client outcomes. We'll also discuss the ethical implications of AI in the legal sphere and the crucial need to ensure fairness and transparency in its application. Tune in to hear expert insights on how AI is shaping the future of law and what it means for lawyers and their clients. Artificial Lawyer Launches Legal Tech Directory With Theorem Partnership29 May 2024Artificial LawyerEuropean Data Protection Roundup – April 202428 May 2024Debevoise Data BlogLFFI Q1 2024 Analysis: Are law firms changing their attitude towards technology?28 May 2024Thomson Reuters InstituteThe Role of Generative AI With Complex Contracting: Exciting Possibilities Emerge29 May 2024Epiq SystemsTrends in Attorney SEO Services: How They are Evolving?29 May 2024TechBullionSchumacher family wins legal action over fake AI interview29 May 2024Motor1.com UKUK law firms "turn to tech rather than job cuts" to adapt to future28 May 2024Legal FuturesLFFI Q1 2024 Analysis: Are law firms changing their attitude towards technology? - Thomson Reuters Institute 5 min28 May 2024Thomson ReutersThey May Have Failed To Inform Us, But They Knew! -- See Also28 May 2024Above The LawBecoming Certified as a Women-Owned Business in the Legal Tech Field28 May 2024Montage Legal GroupLegal drafting challenges, risks and opportunities in a year of transformation28 May 2024Financial Thomson ReutersStanford Will Augment Its Study Finding that AI Legal Research Tools Hallucinate in 17% of Queries, As Some Raise Questions About the Results28 May 2024LawSitesReed Smith: Empowering Clients with Cutting-Edge Legal Solutions28 May 2024Japan PCThe Future Shift: How Lawyers Can Thrive in the Midst of Change28 May 2024Illinois State Bar AssociationHow New Technology is Revolutionizing Personal Injury Law and Claim Settlements28 May 2024Robotics & Automation NewsEmpowering Employers: A Comprehensive Look at Littler, the Leading Employment and Labor Law Firm28 May 2024Japan PCColorado Enacts Nation's First AI Discrimination Law28 May 2024JD SupraNew First Of Its Kind UK Legal-tech Recruitment Platform Aims To...28 May 2024Business MondaysThe ABF Access to Justice Research Initiative hosts research conference with Wayne Law28 May 2024LegalNews.comLimited-Risk AI—A Deep Dive Into Article 50 of the European Union's AI Act28 May 2024WilmerHaleAI implementation & data protection regulation: German authorities publish guidelines for implementing AI in compliance with the GDPR28 May 2024White & CaseColorado Passes New Watershed AI Consumer Protection Bill28 May 2024Akin Gump Strauss Hauer & FeldOCR Finalizes HIPAA Privacy Rule to Support Reproductive Health Care Privacy28 May 2024Schiff Hardin

This Day in Legal History: 27th Amendment RatifiedOn May 7, 1992, a significant addition was made to the United States Constitution with the ratification of the Twenty-seventh Amendment. This amendment, which prohibits any law that increases or decreases the salary of members of Congress from taking effect until the start of the next set of terms of office for Representatives, addresses concerns about the ethical issues surrounding Congressional pay raises.The journey of the Twenty-seventh Amendment is particularly unique as it was one of the original amendments proposed by James Madison in 1789. Originally part of Madison's package that included what became the Bill of Rights, the amendment was intended to check Congress's power over its financial recompense. However, it failed to achieve the necessary support from three-fourths of the state legislatures at that time.The amendment languished in obscurity until the 1980s when a renewed interest in limiting Congressional privileges, spurred by public concerns over government fiscal irresponsibility and perceived excesses by lawmakers, brought it back into the national conversation. The resurrection of the amendment was largely driven by a grassroots campaign led by Gregory Watson, a University of Texas undergraduate who discovered the dormant amendment and spearheaded a national push for its ratification.By 1992, the required number of states had ratified the amendment, nearly 203 years after it was first proposed. This ratification process holds the record as the longest in U.S. history, showcasing the complexities and capricities of amending the Constitution.The Twenty-seventh Amendment's ratification marked a noteworthy instance of how citizen activism can influence constitutional law, illustrating the enduring nature of the document and the adaptability of its provisions to the evolving concerns of the American populace. It serves as a reminder of the power of persistence in civic engagement and the impact that individuals can have on national law.Today in the ongoing criminal trial of former U.S. President Donald Trump, centered around allegations of hush money payments, two significant developments have occurred. Trump, who faces charges of falsifying business records to cover up a $130,000 payment to adult-film actress Stormy Daniels before the 2016 election, stepped closer to facing jail time for contempt of court. Justice Juan Merchan has already fined Trump $10,000 for repeated violations of a gag order and warned that further infractions could lead to imprisonment. This legal action could potentially sway public opinion as the November elections approach, particularly among undecided voters.Additionally, Stormy Daniels is set to testify today, promising a pivotal moment in the trial. Her involvement stems from claims of a past encounter with Trump, which he denies. The prosecution aims to show that Trump was directly responsible for the illegal cover-up by labeling the reimbursement to his lawyer, Michael Cohen, as legal expenses. Trump's defense argues that Daniels' testimony is irrelevant to the alleged financial misconduct, attempting to keep the dispute centered on the allegation that the former president made financial misstatements.As we all well know at this point, this trial is just one of several legal challenges Trump faces, including accusations related to attempting to overturn the 2020 election results and mishandling classified documents. The outcome of this trial and Trump's compliance with court orders could significantly impact his political future and public perception as he runs for president again.Jail time for contempt could spell political trouble for Trump | ReutersStormy Daniels to testify in Trump hush money trial, media reports say | ReutersLaw firms have experienced a robust start to 2024, showing a significant recovery from a sluggish 2023 characterized by weak client demand and poor collection rates. According to the Thomson Reuters Institute's Law Firm Financial Index, which monitors 186 large and midsize firms, there has been a 1.9% increase in demand for legal services in the first quarter of 2024 compared to the same period last year. Billing rates also rose by 6.6%, with midsize firms notably driving much of this growth. Overall firm revenues increased by 5.7%, and profits grew by 5.8%, supported by a controlled rise in direct expenses of just 5.4%.The sector seeing the most growth in demand was litigation, which surged by 3.8%, followed by bankruptcy with a 3% increase, and labor and employment rising by 1%. However, corporate practices saw only a modest gain of 0.6%, and M&A practices experienced a decline of nearly 4%, with high interest rates posing additional challenges for recovery in this area.Despite the positive start, there remains some uncertainty about the ability of firms to collect on the increased billing rates due to previous declines in realization rates — the percentage of billed work that is actually paid. The impact of the 2024 billing rates will not be clear until the second quarter results due to billing cycles.Additionally, law firms are continuing to invest in technology, with spending up 6.6% above inflation, indicating a growing interest in new technologies, particularly those incorporating artificial intelligence. This investment suggests law firms are optimistic about the potential of AI to enhance their operations.Law firms kicked off 2024 with strong demand and profits, report finds | ReutersActivision Blizzard has been ordered by a Delaware federal jury to pay $23.4 million in damages for infringing patents related to multiplayer features in their popular games, including "World of Warcraft" and two "Call of Duty" titles. The lawsuit, filed by Acceleration Bay, which acquired the patents from Boeing, argued that Activision's games used their patented technology for online multiplayer networking. The jury awarded $18 million for violations linked to "World of Warcraft" and $5.4 million related to the "Call of Duty" games.Activision, however, contends that their technology does not infringe on Acceleration Bay's patents and believes there are strong grounds for an appeal. They had previously argued in court that if found liable, the damages should not exceed $300,000. Despite the verdict, Activision expressed disappointment and is considering its next steps in the legal process. Meanwhile, Acceleration Bay has expressed satisfaction with the jury's decision. This legal battle highlights ongoing issues in the gaming industry regarding the use and ownership of multiplayer networking technologies.Activision hit with $23.4 mln US patent verdict in multiplayer-gaming case | ReutersIn my column this week, I explore the evolving dynamics of property tax systems and suggest an income-adjusted approach to foster homeowner equity. The traditional property tax system, which levies a uniform rate based on property values, increasingly clashes with the financial realities of many homeowners whose incomes haven't kept pace with rising property values. This misalignment has led to higher foreclosure and mortgage delinquency rates. I propose a more equitable system that adjusts tax liabilities based on income, allowing tax burdens to scale with financial capacity, which could mitigate these issues.Traditional relief methods like reassessments or appeals often benefit those least in need and require resources that not all homeowners have. An income-adjusted system would simplify the process, eliminate the need for appeals, and align tax liabilities more closely with homeowners' ability to pay, enhancing both fairness and compliance.However, implementing such a system presents challenges, including the need for bipartisan political support and the integration of property and income tax systems to accurately assess individual financial situations. Despite these hurdles, rethinking property tax to include income-sensitive adjustments could lead to a more just tax system that reflects both market values and personal economic realities.Income-Adjusted Property Tax System Would Foster Homeowner Equity Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

Check out the TR 2024 Report on the State of the US Legal Market.Check out my new show, the Law for Kids Podcast.Get Connected with SixFifty⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, a business and employment legal document automation tool.Sign up for ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Gavel⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ using the code LAWSUBSCRIBED to get 10% off an annual subscription.Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Law Subscribed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to subscribe to the Substack newsletter to get notified about every episode, listen from your web browser, and for additional content.Follow ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@lawsubscribed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠everywhere⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.Sign up for the Subscription Seminar waitlist at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠subscriptionseminar.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.Check out ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Mathew Kerbis'⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ law firm ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscription Attorney LLC⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Get full access to Law Subscribed at www.lawsubscribed.com/subscribe

In the latest Thomson Reuters Institute Insights podcast, Natalie Runyon, strategist for environmental, social & governance (ESG) content at the Thomson Reuters Institute, speaks with Sarah E. Fortt, partner and global co-chair of the ESG Practice at Latham & Watkins, about the Securities & Exchange Commission (SEC) imposing a stay on its own climate rules amid pending litigation. In the podcast, the pair discuss the implications of the SEC's new rules, when the pending litigation can be resolved, and what companies need to do now to navigate the rules' uncertainty.

A legal tech startup, Patlytics, secured $45 million in funding to revolutionize patent intelligence using AI, empowering patent professionals to automate key processes. There is a cautious optimism about changing risks in the UK legal market, with an emphasis on the growing importance of AI and risk management. Additionally, the integration of AI in the legal sector is proving transformative, although concerns about professional liability and privacy risks persist. Moreover, there are significant developments in the legal AI space, including the introduction of KL3M, a large language model specifically developed for the legal market, and discussions about federal data privacy laws and ethical guidelines for AI use. Patlytics Secures $4.5 Million Led by Gradient, Google's AI-fund, to Transform Patent Intelligence with AI17 Apr 2024Legal Tech BlogJustia Webinars: Attorneys' Duties Towards Clients When Using Technology17 Apr 2024Legal Marketing & Technology BlogMitigating AI Risks for Customer Service Chatbots16 Apr 2024Debevoise Data BlogLegalEdCon 2024: First batch of speakers announced17 Apr 2024Legal Cheek2024 State of the UK Legal Market report: Cautious positivity and changing risks - Thomson Reuters Institute 5 min16 Apr 2024Thomson ReutersAI's legal leap: transforming law practice with intelligent tech16 Apr 2024Legal FuturesAmericans Deserve More Than the Current American Privacy Rights Act16 Apr 2024Electronic Frontier FoundationThe Prompt: Machine Learning Paradise16 Apr 2024Forbes.comOn LawNext: All About KL3M, The First LLM Built From Scratch for Legal, with 273 Ventures' Jillian Bommarito16 Apr 2024LawSitesMajor legal AI tool set is expanding its capabilities16 Apr 2024ABA JournalBeyond TikTok: Unraveling the American Data Dilemma16 Apr 2024JD SupraAG Campbell Issues Advisory Providing Guidance On How State Consumer Protection And Other Laws Apply To Artificial Intelligence16 Apr 2024Mass.gov Navigating Personal Liability: Post–Data Breach Recommendations for Officers16 Apr 2024Corporate Compliance InsightsTwo Launches Today from vLex: A Gen AI Document Analyzer for Litigation and Transactions, and A Co-Development Lab to Help Customers Adapt AI16 Apr 2024LawSitesGain An Instant Understanding Of New Complaints With LexisNexis Snapshot [Sponsored]16 Apr 2024Above The LawAI's Role in Deposition Preparation & Analysis16 Apr 2024JD SupraFP Snapshot on Manufacturing Industry: 3 Artificial Intelligence Bills Employers Should Track16 Apr 2024Fisher & Phillips LLPELVIS Act Becomes Law; Tennessee Safeguards Against AI Deepfakes16 Apr 2024Adams & Reese LLPKentucky Enacts Comprehensive Data Privacy Law16 Apr 2024White & CaseLowenstein Sandler Launches Custom GPT Chatbot16 Apr 2024Lowenstein Sandler PCWebinar Playback: Privacy Titans: Optimizing Our Neural Networks16 Apr 2024Dorsey & Whitney LLP

Generative artificial intelligence (GenAI) is here — and now, it's on professionals in the legal, tax, government, and risk & fraud sectors to adopt it. On this week's Thomson Reuters Institute Insights podcast, Zach Warren, manager of Tech & Innovation content for the Thomson Reuters Institute, speaks with Joel Hron, the head of Thomson Reuters Labs, — live from Stanford University's CodeX FutureLaw conference — about the newly published Generative AI in Professional Services report, published by Thomson Reuters, and what GenAI's future looks like from a technological perspective.

While there's no guarantees a legal matter will end the way you hope, a few key strategies can help outcomes more closely match client goals. Lizzy Duffy, Senior Director of Client Relationships for the Thomson Reuters Institute, joins the latest Thomson Reuters Institute Insights podcast to discuss findings from the recent Secrets to successful matters report that can help clients and law firms achieve outcomes that both sides can define as successful.

Steve Assie, head of the Canadian business for Thomson Reuters, joins the Thomson Reuters Institute's Insights podcast to discuss some of the key findings from the recently released 2024 State of the Canadian Law Firm Market Report and the 2024 Canadian Government Lawyers Benchmark Report. Steve and host Bill Josten discuss findings from the report that Canadian lawyers generally view their law firms as successful and have a positive view for potential growth in the market in coming years, but also understand the potential downside they face from a variety of problems that they have yet taken steps to address. They also discuss the strong rates of early adoption of generative artificial intelligence (GenAI) by Canada's legal community and the potential that such technology could hold for innovation in the market and, in particular, for improving attorney mental health and well-being, a key area of focus for Canadian lawyers.  

Welcome to today's episode of "AI Lawyer Talking Tech." In this rapidly changing legal landscape, the impact of technology and innovation continues to shape the way legal professionals operate and interact with the industry. From digitizing 64 million U.S. case law documents to discussions on federal AI regulation, our podcast delves into the groundbreaking developments and profound implications of legal technology. Join us as we explore the challenges faced by Canadian law firms, the proactive measures urged to protect against legal scams using AI, and the intersection of AI and ethical considerations. We will also discuss the evolving compliance concerns and the importance of selecting the right law document management system. With a focus on the intersection of law and technology, today's episode promises to provide valuable insights into the dynamic world of legal innovation. Event Tomorrow Marks the End of Commercial Restrictions on the Caselaw Access Project that Digitized All U.S. Case Law07 Mar 2024LawSitesGreat Lakes Legal Conference returns with four legal education tracks07 Mar 2024Michigan Bar JournalLegal scholar talks federal AI regulation, innovation07 Mar 2024The GW HatchetThe DNA of Genetic Privacy Legislation: Montana, Tennessee, Texas, and Virginia Enter 2024 with New Genetic Privacy Laws Incorporating FPF's Best Practices07 Mar 2024Future of Privacy ForumWhat to Look For in Your Law Document Management System07 Mar 2024AllTopStartupsPrimer on Using State Court Trial Data for Business and Competitive Intelligence06 Mar 2024Articles, Tips and Tech for Law Firms & LawyersThe shape of money07 Mar 2024Law Society GazetteAI and Arbitration: The evolution of AI in the UAE07 Mar 2024Clyde & CoLawyers and AI: Key takeaways from being on a panel at a legal ethics conference07 Mar 2024evan.lawCanadian law firms & government lawyers faring well, but still facing challenges, 2 new reports show - Thomson Reuters Institute 5 min06 Mar 2024Thomson ReutersPublic Trust Liaison Urges Consumers to Check CA Attorney Profiles Before Hiring07 Mar 2024California Bar Journal6 Advantages of Cloud-Based Billing for Lawyers06 Mar 2024National Law ReviewOpenAI Responds to Elon Musk's Claims06 Mar 2024JDJournalA Blueprint For Collaboration And Efficiency Through Value-Based Pricing06 Mar 2024Above The Law10 Global Compliance Concerns for 2024: Advances in technology escalate fraud concerns07 Mar 2024Thomson Reuters InstituteLegalWeek 2024 Special Part Five - Dan Lear from LegalTrack07 Mar 2024The Geek In ReviewTop Legal Operations Interview Questions and Tips to Hire the Right Candidate06 Mar 2024MatterSuite By CaseFoxJustia Webinars: Converting Leads to Clients: Navigating the Critical Moments in Legal Consultations06 Mar 2024Legal Marketing & Technology BlogMarch 06, 202407 Mar 2024Phelps DunbarArtificial Intelligence Redefines Our Defense Against Cyber Threats07 Mar 2024Adams & Reese LLPThe BR Privacy & Security Download: March 202407 Mar 2024Blank RomeHow Artificial Intelligence Tools Can Increase Diversity06 Mar 2024LittlerNew Jersey's Daniel's Law—Understand the Risks from a Law with Good Intentions06 Mar 2024Venable LLPGenerative AI in Radio Broadcasting Raises Host of Legal Issues06 Mar 2024Pillsbury Law

Welcome to "AI Lawyer Talking Tech," where we dive into the intersection of law, technology, and innovation. Today's episode explores the ever-evolving legal innovation landscape, from bipartisan patent legislation shaping the future of patent eligibility for technology like personalized medicine and AI, to the global impact of legal technology and innovation initiatives. We'll also discuss the increasing use of generative AI in the legal industry and the ethical considerations surrounding its adoption, shedding light on how these advancements are revolutionizing legal operations and reshaping the role of lawyers in the digital age. Bipartisan Legislation Seeks to Clarify Which Inventions Are Patent Eligible12 Feb 2024JD SupraLearn, share, and connect with fellow Chief Legal Officers from around the world at a unique, timely conference12 Feb 2024Legal FuturesChile: New proposed changes to the Data Protection Law12 Feb 2024DataGuidanceOn government drone use, privacy advocates say: Not in my backyard12 Feb 2024Christian Science MonitorFlorida Bar Hands Down Opinion on AI Ethics12 Feb 2024Sui Generis-a New York Law BlogLearn, share, and connect with Ffllow Chief Legal Officers from around the world at a unique, timely conference12 Feb 2024Legal FuturesFailure to stamp out rogue behaviour ‘starting to look ridiculous' - LSB chief12 Feb 2024Law Society GazetteUK Tech Startup RobinAI Advocates for Light Touch AI Regulation12 Feb 2024MSN United StatesNew Era ADR Named 2024 New Law Company of the Year by ALM and Law.com12 Feb 2024Morningstar.com26% of legal professionals now use generative AI in law firms more than once per month12 Feb 2024Tech MonitorFour ways to use AI in law firm marketing today12 Feb 2024Legal FuturesWinter Vacation Programme (2024) and Practical Vocational Training (2025/2026)12 Feb 2024Baker & McKenzieLegalweek 2024: Current US AI regulation means adopting a strategic — and communicative — approach - Thomson Reuters Institute 6 min11 Feb 2024Thomson ReutersLawyers' use of generative AI "accelerating quickly"12 Feb 2024Legal FuturesOpenAI dragged to court by prominent authors10 Feb 2024CryptopolitanThe great migration of web3 projects from the US to Europe and now Asia10 Feb 2024Web TimesLegal ethics in the age of AI: Insights from the Brooklyn Bar Association and Kaylin Whittingham10 Feb 2024Brooklyn Daily EagleFourth Circuit Issues a Bummer Fair Use Ruling–Philpot v. IJR12 Feb 2024Technology & Marketing Law BlogLegalweek 2024: Current US AI regulation means adopting a strategic — and communicative — approach11 Feb 2024Thomson Reuters InstituteYouTube Still Isn't a State Actor–Albertson v. Google10 Feb 2024Technology & Marketing Law BlogCopyright Clash: The New York Times' Lawsuit Against Microsoft and OpenAI Reveals Complex Challenges in AI Training10 Feb 2024North Carolina Journal of Law & TechnologyColorado adopts universal opt-out requirements12 Feb 2024Berwin Leighton PaisnerPreparing for change: How businesses can thrive under the EU'S AI act12 Feb 2024Norton Rose FulbrightBreaking News: California Can Immediately Enforce CCPA Regulations – Your 7-Step Plan for Data Privacy Compliance12 Feb 2024Fisher & Phillips LLPEnforceMintz — Tech Corner: Q&A with Mintz's E-Discovery Pro Regarding Artificial Intelligence10 Feb 2024Mintz Levin

Jay Courie, Managing Member at MGC Law joins the Thomson Reuters Institute team for the latest installment of the Designing Your Candidate podcast series to discuss what his firm is looking for when hiring associate lawyers. Whether lateral attorneys or new hires, the skillsets that associates need to succeed in the legal market today and in the future are becoming more diverse and more complex.

Welcome to the "AI Lawyer Talking Tech" podcast. In today's episode, we delve into the ethical implications of artificial intelligence in the legal field. From the recent case in the Second Circuit where an attorney used an AI tool to generate nonexistent legal citations to the growing influence of AI in shaping the future of the legal landscape, we'll explore the pressing need to understand and navigate the ethical quandaries arising from the use of AI in legal practice. Join us as we unravel the complexities and challenges at the intersection of technology and the legal profession. AI-Powered Digital Watermarks Could Swiftly Speed up Copyright Infringement Cases, Study Finds02 Feb 2024Tech TimesMinisters warned copyright law ‘failing' as AI firms steal creative's content02 Feb 2024Business Matters MagazineDeepfake images continue to cloud social media. Can they be stopped?02 Feb 2024Pittsburgh Tribune ReviewLegalweek 2024: How to traverse the treacherous cyber terrain? Start by keeping it simple - Thomson Reuters Institute 7 min01 Feb 2024Thomson ReutersWhich Software Is Best for Billing in a Law Firm?01 Feb 2024LexBlogLegal aid groups turning to artificial intelligence to help more people01 Feb 2024WCNCMarking Data Privacy Week With Four 2024 Predictions01 Feb 2024JD SupraIs Data Mining Illegal?01 Feb 2024DatamationElevating Your Law Firm's Content Marketing Strategy Through the Power of Attorney-Generated Content01 Feb 2024LexBlogCleaning Up Your CRM Data: Five Ideas to Get Started01 Feb 2024JD SupraLawyers Still Haven't Learned ChatGPT Just Isn't For Them01 Feb 2024Above The LawMore Ethics Guidance Arrives Amid Rapid Releases Of Legal AI01 Feb 2024Above The LawThe Power of Storytelling in Law Firm Branding01 Feb 2024PrintAI and You: Big Tech Says AI Regulation Needed, Microsoft Takes On Copyright Risks01 Feb 2024Tech EdvocateRELEASE: Report: State Laws are Failing to Protect Privacy01 Feb 2024EPIC – Electronic Privacy Information Center The non-culpability of ChatGPT in legal cases02 Feb 2024Language LogShaping the Future: The Need to Understand How We Can Build a Better Legal Landscape02 Feb 2024JD SupraIs Data Mining Illegal? 6 Best Practices To Keep You Safe01 Feb 2024DatamationForum: The Law Firm Pricing Conundrum in 202302 Feb 2024Thomson Reuters Institute

Welcome to the "AI Lawyer Talking Tech" podcast, where we delve into the latest advancements shaping the legal industry. In today's episode, we explore the revolutionary impact of AI chat services and innovative legal technology on transforming access to legal information. From FreeLawChatAI's 24/7 free legal advice to Clio's investment in tailored solutions for midsized law firms, we unravel the evolving landscape of legal tech and its pivotal role in meeting the growing demands for efficient and effective legal services. Join us as we uncover how these developments are reshaping the legal sector and empowering legal professionals to navigate the complexities of today's digital world. The AI Legal Apocalypse: Free AI Consultations, 24/730 Jan 2024InvestorsObserverACC 2024 CLO Survey, in Partnership with Exterro, Highlights CLOs Facing Intense Budgetary Pressures, Ranked Operational Efficiency as Top Strategic Initiative30 Jan 2024InvestorsObserverHarnessing the Power of AI in Law Firm Marketing and Business Development30 Jan 2024National Law ReviewTo Submit or Not to Submit: A Best Practices Guide for Law Firms Considering Submitting to The Chambers Legal Guides30 Jan 2024National Law ReviewClio Unveils New 2024 Report: Legal Trends for Mid-Sized Law Firms30 Jan 2024Morningstar.comLawPay Introduces Next Day Payments30 Jan 2024Morningstar.com8 strategies to help GCs manage growing workloads30 Jan 2024Financial Thomson ReutersClio Invests in Innovative Solutions for Mid-Market Success30 Jan 2024InvestorsObserverPatent Pro Bono report: Over $39.3 million donated in free legal services to inventors and small businesses30 Jan 2024US Patent and Trademark OfficeBar Council Issues Guidance on Responsible Use of AI Tools in Legal Services30 Jan 2024CryptopolitanPriori Launches New RFP, Reviews & Scorecarding Features in a Free Six-Month Early Access Program30 Jan 2024InvestorsObserverIt's Settled: Digital Class Action Payouts Improve Recipient Trust & Satisfaction30 Jan 2024Bluefield Daily TelegraphProven Digital Strategies to Increase ROI for Law Firms30 Jan 2024Legal ReaderYou've got a friend in me: How amicus briefs are helping the crypto industry win over the courts30 Jan 2024AOL.comElite Unveils Bold New Brand and Logo30 Jan 2024Morningstar.comLaw library welcomes law practice technologist 1/30/2430 Jan 2024University at Buffalo ReporterNothing 'inherently improper' about using AI, barristers told30 Jan 2024Law Society GazetteArtificial intelligence and the Bar30 Jan 2024Commercial Dispute ResolutionLegal regulator contacts over 1,000 law firms over poor sanctions compliance30 Jan 2024City A.M.Clifford Chance Adopts Technology to Ensure Office Attendance Compliance30 Jan 2024JDJournalWatch: The Impact of Biden's Executive Order on AI30 Jan 2024SupplyChainBrainRegulating Legal Tech to Increase Access to Justice30 Jan 2024The Regulatory ReviewDecentralized Finance (DeFi) protocols proposed as “critical infrastructure” for oversight30 Jan 2024CryptopolitanState of the US Legal Market 2024 analysis: Future-proofing productivity - Thomson Reuters Institute 7 min29 Jan 2024Thomson ReutersNavigating Copyright Challenges in the Age of Generative AI: The Anthropic Case29 Jan 2024Blogs – Aragon ResearchThis Is How Am Law 100 Law Firms Are Using Generative AI29 Jan 2024Above The LawDISCO Unveils Cecilia Deposition Summaries30 Jan 2024Legal Technology News - Legal IT Professionals | Everything legal technologyCopyright Ownership of Generative AI Outputs Varies Around the World29 Jan 2024GenAI-LexologySo What? From Data Dumps to Data Interpretation30 Jan 2024Legaltech on MediumMitigating liability while copyright law catches up with Artificial Intelligence30 Jan 2024GenAI-LexologyIntroduction to legal prompt engineering in generative AI29 Jan 2024GenAI-Lexology

This Day in Legal History: Great Britain Introduces an Income TaxOn January 9, 1799, a significant milestone was marked in the history of taxation with the introduction of Great Britain's first income tax. Initiated by British Prime Minister William Pitt, this tax was a revolutionary step in the country's fiscal policy. The context of its introduction was deeply rooted in the exigencies of war. In December 1798, Pitt announced the tax as a means to amass funds for the escalating war efforts against Napoleon Bonaparte, a critical juncture in European history.Pitt's income tax was not merely a financial mechanism but also a strategic tool, reflecting the gravity of the geopolitical situation at the time. It was a progressive tax, a concept relatively novel for its era, aiming to levy heavier taxes on the wealthier segments of society. This progressive nature marked a departure from the flat taxes commonly used, signifying an evolution in the understanding of equitable taxation.The tax, however, was short-lived in its initial form. In 1802, Henry Addington, Pitt's successor, repealed the tax. This repeal was a response to the temporary subsidence in hostilities. The peace was fleeting, and the return of conflict in the following year prompted Addington to reinstate the income tax. This on-and-off nature of the tax during these years mirrored the tumultuous period of the Napoleonic Wars.Significantly, the model of taxation that Addington implemented laid the groundwork for what would become the modern British income tax system. It set a precedent in tax structure and collection that has had a lasting impact. The evolution of this tax model reflects the interplay between fiscal policy and social priorities, a theme that has persisted through centuries of tax law development.Today, as we reflect on the introduction of Great Britain's first income tax, it serves as a reminder of the dynamic nature of tax law and its deep entwinement with the broader socio-political landscape. The story of this tax is not just a tale of revenue collection; it's a narrative about war, peace, and the ever-evolving understanding of economic justice.In a 2024 report by Georgetown Law's Center on Ethics and the Legal Profession and the Thomson Reuters Institute, law firms are facing a challenging year due to various factors including client demand, staffing, and the rise of artificial intelligence. The report, analyzing trends since 2009, indicates a shift in the legal market towards a buyer's market for legal services. Despite a marginal increase in the overall average demand for legal services in the previous year, transactional work has seen a decline. This is significant as many firms relied on transactional practices, particularly in mergers and acquisitions, to boost revenue in the past decade.The report highlights that midsize law firms performed better than top-grossing firms in terms of demand growth. However, the legal sector can no longer depend solely on transactional work due to reduced client spending and evolving market conditions. Interestingly, counter-cyclical practices like litigation and bankruptcy experienced growth in demand, contrasting the slowdown in transactional demand.The survey revealed a 6% increase in billing rates on paper, but actual charges to clients and collection rates have decreased. Law firms are also grappling with rising overhead and direct expenses, not yet accounting for recent associate salary increases. In response to these financial pressures, law firms are adjusting their staffing strategies, with midsized firms increasing their associate numbers more than larger firms.Clients are increasingly seeking more affordable legal services, opting for lower-priced firms, reflecting a cost-conscious attitude. Additionally, the emergence of generative AI poses uncertainties for the legal industry. Its impact on staffing, efficiency, and profitability is still unclear, but it could lead to clients handling more legal work in-house or enhance the efficiency of legal services.The report's authors expect 2024 to be volatile, particularly as election years often bring unpredictability. This projection suggests that the legal industry may not experience stability for some time, indicating a period of significant change and adaptation for law firms.Law firms face 'volatile' 2024 amid demand, staffing and AI risks - report | ReutersGoogle is facing a significant patent infringement lawsuit brought by Singular Computing, which could potentially cost the tech giant up to $7 billion in damages. The lawsuit, set to be tried in a federal court in Boston, accuses Google of infringing patents held by computer scientist Joseph Bates, the founder of Singular Computing. Bates alleges that Google used his patented technology in its processors to enhance AI features in various services such as Google Search, Gmail, and Google Translate.Google has responded by questioning the validity of Singular's patents and asserting that its processors were independently developed over many years. The company has also argued that its technology operates differently from the patented technology of Singular. In parallel, a separate legal proceeding is underway, where a U.S. appeals court in Washington will hear arguments on whether Singular's patents should be invalidated, a case that Google appealed from the U.S. Patent and Trademark Office.The trial, expected to last two to three weeks, centers around Google's Tensor Processing Units introduced in 2016 and subsequent versions in 2017 and 2018. These units are crucial for Google's AI capabilities, including speech recognition and content generation. The outcome of this trial could have significant financial and technological implications for Google.Google faces multibillion-dollar US patent trial over AI technology | ReutersThe Biden administration, through the U.S. Department of Labor, has issued a new rule that aims to redefine the classification of workers as employees instead of independent contractors. This move, set to affect industries reliant on contract labor, including trucking, manufacturing, healthcare, and app-based gig services, is anticipated to increase labor costs significantly. Under the new rule, workers will be considered employees if they are "economically dependent" on a company, a shift from the previous Trump administration's regulation which allowed more flexibility in classifying workers as contractors.The rule, which takes effect on March 11, has sparked concern among business groups and is expected to face legal challenges. It is designed to combat the misclassification of workers, a common issue in industries such as construction and healthcare, but its impact on gig economy companies like Uber and Lyft has attracted the most attention. These companies have expressed concerns but also believe the rule won't necessarily lead to their drivers being classified as employees.Acting U.S. Labor Secretary Julie Su emphasized the importance of this rule for low-income workers who would benefit from employee legal protections such as minimum wage and unemployment insurance. However, some business groups argue that the rule goes too far, potentially depriving millions of workers of flexibility and opportunity. Marc Freedman of the U.S. Chamber of Commerce criticized the rule for its potential to create confusion and inconsistency in worker classification, potentially leading to costly legal battles. Despite these concerns, the Labor Department will evaluate factors like a worker's chance for profit or loss, the level of control a company has over a worker, and the relevance of the work to the company's business to determine employee or contractor status.Biden administration issues rule that could curb 'gig' work, contracting | ReutersJohnson & Johnson (J&J) has tentatively agreed to pay approximately $700 million to settle an investigation by over 40 U.S. states into claims that it improperly marketed its talc-based baby powder without adequately warning about potential health risks. This settlement aims to prevent potential lawsuits that allege J&J concealed links between its talc powder and various cancers. The agreement, still in finalization, follows J&J's failed attempts to use bankruptcy courts to settle numerous lawsuits accusing it of hiding the health risks of its baby powder.The litigation, which has been ongoing for a decade, has had a noticeable impact on J&J's stock price and overall market performance. Initially, J&J had proposed a $9 billion settlement for all current and future baby powder claims through a bankruptcy filing of one of its units. The company had previously set aside $400 million to resolve U.S. states' consumer protection claims, which was increased following mediation.However, the proposed settlement does not include suits by Mississippi and New Mexico, which are seeking higher settlements due to their ongoing litigation efforts. These states argue for significant damages based on the extensive sale of baby powder without cancer warnings over several decades.J&J faces broader legal challenges beyond this settlement, with over 50,000 lawsuits alleging that its talc-based products, contaminated with asbestos, pose a cancer risk. Despite maintaining that its products do not cause cancer and appropriately marketing its baby powder for over a century, J&J has faced numerous court losses and large damage awards. In response to declining sales and ongoing litigation, J&J discontinued its talc-based powders in the U.S. and Canada in 2020 and pledged to replace talc with cornstarch in its products globally by the end of the previous year.J&J to Pay $700 Million to Settle States' Talc Investigation (2)In my latest column, I explore the potential of tax policy as a solution to address the critical issue of water depletion. Water, our most finite resource, has been overexploited for decades, leading to alarming groundwater depletion in the United States since 1900. As climate change disrupts the distribution of freshwater resources, tax policy emerges as a possible remedy.Drawing inspiration from the success of the Pajaro Valley's water tax, which effectively curbed water usage while mitigating saltwater infiltration and crop destruction in the California desert, I delve into the implications of such a tax on a broader scale. Overuse of aquifers goes beyond water depletion; it can result in aquifer failure, which is often difficult and expensive to repair.Tax policy, a tool for making resource users bear the true cost of their actions, is especially pertinent to address the tragedy of the commons observed in groundwater use. By internalizing the cost of water extraction and its associated damages, a water tax can incentivize responsible water use.However, the effectiveness of a water tax not only lies in its implementation but also in wise investment of the revenue generated. I propose allocating funds toward promising technologies like hydropanels that generate clean drinking water from the air, as well as improving existing water transport, storage, and recapture systems.Investments in desalination, water recycling, and more durable water storage and transport methods can further mitigate water loss. Research grants and public-private partnerships can accelerate technology development and infrastructure improvement.In conclusion, the Pajaro Valley's success with a water tax demonstrates the potential of tax policy to manage our vital water resources effectively. By deterring overuse, internalizing costs, and directing revenue toward innovative solutions, we can shift from water consumption to responsible stewardship, ensuring the sustainable management of this essential resource.Taxing Water Is the Only Way to Limit Use and Reduce Depletion Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

In the latest Thomson Reuters Institute podcast, our resident experts Natalie Runyon, Zach Warren, and Rabihah Butler share their 2024 predictions for employers and professionals within the legal, tax & accounting, and risk & compliance industries — with a special eye toward environmental, social & governance (ESG) issues, regulatory developments, and the impact of artificial intelligence — in the first part of our premier podcast of 2024.

In the final episode of the Thomson Reuters Institute Insights podcast for 2023, Mike Abbott, Head of the Thomson Reuters Institute, speaks with Laura Clayton McDonnell, President of Thomson Reuters' Corporates business. The pair discuss highlights from the recent Future of Professionals: C-Suite Survey and the varying perspectives on generative artificial intelligence (Gen AI), one of the most game-changing innovations impacting companies today. The podcast also explains where members of corporate C-Suites are focused right now and how the rise of Gen AI may impact their goals.

In the latest Thomson Reuters Institute Insights podcast, we feature a discussion with colleagues Alexander Robson, Managing Editor, and Lindsey Rogerson, Senior Editor at Thomson Reuters Regulatory Intelligence (TRRI) of the key highlights from this year's UN Climate Change conference known as COP 28. This episode of our Insights podcast is part of a collaboration between the Thomson Reuters Institute and TRRI around the launch of the new white paper ESG: Navigating past the noise, which was authored by TRRI and published by the Thomson Reuters Institute.

In our latest Thomson Reuters Institute Insights podcast, Natalie Runyon, ESG strategist with the Thomson Reuters Institute speaks with colleagues Lucy Leach, Director of Technical Research, and Tom Snavely, Principal Consultant and advisor to law firms, about the talent-related insights revealed in the recently published Thomson Reuters Future of Professionals report. The podcast discusses the report's research around generative artificial intelligence and how it relates to professional service firms' talent challenges as well as client and lawyer satisfaction.

Aaron Boersma from Google and Shanna Davidson from Barnes & Thornburg join the Thomson Reuters Institute Insights podcast to discuss client and law firm perspective on some of the key findings from the Thomson Reuters Institute's recent Legal Department Operations (LDO) Index report. As clients find themselves seemingly caught between the challenge of needing to control costs and the realities of increasing legal matter volumes with little by way of additional staffing or budget to manage those new matters, they must look for creative way to “do more with less” and will likely be relying more on outside counsel. While this presents opportunities for law firms, it can also be a breeding ground for worry as clients increasingly look to shuffle work around in search of greater cost effectiveness. This podcast's buy-side/sell-side discussion of these topics and more sheds new light on the challenge that corporate legal department operations professionals face today, what law firms are doing to help, and what more can be done.

In the latest episode of the Thomson Reuters Institute Insights podcast, Nadya Britton, the Enterprise Content Manager for Tax and Trade at the Thomson Reuters Institute, sat down with Suzanne Offerman, Director of Outbound Product Marketing ONESOURCE Global Trade at Thomson Reuters, to discuss key insights from the recently released 2023 Corporate Global Trade Survey Report . In the podcast, the pair discussed the talent gap in global trade compliance, and how companies are increasingly outsourcing and turning to technology for solutions. They also spoke about how integrating advanced technologies offers significant benefits to global companies, and how many considerations around environmental, social & governance (ESG) issues have become pivotal in supplier relations.

In the latest episode of the Thomson Reuters Institute Insights podcast, Nadya Britton, the Enterprise Content Manager for Tax & Accounting content at the Thomson Reuters Institute, spoke with Pilar Mata, Executive Director of Tax Executive Institute, about the findings from the Institute's 2023 State of the Corporate Tax Department survey report. The discussion shed light on the present landscape and future trends within corporate tax departments, particularly concerning technology adoption and talent management — two themes that stood out in the report. As the podcast highlights, the shift towards technology and automation has become the focal point for many tax departments and many department leaders said they are proud of their departments' achievements in this area.

In the latest episode of the Thomson Reuters Institute Insights podcast, Brent Turner, principal consultant within the Thomson Reuters Institute's advisory services, speaks with Jessica Pavlik, chief operating officer at law firm Berger Singerman about how she is leading efforts to navigate the complexity of the latest economic environment and technology trends at play within the legal industry.

More than 100 leading academics and senior leaders of professional organizations came together recent at the Professions Summit: Leading through Uncertainty to Clarity, to discuss current organizational challenges and their implications for professionals. In our latest podcast, Natalie Runyon, ESG Strategist for the Thomson Reuters Institute, sits down with Summit organizer Laura Empson, Professor in the Management of Professional Service Firms at the Bayes Business School at the University of London, to discuss key take-aways and highlights from the event.

On this day in legal history, August 7, 1789, Congress passed an act known as the 9th Act of the First Congress, which established the Lighthouse Service. This marked a crucial commitment to maritime navigation safety in the United States and was a key piece of legislation designed for the establishment and support of lighthouses, beacons, buoys, and public piers. Remarkably, this was the first non-revenue responsibility assigned to Collectors of Customs. They were tasked with the design, construction, staffing, and management of lighthouses within their Customs districts, broadening their role beyond mere revenue collection. Two centuries later, the importance of this act was commemorated when Congress designated August 7, 1989, as National Lighthouse Day, celebrating both the history and the continued significance of lighthouses and other navigational aids in American maritime history.National Lighthouse Day – August 7thRoger Johnson, a prominent M&A partner at Kirkland & Ellis in London, specializing in private equity deals, was asked to leave the firm after it was discovered he was in talks with a rival company. Johnson, who joined Kirkland from Linklaters in 2015, was instrumental in the U.S. firm's efforts to expand into the private equity M&A sector in London. His departure was confirmed by a spokesperson from Kirkland, who wished him well but declined to comment further on personnel matters. Johnson's recent achievements include representing EQT in a £4.5 billion takeover of Dechra, a veterinary pharmaceuticals company. This personnel change follows the departure of David Holdsworth, a fellow Linklaters alumnus, from Kirkland last year. Separately, on August 2, Kirkland announced the hiring of Alvaro Membrillera, Paul Weiss's London head, a highly rated private equity M&A partner. Meanwhile, Kirkland's average equity partner pay reached $7.5 million in 2022, with the firm's revenue rising nearly 8% to $6.5 billion.Wake Up Call: Kirkland Boots Deals Partner Over Talks With RivalKirkland & Ellis M&A star asked to leave after exit plans leakedDonald Trump's lawyers have dropped a lawsuit in Georgia seeking to force a state judge to rule on Trump's request to discard evidence gathered by a special purpose grand jury and to disqualify Fulton County District Attorney Fani Willis from the investigation. This decision came three days after the judge denied the request to remove Willis. Though disagreeing with Judge Robert McBurney's ruling, Trump's lawyers stated that they will explore other channels to seek judicial review. Fulton County DA Willis plans to decide this month whether to ask a new grand jury to charge Trump and his associates. The special purpose grand jury Trump is challenging had only an advisory role and could not indict. This legal maneuvering comes as Trump already faces three other indictments. Additionally, the Fulton County Sheriff's Office announced they will close streets around the courthouse for two weeks starting August 7th as a security measure.Trump Drops Georgia Lawsuit Over Grand Jury, Promises New CaseDemocratic presidential candidate Robert F. Kennedy Jr. has filed a lawsuit against Google LLC for removing his YouTube videos that questioned the safety of Covid-19 vaccines. Kennedy, a well-known anti-vaccine activist, labeled the company's medical misinformation policies as “impermissibly vague” and the video removal as “unconstitutional,” asserting it violated his First Amendment right to free speech. The lawsuit also criticized the Biden Administration, claiming officials colluded with tech companies to “censor dissenting views” on the pandemic. Kennedy has faced significant backlash for his misleading claims about vaccines and controversial remarks related to the pandemic. The lawsuit reflects broader critiques against social media platforms implementing policies to combat misinformation. YouTube defended its actions, stating that it enforces its Community Guidelines transparently and consistently, and a Google spokesperson described the claims as meritless. Kennedy, seeking an order to restore all removed videos and demanding a jury trial, likens YouTube to a “digital town square” where censorship of political speech is inappropriate.RFK Jr. Sues Google, YouTube For Removal of Anti-Vaccine SpeechOn Sunday, Donald Trump targeted the federal judge overseeing the case that charges him with conspiring to overturn the 2020 presidential election. Trump expressed in a social media post that he cannot receive a fair trial from U.S. District Judge Tanya Chutkan and intends to seek her recusal and a change of venue. No formal request has yet been filed. Trump faces a Monday deadline to respond to a proposed protective order meant to shield witnesses and evidence after Chutkan denied his request for a delay. Trump's lawyer, John Lauro, defended Trump's actions after the 2020 election loss, referring to them as "aspirational asks" rather than directives, and expressed opposition to the protective order. Former Vice President Mike Pence countered Trump's claims, saying he had no right to overturn the election result. Additionally, Trump is facing other legal troubles, including possible charges in Georgia, along with ongoing charges related to classified documents and hush money payments.Trump targets DC judge in 2020 election case | ReutersAccording to a new report from the Thomson Reuters Institute, large and midsized law firms experienced a boost in financial performance in Q2 2023, with demand growth for legal work in specific areas like bankruptcy, labor and employment, litigation, and antitrust. The demand increased by 1.5% year-over-year, and the Law Firm Financial Index jumped six points in Q2 to reach its highest level since Q1 2022. The average rate a client agreed to pay for legal services grew by 5.9% in comparison to the same period the previous year. Demand specifically grew for bankruptcy work (5.7%), antitrust and regulatory work (4.6%), and labor and employment work (2.4%), with litigation climbing by 4%. On the other hand, demand for mergers and acquisitions fell by 6%, and real estate demand dropped by 8.4%. The report also highlights differing tactics between midsize and large firms to strengthen profitability, with midsize firms increasing their associate headcount, and top 100 firms trimming theirs. While some large U.S. law firms have made layoffs, the industry is not conducting mass layoffs like in the 2008 financial crisis.Law firms saw rising demand in Q2, report says | ReutersElon Musk's social media platform, X, formerly known as Twitter, will pay legal bills for users who have been treated unfairly by employers for posting or liking something on the site. Musk announced this commitment in a post on X, stating that there would be no limits to funding the legal bills. He also emphasized that legal action would be "extremely loud," and that the company would target the boards of directors of offending companies. This move comes at a time when the platform is experiencing a new high in monthly users, with over 540 million as of last month. X is currently going through organizational changes and is aiming to boost falling advertising revenue. The platform was rebranded from Twitter to X in July, with Musk stating a new focus on building an "everything app." However, the platform's cash flow remains negative due to a nearly 50% drop in advertising revenue and a substantial debt load, with an expected upturn in advertising revenue failing to materialize in June.Musk's X to pay legal bills of people 'unfairly treated' for posting on platform | Reuters Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

Fraud, waste & abuse in government are very important topics in a time when many government agencies are being asked to do more with less and are attempting to use technology to bridge the gap while bringing new staff up to speed. With the global pandemic moving to the rearview, government workers must focus on the monumental task ahead, including improving their efficiency and technical ability. In the latest episode of the Thomson Reuters Institute Insights podcast, Rabihah Butler, Enterprise Content Manager, speaks to Andrew Pellington, Senior Director in Product Marketing for Thomson Reuters, about the upcoming Government Fraud, Waste & Abuse Report from the Thomson Reuters Institute.

Compliance officers are operating with limited sets of resources while simultaneously managing a diverse and expanding range of subject areas where the volume of regulatory change is expected to increase. The 14th annual Cost of Compliance, published by Thomson Reuters Regulatory Intelligence, found costs are expected to increase with difficulties recruiting appropriately skilled staff also reported.In this episode of Compliance Clarified, managing editor, Alex Robson, is joined by Mike Cowan, senior regulatory intelligence expert, on the findings of the report. The research was carried out before the latest developments in generative AI, which they also discuss.In 2022, the number of regulatory events monitored by TRRI was 61,228, the third-highest annual total since 2008. This figure covered 1,374 regulators in 190 countries, equivalent to an average 234 daily alerts. And in the coming year 73% of respondents said they expected an increase in regulatory activity.This increase in regulatory activity was also seen as a compliance challenge for both corporate boards and compliance officers were keeping up with the volume and implementation of regulatory change and managing growing regulatory expectations featured prominently in many respondents' responses.The "Compliance Clarified" podcast series covers the wide range of topics which affect compliance at financial services firms and aims to help compliance officers make sense of the often-challenging regulatory environment. It considers the big challenges of the day and offers practical ideas for emerging good practice.Programme notes:Visit the Thomson Reuters Institute to download a free copy of the report: www.thomsonreuters.com/en/institute.htmlSubscribers to Regulatory Intelligence can find a copy on the home page. Compliance Clarified is a podcast from Thomson Reuters Regulatory Intelligence.Listen to wide-ranging, insightful discussions on all things compliance for financial services firms. We delve into the hot topics of the day, the challenges faced and offer up practical ideas for emerging good practice. We de-mystify regulation and explore the art, as well as the science, of the ever-expanding role of the compliance officer.  Enforcements, digital transformation, regulatory change, governance, culture, conduct risk – anything and everything impacting the compliance function is up for discussion.

As demand for legal services shifts and tightens, how law firms differentiate themselves in the market is critical. Jen Dezso, director of client relationships for the Thomson Reuters Institute, joins the podcast to discuss recent research into how law firms are effectively developing standout brand positions and the importance of clear brand equity for law firms. While it can be tempting to try to be all things to all clients, the research shows that, much more often, those law firms that have the strongest brand identities are the firms that are known for excellence in specific areas.

In our latest podcast, Nadya Britton, tax & accounting specialist for the Thomson Reuters Institute, chats with Corey Greene, Senior Product Marketing Manager at Thomson Reuters, about some of interesting findings around operational efficiency from the 2023 State of the Tax Professional Report. Although efficiency isn't a new concept for most businesses, until recently it was hardly something a tax & accounting firm would see as a strategic priority. In this new report, however, efficiency was listed as the number one priority. In the podcast, the pair discusses how tax & accounting firms can optimize their operations to maximize productivity, and provide-quality services to clients and reduce costs.

As the world buzzes about the chaos caused by 21-year-old Jack Teixeira and the online chat service Discord, the new Thomson Reuters Institute Insights podcast examines the real conversation around the data breach controversy and other security concerns. Rabihah Butler, corporate compliance & risk specialist for the Thomson Reuters Institute, speaks to Jim Dinkins, former executive associate director of Homeland Security Investigations, who provides a unique perspective on the data breach. In a world of checks and balances, where privacy is competing with security, the pair discusses how best to keep the balance.

In the new Thomson Reuters Institute Insights podcast, Zach Warren, technology specialist for the Thomson Reuters Institute, revisits the "2023 Alternative Legal Services Provider (ALSP) Report" with Jim Jones, Senior Fellow at the Center on Ethics in the Legal Profession at Georgetown University. Now a few months out from the report's initial release, Jim and Zach explore what surprised them from the results, including how quickly the ALSP market has grown in such a short amount of time, and how law firm attitudes towards ALSPs are shifting.

As we move forward from the collapse of Silicon Valley Bank, compliance and banking regulation become more of a focus. In the latest Insights podcast from Thomson Reuters Institute, we speak with Todd Ehret, of Thomson Reuter Regulatory Intelligence, about how regulators, financial industry leaders, and politicians can look objectively at the red flags that were missed and prevent a bank crisis from happening again. 

In the latest Thomson Reuters Institute Insights podcast, we sat down with Chief Justice Maureen O'Connor, retired from the Supreme Court of Ohio, to discuss the current state of the nation's court system, as laid out in Thomson Reuters Institute's recently published 2023 State of the Courts Report. Our conversation covers the courts' digital divide, the ongoing impacts from the COVID-19 pandemic, and the work she did on the Task Force on Improving Court Operations Using Remote Technology. 

In the latest Thomson Reuters Institute Insights podcast, available on the Thomson Reuters Institute Insights podcast channel, we dive deep into the recently published 2023 Report on the State of the Legal Market, produced by the Thomson Reuters Institute and the Georgetown Law Center. In the podcast, we examine some of the themes discussed in the report, and in particular some of the things that media coverage may have overlooked, with Jim Jones, Senior Fellow at the Center for the Study of the Legal Profession at the Georgetown Law Center and the report's chief author.

In the most recent Thomson Reuters Institute Insights podcast, available on the Thomson Reuters Institute Insights podcast channel, we are joined once again by Lizzy Duffy, a senior director with the Thomson Reuters Institute's global client services team. Duffy shares with us some surprising findings around just how powerful a team of lawyers that the client feels operates in a truly collaborative fashion can be for the law firm that employs them.

In this week's podcast available on the Thomson Reuters Institute channel, Lindsey Rogerson and Henry Engler, editors with Thomson Reuters Regulatory Intelligence, speak with Natalie Runyon, director of ESG content for Thomson Reuters Institute, about the newly released SPECIAL REPORT: ESG Under Strain, which digs deep into the current challenges governments and companies are facing on the ESG front.

A lot of attention has been paid lately to lateral hiring and associate compensation, but changes are also taking place in law firm staffing.  Thomson Reuters Institute recently completed its annual analysis on law firm staffing ratios.  Today, we'll talk about what the new trends are with Isaac Brooks, senior industry data analyst and Natalie Runyon, director, ESG content and advisory services.

In this latest Thomson Reuters Institute podcast, we explore what artificial intelligence actually means in the legal industry and how it can be a boon to a law practice.

I spent two days at the 2022 International Legal Technology Association conference interviewing leaders about key trends and developments that are impacting the profession. Thanks to David Carns of Casepoint, Brian Kenneally of Bundledocs, Josh Baxter of NetDocuments, Kalina Leopold of Lupl, Olga Mack of Parley Pro, a LexisNexis company, Steve Irons of DocSolid, Tom Dreyfus of Josef, Tori Kim of eBrevia, and Zach Warren of Thomson Reuters Institute for sharing their perspectives on the road ahead for legal tech.

I spent two days at the 2022 International Legal Technology Association conference interviewing leaders about key trends and developments that are impacting the profession. Thanks to David Carns of Casepoint, Brian Kenneally of Bundledocs, Josh Baxter of NetDocuments, Kalina Leopold of Lupl, Olga Mack of Parley Pro, a LexisNexis company, Steve Irons of DocSolid, Tom Dreyfus of Josef, Tori Kim of eBrevia, and Zach Warren of Thomson Reuters Institute for sharing their perspectives on the road ahead for legal tech.

In the latest podcast available on the Thomson Reuters Institute channel, we speak with Elizabeth Duffy, Senior Director of Global Client Services at the Thomson Reuters Institute, about law firms' efforts to proactively seek out their clients' thoughts and attitudes in a formal client feedback program.

TIn the latest podcast available on the Thomson Reuters Institute Market Insights channel, Nadya Britton, Enterprise Content Manager for tax & accounting at the Thomson Reuters Institute, speaks with Kell Canty, a fintech pioneer, early Bitcoin adopter, and co-founder of Ledgible, a crypto tax and financial reporting platform company.

Il Report on the State of the Legal Market 2022, pubblicato dal Center on Ethics and the Legal Profession presso il Georgetown University Law Center e il Thomson Reuters Institute, esamina la performance degli studi legali statunitensi e scompone i fattori che spingono gli stessi studi ad assumere una visione più strategica e a più lungo termine delle loro posizioni di mercato.>> Leggi anche l'articolo: https://bit.ly/3wI23iW>> Scopri tutti i podcast di Altalex: https://bit.ly/2NpEc3w

In the latest podcast available on the Thomson Reuters Institute Market Insights channel, Bill Josten, manager of legal industry and law firm content at Thomson Reuters Institute, recently spoke with Randy Staggers, Chief Financial and Administrative Officer at Baker Donelson, about the findings of the Dynamic Law Firms Report, and whether and how law firms can model similar success within their own businesses.

In the latest podcast available on the Thomson Reuters Institute Market Insights channel, we speak to Jennifer Dezso, Director of Client Relations at Thomson Reuters Market Insights and Thought Leadership, about the recent Thomson Reuters Institute's 2022 State of Corporate Law Departments report.

In the latest podcast available on the Thomson Reuters Institute Market Insights channel, Gina Jurva, of the Thomson Reuters Institute, speaks with Kelsey Nicol, of Thomson Reuters; and Lyndsey Wurst, Legal Operations Manager at Securian Financial.   The podcast features a preview of Nicol and Wurst's upcoming panel at the Corporate Legal Operations Consortium (CLOC) Global Institute titled, The Modern Legal Department transformation and Next-Gen Tech for Legal Operations.

In our latest podcast, available on the Thomson Reuters Institute Market Insights channel, Gina Jurva, attorney and manager of market insights and thought leadership content for corporate and government at the Thomson Reuters Institute, speaks with Amanda Dupont, an attorney and public records specialist at Thomson Reuters, about the 2022 Thomson Reuters Anti-Money Laundering Insights Survey.

Join us on Be Brave at Work as we speak with Phyllis Weiss Haserot. Phyllis, “the cross-generational voice,” is a facilitator, marketing/business development strategist, speaker, podcaster, and best-selling author focused on the business of uniting People, Purpose, Potential and Profits across the generations at work. Phyllis brings multi-generational perspective, curiosity, extensive marketing and conflict resolution experience to help organizations solve intergenerational challenges with clients, external stakeholders and for internal teams, including attraction/retention, knowledge transfer and succession planning. The desired outcomes are greater GENgagementtm harmony, productivity and profit. Clients often say she has an unusual ability to relate to all the different generations - and, in turn, to help them to better understand each other and work harmoniously. Fostering inclusion and belonging has always been a part of her work since an early career as an urban planner. Over three decades as President of Practice Development Counsel, Phyllis has been a trailblazer as both business development consultant to professional service firms and in delivering multigenerational workplace solutions to a variety of industries. Phyllis is co-host of the Legacy-Makers@Work podcast and author of You Can't Google It!: The Compelling Case for Cross-Generational Conversation at Work, Embrace GENgagement: How to Transform Generational Challenges to Opportunities for You and Your Firm, and The Rainmaking Machine, and frequent speaker, blogger, podcast guest and Thomson Reuters Institute columnist. Links of Interest LinkedIn Twitter Facebook You Can't Google It Website PDCounsel Website You Can't Google It!: The Compelling Case for Cross-Generational Conversation at Work A special thank you to our sponsor, Cabot Risk Strategies. For more information, please visit them at CabotRisk.com Please click the button to subscribe so you don't miss any episodes and leave a review if your favorite podcast app has that ability. Thank you! More information about Ed, visit Excellius.com © 2022 Ed Evarts

In this latest podcast on the Thomson Reuters Market Insights channel, Bill Josten, manager of legal industry and law firm content at Thomson Reuters Institute, speaks with Jim Jones, a senior fellow with Georgetown Law and the chief author of the recent 2022 Report on the State of the Legal Market, about some of topics that have garnered the most attention since the report's release, as well as a few topics that have perhaps flown a bit more under the radar.

Today Phyllis Haserot shares simple strategies for fostering communication between generations within your organization. Listen in as Deborah and Phyllis discuss teaching younger team members tasks vs. strategies, the importance of mentorship and relationship development, and common generational stereotypes that are creating communication barriers within your team.   Phyllis Weiss Haserot, “the cross-generational voice,” is a facilitator, marketing/business development strategist, speaker, podcaster, and best-selling author focused on the business of uniting People, Purpose, Potential and Profits across the generations at work. Phyllis brings multi-generational perspective, curiosity, extensive marketing and conflict resolution experience to help organizations solve intergenerational challenges with clients, external stakeholders and for internal teams, including attraction/retention, knowledge transfer and succession planning. The desired outcomes are greater GENgagementtm harmony, productivity and profit. Clients often say she has an unusual ability to relate to all the different generations - and, in turn, to help them to better understand each other and work harmoniously.  Fostering inclusion and belonging has always been a part of her work since an early career as an urban planner. Over three decades as President of Practice Development Counsel, Phyllis has been a trailblazer as both business development consultant to professional service firms and in delivering multigenerational workplace solutions to a variety of industries. Phyllis is co-host of the Legacy-Makers@Work podcast and author of You Can't Google It!: The Compelling Case for Cross-Generational Conversation at Work, Embrace GENgagement: How to Transform Generational Challenges to Opportunities for You and Your Firm, and The Rainmaking Machine, and frequent speaker, blogger, podcast guest and Thomson Reuters Institute columnist. Her fun passions are musical & other theater, improv, wearable art, baseball, travel, wine and meeting people who bring her new perspectives.   You can connect with Phyllis in the following ways: pwhaserot@pdcounsel.com https://www.youcantgoogleit.com https://www.pdcounsel.com https://www.linkedin.com/in/pwhaserot https://twitter.com@phylliswhaserot https://www.facebook.com/phyllis.weiss.haserot   Are you a CEO dealing with change? Part inspiration, part strategy, I've created this resource for CEO's who leading their team through a rapid transition and looking for a resource and guide to help them stay confident, focused, and a mentor for others. You can download it here: https://mailchi.mp/coviellocm/the-ceos-compass See omnystudio.com/listener for privacy information.

Of all the issues employers will face in 2022, talent recruitment, retention, and management will likely be among the top. This will be true in major corporations, small businesses, professional services like law firms and tax & accounting firms, and even government agencies. While some common thread can be found as to how talent questions might impact each of these employer groups, each will also face somewhat unique circumstances as well, based on their particular place in the market. To begin to unpack how some of these issues may shape 2022, the Thomson Reuters Institute brought together its team of in-house industry experts to explore the peculiarities of each of these key groups and address how each group might face some of the talent challenges this year.

Today, lawyers are grappling to incorporate environmental, social, and corporate governance (ESG) principles into their practices and better serve their corporate clients. In a new podcast, we discuss the recently released Thomson Reuters Stellar Performance report. In the podcast, available on the Thomson Reuters Institute Market Insights channel, Gina Jurva, attorney and manager of market insights and thought leadership content for corporate and government at the Thomson Reuters Institute, speaks with Jen Dezo, Director of Client Relations at Thomson Reuters Market Insights and Thought Leadership, about the report.  

In our latest podcast, available on the Thomson Reuters Institute Market Insights channel, Gina Jurva, of the Thomson Reuters Institute, speaks with Henry Engler, Senior Regulatory Expert at Thomson Reuters Regulatory Intelligence and primary author of the new report, ESG: Fast-emerging challenges for financial institutions.

In latest podcast on the Thomson Reuters Institute Market Insights channel, we dive into the new Thomson Reuters Institute report, The Impacts of the COVID-19 Pandemic on State & Local Courts Study 2021. In our podcast, we speak to Mary McQueen, President of the National Center for State Courts; and Mark Martin, Dean and Professor at Regent University School of Law and former Chief Justice of the North Carolina Supreme Court, about the unprecedented opportunity to reimagine our nation's court system.

Now, in our latest podcast, available on the Thomson Reuters Institute Market Insights channel, Gina Jurva, attorney and manager of market insights and thought leadership content for corporate and government at the Thomson Reuters Institute, speaks with a co-author of the 2021 Cost of Compliance report, Susannah Hammond, Senior Regulatory Expert at TRRI, and Brett Wolf, Senior Financial Crimes expert for TRRI, and a contributor to the report.

Episode 124: Improving Business IntelligenceIn this episode, host Noel Bagwell talks about how the Profit from Legal™ legal operations function setup service from ExecutiveLP® helps their clients improve business intelligence. Sources Cited in this Episode: • CLOC.org • Thomson Reuters. (2020, August 18). CLOC Core Functions: Using business intelligence to make better decisions; increase legal department influence. Thomson Reuters Institute. https://www.thomsonreuters.com/en-us/posts/legal/cloc-core-functions-business-intelligence/ Host Info: • LinkedIn: https://www.linkedin.com/in/nbagwell3/ • Profit from Legal™ (Legal Ops setup service): https://profitfromlegal.com/ • ExecutiveLP™ (law firm): https://ExecutiveLP.com/ Music Credit: Artist: Avaren Album: For Others' Use Song: “Precipice” License: Creative Commons — Attribution LicenseThis podcast contains attorney advertisement material.

In a new podcast, available on the Thomson Reuters Institute Market Insights channel, Natalie Runyon, director of enterprise content on talent and inclusion topics for the Thomson Reuters Institute, speaks with Brenda Carr, Chief Diversity & Inclusion Officer at the law firm Arnold & Porter, and Jennifer Chen, Director of the ACCF about what insights stood out from recent research on how the pandemic, the movement for racial justice, and other seismic events over the last 18 months impacted the careers of lawyers from under-represented backgrounds.

In our latest podcast, available on the Thomson Reuters Institute Market Insights channel, Gina Jurva, attorney and manager of market insights and thought leadership content for corporate and government at the Thomson Reuters Institute, spoke with Gemma Stainforth, a senior client manager at Thomson Reuters Acritas.

In our latest podcast, available on the Thomson Reuters Institute Market Insights channel, Gina Jurva, attorney and manager of market insights and thought leadership content for corporate and government at the Thomson Reuters Institute, spoke with Kristin Hodgins, Director of Legal Operations at the Office of the Assistant Deputy Attorney General for the government of British Columbia, about how unique it is to have a legal ops role within a government paradigm.

In our latest podcast, available on the Thomson Reuters Institute Market Insights channel, Gina Jurva, attorney, and manager of market insights and thought leadership content for corporate and government at the Thomson Reuters Institute, delves into this topic with Daniel Kaufman, acting director for the FTC’s Bureau of Consumer Protection; and Amanda Huston, senior director of fraud, risk, and compliance for Thomson Reuters Pondera.

We conclude our discussion with Jennifer Bluestein, author of the book Stepping It Up: A Guide for Mid-Level Law Firm Associates, and talk about how associates mature into their roles as lawyers with law firms. As these second to sixth-year associates begin to take on more substantial legal roles, as well as leadership, mentorship, and allyship among their fellow lawyers, the stress of the job can become overwhelming. Bluestein talks through a number of examples of how mid-level associates can handle the increased workload, improve communications with partners at the firm, and realistically plan for their future. During the COVID era, associates my struggle with their work, feel depressed, or have other troubles adjusting to a disrupted work environment. Bluestein says that law firms need to address these issues by observing behavior and constant communication with associates who need help. Our clients are still in need of their lawyer's counsel, and now more than ever, associates are really a necessary part of the law firm's business. Information Inspirations The Center on Ethics and the Legal Profession at Georgetown University Law Center and Thomson Reuters Institute published the 2021 Report on the State of the Legal Market. Beyond stating the obvious, that 2020 was an extraordinary year, the report suggests that the pandemic may be the tipping point for law firms and how they practice law going forward. Summize is a new contract lifecycle product that claims to be a lightweight solution for contract review. There a number of interesting things it does, including how it summarizes the contract for easy review and exportable to MS Word and Excel. Greg was on the other side of the interview this week when he sat down with Chad Main, host of the Technically Legal podcast. If you want to learn more about Greg on a professional and personal level, go check out the episode: Greg Lambert on the Importance of the 21st Century Law Librarian. Listen, Subscribe, Comment Please take the time to rate and review us on Apple Podcast. Contact us anytime by tweeting us at @gebauerm or @glambert. Or, you can call The Geek in Review hotline at 713-487-7270 and leave us a message. You can email us at geekinreviewpodcast@gmail.com. As always, the great music you hear on the podcast is from Jerry David DeCicca.