Legal Innovation

2020 Report on the State of the Legal Market: From Incremental Change to Revolutionary Innovation

Ever heard of the “Fosbury Flop”? Whether you have or not, if you’ve watched the sport of high jumping anytime in the past 50 years…

Bill Josten January 06, 2020

Downfall of the “Up-Market” Strategy

“I am sorry, but your services are focused on very standardized low-value work, and our strategy is to move up-market.” As a legal tech salesman,…

Anders Spile December 18, 2019

Law Firms Feeling Headaches from Outside Counsel Guidelines, Struggling to Comply, Report Says

For law firms and their clients, Outside Counsel Guidelines (OCGs) are simply a fact of life. More than 80% of corporations reported they use some…

Bill Josten December 17, 2019

Securing Your Practice’s Future: Your Future Depends on Developing New Business

Every law firm is unique, but many of them share the same struggles, such as how to bring on new clients or develop new business…

Mark Haddad December 16, 2019

At the Intersection of Process Improvement & Project Management

This article was co-authored by Frederick J. Esposito, Jr, MBA, CLM, and Catherine Alman MacDonagh, JD “Without change there is no innovation, creativity, or incentive…

Legal Executive Institute December 12, 2019

New Legal Access Apps Spark Great Interest at the Legal Hackers Meet Up

Unless you have a bit of Elliot Alderson in you, you might be put off by a group with “hackers” in its name. But despite…

Eric Seader December 11, 2019

New Podcast: Being More Focused Can Help Your Firm Be More Profitable, Data Says

NEW YORK — At the recent COO/CFO Forum, we had the chance to sit down with Dr. Evan Parker, founder of Parker Analytics, and a…

Bill Josten December 10, 2019

Practice Group Dynamics: Creating Group Cohesion and Success with “Real” Goals and Effective Business Plans

We continue our new column, "Practice Group Dynamics" by Susan Lambreth, who has 25 years experience as a consultant to the legal profession, especially in…

Susan Lambreth December 05, 2019

Harnessing Collective Knowledge: An Interview with Schulte Roth’s KM Special Counsel Patrick Dundas (Part 2)

Knowledge management and the professionals who make it work are becoming a vital component for the success and sustainability of many law firms. Patrick Dundas,…

David Curle December 04, 2019

Understanding the Buyer’s Role in Legal Procurement

Over the past several years there has been a significant change in the kind of Request for Proposals (RFPs) that law firms are receiving for…

Nancey Watson December 04, 2019

PMI Q3 Analysis: The Magnification of Demand

The market for legal services produced impressive demand growth in this year’s third quarter, seeing a 2.4% jump in hours worked compared to the third…

Isaac Brooks December 02, 2019

Augment 2020

The Thomson Reuters Institute is proud to announce the return of Augment -- an interactive, peer-driven conference dedicated to the ongoing impact of artificial intelligence…

Legal Executive Institute November 27, 2019