Episódios
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Generative artificial intelligence (GenAI) is set to make a splash in the legal industry, but its introduction not only raises practice of law questions — it’s set to have a major impact on billing and pricing practices. On this week’s episode of the Thomson Reuters Institute (TRI) Insights podcast, Bill Josten and Zach Warren, both of TRI, examine GenAI’s impact on legal billing, including why we’re not seeing the impact on time sheets quite yet (but will soon), whether GenAI will finally be what kills the billable hour, and if a $1 million legal problem now takes 15 minutes to solve, where does all that value go?
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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.
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In the latest Thomson Reuters Institute (TRI) Insights podcast, Bryce Engelland, TRI’s legal industry data analyst, and Tom Snavely, TR principal in advisory services, sit down with Natalie Runyon, TRI’s director of environmental, social & governance (ESG) content, to discuss insights from the recent report on law firm office attendance policies and how firms are using hybrid work arrangements to attract and retain the best lawyers.
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On this episode of the Thomson Reuters Institute (TRI) Insights podcast, Nadya Britton, Enterprise Content Manager for Tax, Accounting & Trade at TRI, sat down with Bianca Kuijper, Chief Operating Officer at Orbitax, to discuss the impact of Pillar 2 global minimum tax rules and how corporate tax departments will need to adopt new approaches to comply with country-by-country reporting requirements.
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In the latest Thomson Reuters Institute (TRI) Insights podcast, Nadya Britton, Enterprise Content Manager for Tax & Accounting at TRI, and Bryce Engelland, a TRI Industry Analyst focused on international economics and the global legal market, engaged in a comprehensive dialogue about the dynamic nature of global trade and its effects on supply chains, highlighting the transition from a stable economy to one requiring constant adaptation by businesses. The pair also discuss the need for supply chain managers to be proactive, conduct regular risk assessments, and embrace technological advancements to safeguard against disruptions in a volatile global landscape.
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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.
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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.
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In this episode, Nadya Britton, Enterprise Content Manager of Tax, Accounting & Trade, sits down with Shaun Hunley, Executive Editor at Thomson Reuters, to discuss the upcoming changes and potential developments to taxation in the face of an election year and its results. The pair discusses the tax implications of a potential flip in the White House, which could lead to a shift in tax policy and the nation’s approach to energy tax credits related to environmental, social & governance (ESG) initiatives.
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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.
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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.
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Jared Applegate, Chief Legal Operations Officer at Barnes & Thornburg, joins the latest installment of the “Designing Your Candidate” podcast series to discuss what his ideal candidates might look like for some of the legal operations functions that he oversees. From pricing to legal project management and practice management, the need to find professionals who will become strong team players who understand the legal industry and can help to motivate change is becoming crucially important for many firms.
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In the latest Thomson Reuters Institute Insights podcast, we speak to Arizona Court of Appeals Judge Samuel Anderson Thumma about our recent 2024 State of the Courts report and what it shows about the impact of technology — including generative artificial intelligence — on access to justice and the courts themselves.
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Holly Hill, Partner and Sustainability Leader with MinterEllisonRuddWatts, joins us to discuss what her firm looks for when hiring new associates, especially those fresh from law school. Hill points out that the New Zealand-based law firm has experienced a unique pinch in the past several years as many of their prime associate targets were lured by lucrative offers from firms in Australia and even the United States. With competition for top legal talent remaining tight, the firm focused on building a solid early pipeline for incoming talent.
MinterEllisonRuddWatts is a leading full-service, legal, and business advisory firm. It is a New Zealand owned and operated partnership, dating back 140 years. It also has a strong international presence through the MinterEllison Legal Group — one of the largest full-service legal groups in the Asia-Pacific region. MinterEllisonRuddWatts has built a strong brand in the market with numerous accolades and Tier 1 rankings in the Legal 500 Asia Pacific.
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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.
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In the latest Thomson Reuters Institute Insights podcast, we gather a panel of industry experts and legal professionals to discuss the current state of crypto-assets and look at what might be in crypto’s future as litigation and regulatory compliance become bigger factors in this sector.
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It’s well understood how technology is changing law, but what may be less understood is how it is changing legal hiring. In this second installment in the new Designing Your Candidate limited series for the Thomson Reuters Institute Insights podcast channel, Kenneth Jones, COO of law firm technology subsidiary Xerdict and business professor at Seton Hall, describes what technology skills today’s technology professionals need to know — and how artificial intelligence may be set to change the entire equation.
Make sure to subscribe for future episodes exploring what law firms and other professional services providers are looking for in their next crop of candidates.
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In the first installment in the new Designing Your Candidate limited series for the Thomson Reuters Institute Insights podcast channel, Esther Bowers, Chief Practice Innovation Officer at Honigman, discusses the roles she needs to hire to drive innovation and legal operations and what her ideal candidates for those roles might look like.
Make sure to subscribe for future episodes exploring what law firms and other professional services providers are looking for in their next crop of candidates.
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With key insights on law firm growth, rates, and profits, the 2024 Report on the State of the US Legal Market is an invaluable resource for law firm leaders. Chief author James Jones, Senior Fellow at the Georgetown University Law Center on Ethics and the Legal Profession, joins the Thomson Reuters Institute’s Bill Josten for a deep dive into some of these important insights.
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