Today Microsoft and Thomson Reuters are announcing a unique partnership for the integration of Thomson Reuters content including generative AI capabilities into the Microsoft 365 Copilot product. According to the Press Release:
Working with Microsoft, Thomson Reuters has developed a contract drafting solution, powered by its legal products and content, and Copilot for Word. Delivering
Today LexisNexis® CounselLink released its 2022 Annual Trends Report. The unstable economy and a tighter legal market have not caused law firms to pull back on billing rates. To the contrary law firm partner billing rates rose faster last year than they have in a decade.
The average partner rate increased by 4.5% (compared to 3.4%
ALM, the “grand-daddy” of legal reporting and intelligence has launched state court coverage in Law.com Radar. Law.com Radar delivers a clean customizable stream of breaking legal news and competitive insights.
Today’s release includes more than 100 courts in California, New York, New Jersey, Florida, Illinois, Pennsylvania, Massachusetts, Texas and Maryland. Additional state courts will be introduced over the coming weeks and months, providing Law.com Radar users with new litigation alerts from key jurisdictions across the U.S. Most important of all the news comes with a link tot he full complaint which can be retrieved in” “one click.”
The Radar product provides litigation surveillance in commercially important state courts which are more challenging to monitor than federal courts, since there is no single reporting system for state courts. Radar covers courts that require the manual collection of documents. The Radar alerts include AI generated summaries which speed the accuracy and timeliness of delivery.
The latest release supplements Law.com Radar’s existing coverage of federal district courts and Delaware’s Court of Chancery as well as its publication of corporate deal updates. Last July ALM released Law.com Rader Trend Detection capabilities.
New Alerting Features include daily case reports by jurisdiction. These new litigation alerts that can be configured around courts, practice areas, topics, industry segments, law firms, parties or free text searches. And contain a link to the full complaint!
Continue Reading ALM Launches New Law.com Radar State Caselaw Surveillance Features
As fall associates settle into the reality of legal practice, I am taking the opportunity to share a variety of research “best practices.” These
rules can be applied across all environments: law firm, corporate, public service and government. New associates are facing the messy reality of needing to harness legal and factual issues that need
Today Thomson Reuters is announcing the release of a new platform Westlaw Precision which promises to dramatically cut research time and
improve the quality of research results. Westlaw Precision will be sold as an upgrade to Westlaw Edge. Westlaw Precision is tackling the gnarly and perennial problem of language ambiguity by doubling down on taxonomy. At launch, Westlaw Precision covers 8 topics (Commercial law, Federal Civil Procedure, Federal Discovery and Evidence, Federal Remedies, Federal Class Actions, Employment, Securities, and Anti-trust.) Fifteen new topics will be released through 2023. Only the most recent 12 years of caselaw in each topic are included in search results.
Westlaw Precision includes 6 new features at launch. Precision Research is the “Star of the show.” The other 5 features offer cite checking or workflow enhancements.
“Our customers tell us difficult legal research can often take more than 10 hours per case,” said Mike Dahn, head of Product Management, Westlaw, Thomson Reuters. “It’s time consuming because they are often looking for something very precise, but traditional
Continue Reading Westlaw Precision Launches With Promise to Cut Lawyer Research Time in Half
For the past few decades, the traditional law library has been transformed by the digitization of statutes, regulations, and commentary.
Law Librarians and KM professionals have become the curators of an ever-expanding universe of commercial, dynamic data sources including company profiles, competitor profiles, experience data, insights into judges, experts, and arbitrators, deal data, dockets, and
Several months ago there was a “soft” release of a new legal industry news product–Reuters Legal News (RLN). Today Thomson Reuters released several new features enabling lawyers and legal business professionals to create a customizable reading and alerting experience. Reuters which employs 2,500 journalists around the globe, now has a team dedicated to writing, curating and tagging legal news so it can be easily customized for the busy lawyer. The RLN content is organized into four broad categories: Litigation, Transactional, Government and Legal Industry. There is a columnist dedicated to each of the four categories of legal news. In addition to news from Reuters, the site includes selected content from Westlaw Today, The Thomson Reuters Institute, and Practical Law Updates.
Account Setup. Accounts can be set up on the desktop at www.reuters.com/legal or by downloading an ios or adroid app on your
Continue Reading Reuters Legal News – No Paywall! No Onepass! Customizable Legal News
In a prior post I reported survey results on products to be purchased in 2020 and 2021… which included a fairly broad spectrum of products. Major vendors Lexis, Westlaw, Bloomberg and Wolters Kluwer were evenly represented at the top of the list. There were dozens of additional products identified by one or two responders. Today I am reporting on responses to the survey results on cancellations which presents a dramatic contrast. One product stood alone as the most likely to be cancelled. That product is LexThe 2020-2021 Dewey B Strategic Hits and Misses survey asked responders to identify products purchased in 2020 or to be purchased in 2021. Despite the financial concerns triggered by the pandemic, law firm librarians continued to consider new products. Some new products such as Westlaw Edge and Lexis + are often driven by an impeding contract renewal. Other product selections are driven by practice demands as well as a desire to remain competitive by introducing innovative solutions and enhance productivity.
The Top Products Four was the magic number this year. Each of the top vote getters were identified by 4 responders as new purchases.
Continue Reading The Dewey B Strategic 2020-21 Hits and Misses Survey: What Research, KM/Workflow and Analytics Products are Readers Buying?