If so, here’s a brief overview of our most-loved webcasts of the year
2023 was a remarkable year for professionals across various fields and industries – especially in legal. Legal professionals learned new skills, embraced new technologies, and created new opportunities for themselves and others. In 2023, we hosted many free, online webcasts that highlighted some key developments and learnings that are shaping the professional landscape. Did you miss them? No problem – here are our top three webcasts you must check out.
|For corporate legal professionals:
|For law firm professionals:
|For all legal professionals:
Managing Rate Increases: Getting Ready for Your 2024 Budget
AmLaw 100 firms have pushed increases of over 6% for the last three years, according to data from the Thomson Reuters Institute. Matters are getting more complex, global regulatory regimes are increasing their demands, and the climate for your business might not be as rosy as you’d like.
Are you ready to have a good discussion with your panel firms about 2024 rates to make sure you can get the right work at a price your business can handle?
In this webcast, you will learn how to use your past spending data to benchmark 2024 matters and negotiate lower law firm rates. Industry experts shared their insights on how to optimize your spend management strategy for next year, as well as:
- How to get started: setting rules & keeping them
- Intermediate spend-management steps: benchmarking & proactive budget management
- Advanced process improvement: becoming proactive & predictable, finding increased savings
“Very helpful and practical. The speakers were extremely knowledgeable and offered solid advice.”
– Feedback from live webinar attendee
What does an innovative law firm look like today?
Innovation and technology are two factors that can help define what it means to be a modern law firm today.
In this session, we uncovered the latest legal industry trends and how technology and innovation can drive strategy at law firms. Hear a first-hand interview with Andrew Bedigian, Counsel at Larson LLP on how Westlaw Precision and Practical Law have helped him stay ahead of the competition – and at the forefront of innovation.
Other topics that will be covered:
- What law firms are doing to prioritize innovation
- The importance of technology for both law firm efficiency and providing superior client service
Although not mentioned in the webcast, Westlaw Precision has recently implemented generative AI with its latest feature, AI-Assisted Research. This has helped Andrew jumpstart his legal research, without losing confidence in the information.
“As lawyers, we should be cautious when using AI to develop responses to complex legal issues that are often dependent on nuance. Because AI-Assisted Research relies on Thomson Reuters’ proven database, I can have the confidence that the response generated from AI is relying on actual sources and not something that is made up.”
– Andrew Bedigian, Counsel, Larson LLP
Making sense of the intersection between AI and legal professionals
This webcast explored the intersection between artificial intelligence (AI) and legal professionals. In a recent survey of legal professionals conducted by the Thomson Reuters Institute, 82% of respondents believe AI can be applied to legal work, but only 3% have actually begun using it.
This webcast will feature a discussion between Zena Applebaum, VP of Product Marketing for Thomson Reuters, Zach Warren, Manager of Technology and Innovation for the Thomson Reuters Institute, and Andrew Fletcher, Director of AI Strategy & Partnerships for Thomson Reuters Labs on the clear connections between generative AI and legal work. From executing work with greater efficiency to overcoming obstacles, from reducing costs and improving client service to legal and ethical considerations, no stone will be left unturned.
You can watch this on-demand today and explore:
- AI’s role in achieving greater success in legal work
- Potential risks associated with leveraging AI and strategies for minimizing them in the legal industry
- AI as a solution to common challenges that legal professionals are facing today
Generative AI is here – and will certainly help legal professionals work more efficiently and with even more confidence. What will it mean for job security?
There’s good news, Fletcher said: “The people who embrace the change will get to focus on more interesting work.”