In the new year’s first podcast on the Thomson Reuters Institute (TRI) Insights channel, several of TRI’s content experts discuss what next year and the next five years hold for the various sectors being impacted by the integration of AI, particularly generative AI, into everyday operations, with the discussion ranging from enhancing efficiency and addressing talent shortages to expected shifts in business models and regulatory challenges.

In the latest episode of our limited series, Revolutionizing Rights: AI and the Future of Legal Equality, featured on the Thomson Reuters Institute Insights podcast channel, we have a conversation with Judge James “Jay” Francis, a retired U.S. Magistrate Judge from the Southern District of New York and current arbitrator, about the application of AI in the judiciary and the ethical considerations surrounding its use.

In this episode of the Thomson Reuters Institute Insights podcast, we discuss recent corporate sustainability disclosure regulations and how companies are preparing to meet them. Kevin Fertig and Colleen Cochran at Agendi, a sustainability consulting firm, discuss a range of key topics from the regulators’ climate rules to the European Union’s Corporate Sustainability Reporting Directive requirements, and how the upcoming US election may impact corporate climate action.

In the latest podcast in our limited series, Revolutionizing Rights: AI and the Future of Legal Equality, presented on the Thomson Reuters Institute Insights podcast channel, we speak with Judge Robert J. Torres, the Chief Judge of the Supreme Court of Guam, on the use of artificial intelligence (AI), the responsibility of the judiciary and legal community, and how AI can potentially push us forward to a brighter future.

In the latest podcast in our limited series, Revolutionizing Rights: AI and the Future of Legal Equality, presented on the Thomson Reuters Institute Insights podcast channel, we speak with Judge Pam Gates on the challenges of ensuring the ethical and safe use of AI. Judge Gates also discusses how courts need to be prepared for AI's influence on evidence evaluation and the necessity of thoughtful implementation to avoid widening the digital divide.

In the latest Thomson Reuters Institute (TRI) Insights podcast, nationally recognized legal services procurement experts Audrey Rubin, formerly of Aon, and Justin Ergler, formerly of GlaxoSmithKline, join host Bill Josten, TRI’s senior manager for legal content, to discuss clients’ perspective on law firm rates in 2024 and what they wish law firms would consider in setting rates for 2025.

In a conversation that ranges from rates, to revenue, profits, cost recovery, and alternative fee arrangements, the podcast illuminates valuable insights on how law firms can focus not only on the rates they charge their clients, but on how they can deliver greater value while also making higher profits.

Revolutionizing Rights: AI and the Future of Legal Equality, a limited podcast series presented on the Thomson Reuters Institute Insights podcast channel, provides perspectives on the use of artificial intelligence (AI) in the legal sphere. This episode features the insights of Carlos Martinez, Esq., Public Defender for Miami-Dade County, Florida.

In the latest Thomson Reuters Institute (TRI) Insights podcast, experts from Thomson Reuters Practical Law team discussed how best to navigate data privacy laws in the United States, Canada, and the European Union, while emphasizing the importance of risk assessments and the balance between the rights of data subjects and business interests. The podcast also highlights the evolving nature of privacy laws and the need for better communication and adaptability among jurisdictions to better facilitate global business operations.

In the latest Thomson Reuters Institute (TRI) Insights podcast, Marcus Belanger, analyst with TRI, discuss the new Relative Performance Measures (RPM) report, that shows better ways for law firms to assess lawyer productivity and financial contribution through the new RPM metrics introduced by TRI. Intended to overcome the inherent shortcoming of hours-based assessments for lawyers, Belanger talks through the details of RPM metrics and how they can help law firms future-proof their attorney evaluations and compensation.

Revolutionizing Rights: AI and the Future of Legal Equality, a limited podcast series presented on the Thomson Reuters Institute Insights podcast channel, will provide perspectives on the use of artificial intelligence (AI) in the legal sphere. This episode will feature the insights of Hon. Judge Maritza Braswell, federal magistrate judge for the U.S. District Court for the District of Colorado.

In the latest Thomson Reuters Institute (TRI) Insights podcast, Isaac Brooks, senior analyst with TRI, talks about the key findings from the recent Q2 2024 Law Firm Financial Index report and what it may indicate about the prospects for improved law firm profitability for the remainder of the year.

Touching on topics ranging from growth in law firm rates, lowering expenses, increasing legal demand, and a potential turnaround in transactional practices, the report provides ample data for consideration as law firms look toward to the rest of this year and beyond.

Revolutionizing Rights: AI and the Future of Legal Equality, a limited podcast series presented on the Thomson Reuters Institute Insights podcast channel, will provide perspectives on the use of artificial intelligence (AI) in the legal sphere. This first episode will feature the insights of Prof. Jennifer Albright, Director of the Center for Forensics and Artificial Intelligence in the Arizona Supreme Court.

In the latest podcast on the Thomson Reuters Institute (TRI) Insights channel, business of law and legal pricing visionaries Toby Brown and Stuart Dodds join Bill Josten, Senior Enterprise Content Manager for Legal at TRI, to discuss the implications that GenAI will have on the billable hour, alternative and value-based pricing arrangements, and how law firms can protect and grow their revenue streams going forward.

The upcoming 5th annual Fraud Waste & Abuse Report, from the Thomson Reuters Institute (TRI), will shed light on the daily litany of challenges that government workers face. In the latest TRI Insights podcast, Andrew Pellington, of Thomson Reuters Risk & Fraud discusses the results of the report and what’s new in fraud in 2024 with TRI’s Rabihah Butler.

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.

In the latest Thomson Reuters Insights podcast, Tom Snavely, of Thomson Reuters Advisory Group, and Becky Halat, of Thomson Reuters Client Services, discuss collaboration within law firms, how it works, and how it’s a critical ingredient in firm-wide structured cross-practice key account management programs.

 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?

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.

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.

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.

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.

In the latest podcast on the Thomson Reuters Institute (TRI) Insights channel, TRI’s Nadya Britton and Allan Koltin, CEO of Koltin Consulting Group, explore the transformative trends in mergers and acquisitions among tax firms. Since 2011, M&A has evolved from a rare occurrence to a vital growth strategy for many tax firms. This podcast highlights how private equity has revolutionized the sector and how that influx of capital has sparked a surge in M&A activity, with almost weekly announcements of new deals.

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.

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.

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.

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.

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.

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.

After a year of change in the compliance landscape, the Thomson Reuters Institute Insights podcast discusses with regulatory and compliance expert Todd Ehret of Thomson Reuters Regulatory Intelligence many of the trends that will unfold during 2024.

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.

In this week’s Thomson Reuters Institute Insights podcast, we speak with industry experts about impact on the compliance industry of the newly operational beneficial ownership database, discussing what they see on the horizon and what concerns they have about what lies ahead.

In the latest podcast on the Thomson Reuters Institute (TRI) Insights channel, Nadya Britton, Enterprise Content Manager for Tax, Accounting & Trade at TRI, talks with Marianne Rowden, CEO of e-Merchants Trade Council, about the highlights from TRI's 4th annual Global Trade Report and the potential implications of Donald Trump's return to office on supply chains and trade, regulations, and talent challenges.

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.

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.

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.

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.

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.

The role of in-house legal departments is growing and will continue to do so in 2024 as the complexity of the regulatory environment around sustainability increases. In our latest podcast episode, TRI's ESG strategist Natalie Runyon speaks with Christine Uri, an ESG expert and adviser to corporate legal departments.  

At the opening of 2024, our in-house experts on the tax and legal industries, Nadya Britton and Bill Josten, share what they see as the key issues for the coming year.

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.

By all accounts, 2023 was the year of generative artificial intelligence (Gen AI), giving some organizations a major boost while catching others blindsided without plans or procedures. For a few truly forward-thinking organizations, however, it’s already time to look beyond Gen AI to start planning for what’s next.

In this week’s Thomson Reuters Institute (TRI) Insights podcast, Zach Warren, head of technology content development for TRI, talks with Jeff Wong, Global Chief Innovation Officer at EY, about what he sees as the next big innovations in the market that professionals should know about now.

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 podcast in our limited series, Revolutionizing Rights: AI and the Future of Legal Equality, presented on the Thomson Reuters Institute Insights podcast channel, we speak with Judge Samuel A. Thumma from Division One of the Arizona Court of Appeals, on the use of AI to shape the judiciary and legal community, and about judges’ responsibility to both understand and use AI in the future.

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.

The corporate tax world has seen a lot of change in recent years between budgetary and hiring crunches and regulatory shifts. There’s one area, however, in which many corporate tax departments still see a lot of room to grow: technology.

Fresh off the first edition of the Corporate Tax Technology Report, published by the Thomson Reuters Institute (TRI) and Tax Executives Institute, TRI’s Zach Warren dives into the report with Todd Lard, Tax Counsel at Tax Executives Institute, to explore why so many tax departments categorize their tech maturity as reactive, whether these departments have the personnel to carry out modern tech implementations, and how smaller departments with tiny tech budgets can do more with less.

The podcast also examines the artificial intelligence (AI) question: Where does generative AI actually fit into the day-to-day work of corporate tax professionals?

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.