Thomson Reuters looks at the exciting future of legal services in the wake of a rapidly changing legal market.
If the changes that have taken place in the legal market over the past two years are any indication of what lies ahead, the future of legal services is set to be an exciting one. Mergers and acquisitions, new entrants to the market, economic pressures and evolving client demands have combined to create an environment in which innovative organisations can thrive.
‘Efficiency has always been a great enabler of innovation,’ says Samantha Steer from Thomson Reuters Legal UK & Ireland. ‘In particular, firms that drive efficiency internally are positioning themselves for success.’
Thomson Reuters continues to promote efficiency in law firms and in-house legal departments, providing legal professionals with a smarter way to practise. Legal research and know-how solutions like Practical Law, Westlaw UK and Sweet & Maxwell commentary allow legal professionals to perform research tasks faster and with confidence, equipping them and freeing them up to innovate for their clients.
Samantha adds: ‘Outsourcing generic legal research and know-how means that law firms avoid the huge fixed costs of employing large teams to sift through the increasing body of legal information, producing new guidance and maintaining existing guidance to keep their lawyers up to date.’
With Thomson Reuters’ legal solutions, fee-earners and information professionals spend significantly less time researching and reinventing the wheel. ‘Customer feedback shows that legal professionals can save at least two hours a week by using our services,’ says Samantha. ‘What’s more, with our systematic and rigorous maintenance procedures, using solutions like Practical Law and Westlaw UK gives legal professionals the peace of mind that fee-earners are working from up-to-date information.’
Content, technology and expertise
Thomson Reuters’ legal solutions combine content, technology and expertise to help practitioners and information professionals easily leverage critical information and insights, streamline processes and collaborate with colleagues and clients.
As well as research and know-how solutions like Practical Law and Westlaw UK, Thomson Reuters provides software solutions such as Serengeti, which allow in-house counsel and law firms to manage matters and collaborate more effectively. It also offers legal search solutions like Solcara, which allow legal professionals to quickly draw information from multiple approved sources simultaneously.
Adds Samantha: ‘We’re passionate about delivering the best possible products and services for legal professionals. And that means relentless innovation in the pursuit of our customers’ progress. We put our customers at the centre of everything we do and invest significant sums to create the innovations that move our customers’ work and your business forward. This focus enables us to deliver solutions that respond to existing needs, anticipate future challenges and set new standards for the legal profession as a whole.’
For leading law firm customers in particular, it’s not just about delivering great products, adds Samantha. ‘We understand that law firms need more than a supplier. They need a partner. One who understands the challenges they face and can support the new ways in which they have to work. We’re committed to working with our customers to form exceptional and sustainable business partnerships.’
Intelligently connect your work and your world through unrivalled content, expertise and technologies. See a better way forward at legal-solutions.co.uk