The top 3 webcasts for legal professionals in 2023—did you miss them?
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If so, here’s a quick rundown of our favorite webcasts from the past year.
Professionals across a variety of disciplines and sectors had an exceptional year in 2023, particularly in the legal sector. Legal practitioners developed new abilities, embraced cutting-edge technology, and opened up new doors for both themselves and others. We conducted a number of free online webcasts in 2023 that emphasized several significant advancements and lessons that are reshaping the professional scene. Did you fail to notice them? Not to worry, these are the three webcasts that we think you should not miss.
Handling Rate Increases: Planning Your Budget for 2024
The Thomson Reuters Institute reports that over the past three years, Am Law 100 businesses have pushed rises of more than 6%. The state of affairs for your company may not be as ideal as you’d want, since issues are becoming more complicated and expectations from international regulatory bodies rise.
Are you prepared to have a productive conversation regarding 2024 costs with your panel firms to ensure that you can obtain the right service at a cost that your company can afford?
This webcast will teach you how to benchmark 2024 cases using your historical spending data and bargain for reduced law firm fees. Experts in the field offered their advice on maximizing your expenditure management approach. for the upcoming year, along with:
How to begin: establishing and adhering to guidelines
Benchmarking and proactive budget management are the intermediate spend-management processes.
Advanced process improvement: increasing savings, being more proactive and consistent
What constitutes a modern, innovative law firm?
What it means to be a modern law practice today can be defined in part by innovation and technology.
We discussed how technology and innovation might influence strategy at law firms, as well as the most recent developments in the legal sector. Hear directly from Andrew Badoglian, Counsel at Larson LLP, about how Practical Law and Westlaw Precision have kept him one step ahead of the competition and at the forefront of innovation.
Other subjects that will be discussed are:
What legal firms are doing to give innovation top priority
The use of technology to improve client service and increase the efficiency of law firms
AI-Assisted Research, Westlaw Precision’s newest feature, uses generative AI, albeit this was not stated in the webcast. Andrew has been able to accelerate his legal research thanks to this without losing faith in the data.
Making sense of the relationship between lawyers and artificial intelligence
The relationship between legal professionals and artificial intelligence (AI) was examined in this webcast. Only 3% of legal practitioners surveyed by the Thomson Reuters Institute recently said they have started utilising artificial intelligence (AI), despite 82% of respondents thinking it may be used in legal work.
In this webcast, Andrew Fletcher, Director of AI Strategy & Partnerships for Thomson Reuters Labs, Zach Warren, Manager of Technology and Innovation for the Thomson Reuters Institute, and Zena Applebaum, Vice President of Product Marketing for Thomson Reuters, will discuss the obvious links between legal work and generative AI. Nothing will be overlooked, from working more productively to conquering challenges, from cutting expenses and enhancing customer service to taking legal and ethical issues into account.
You may view this right now on demand and look into:
AI’s contribution to better legal work performance
Possible concerns related to using AI in the legal sector and methods for reducing them
AI as a remedy for typical problems that today’s legal practitioners face
The arrival of generative AI will undoubtedly enable legal practitioners to work even more confidently and efficiently. What effect would it have on job security?
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