Thomson Reuters Institute’s Post

In our new Future of Professionals Report 2024, we see among the thousands of professionals that were surveyed across the #Legal, #Tax, #Trade, #Accounting, #Risk, #Fraud & #Compliance fields, that the rise of #AI and #GenAI remains the dominant issue that respondents see propelling change in their professions. Download your copy of the report today: https://lnkd.in/eVRCicD9 Thomson Reuters #FOP2024 #TRInstitute

How will 2025’s rapidly approaching new set of rates impact firms’ billing and collection strategies? Find out here: https://ow.ly/UZgZ50TNSHg #LawFirmBilling #LawFirmRates #TRInstitute

One investment #Attorney offers his expertise and insights on the complexities surrounding #ESGInvestment policies within state and municipal retirement plans. Find out more: https://ow.ly/lVbP50TNKWC Rabihah Butler #ESG #ESGCompliance #TRInstitute

While many firms faced low demand over the last couple of years, 2024 results present a more optimistic picture, with Q3 setting a new high-water mark in demand growth for the year. Additionally, firms invested in technology at a record pace, helping them to identify efficiencies and control costs. As we look forward, will a U.S. economy that is still navigating away from inflationary-induced pressures enable firms to continue an upward trajectory? How might the outcome of the U.S. elections change this? Join us at #TRIC224 as we discuss the state of the US #LegalMarket, moderated by Mike Abbott, and featuring expert panelists Mary Akhimien, Karen Braun, Rance Sapen, ALLAN THOMPSON, and Trevor Varnes. For more information, please visit: https://lnkd.in/eZ54mkXM #TRIEvents #TRInstitute

The need to control #OutsideCounsel costs tops the list of high-priority challenges for #LegalOperations teams, a new report shows. While this tops the list of department priorities, this year there was a 6-percentage-point jump in the number of respondents characterizing #CostControls as a high priority compared to last year: https://ow.ly/LiiO50TJL8i #LawFirms #LegalDepartment #TRInstitute #TRIReports

In the new 2024 State of the Corporate Tax Department report, leaders of in-house #TaxDepartments see the need to implement new technologies in order to improve efficiency and allow their departments to be a more-valued partner to the business. Download your copy of the report today: https://ow.ly/32H850TMRM6 #Tax #TaxLeaders #TaxTechnology #TRInstitute #TRIReports

Nearly 90% of #Tax & #Accounting firms want technology to be an integral or significant part of their overall firm strategy — but can they pull this off? We discuss key findings from our first Tax Firm Technology Report and explore the critical role of technology in today’s #TaxFirms. We also talk about the practical limitations of applying firms’ grand strategic tech plans, how the timeline for #GenerativeAI may be faster than some firms desire, and why trying to solve the #TalentShortage using automation can be a chicken-or-the-egg proposition. Apple Podcasts: https://lnkd.in/e-AZFn6Z Spotify: https://lnkd.in/epAmMgFs Nadya Britton Zach Warren #AI #TaxLeaders #TRInstitute #TRPodcasts

In a two-part series, we look at how AI-driven technologies can empower those #Legal aid clients who may be most in need. Find out more: https://ow.ly/GZg950TM0wp Kristen Sonday #AI #AITechnologies #TRInstitute

Empirical evidence indicates when the Women, Peace & Security framework is used in national and international security decision-making, it results in improved outcomes for peace and stability. Discover more: https://ow.ly/1wkj50TLrxq Natalie Runyon #Diversity #GenderInequality #TRInstitute