The blog at the Thomson Reuters Institute fuels the important conversations with top legal, tax, government, and business professionals with the goal of being the preeminent thought-leader in these areas.
What the "Future of Professionals" report says about Gen AI’s impact on talent
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.
Exploring the "2024 Corporate Tax Technology Report"
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?
The challenges faced by corporate legal department operations professionals today
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.
The human impact of generative AI
Generative artificial intelligence (AI) holds a lot of potential to transform law, upending everything from how lawyers do their daily work to how law firms and clients interact and conduct business. However, that begs the question: Where does the actual person fit into all of this?
In the latest Thomson Reuters Institute Insights podcast, recorded live at the Generative AI & Emerging Technology Forum in New York City, the Thomson Reuters Institute’s Zach Warren sat down with Wendy Butler Curtis, Chief Innovation Officer at Orrick Herrington & Sutcliffe, to discuss why it’s humans and AI rather than humans versus AI, how Orrick is working to prioritize mental health while introducing innovative technology, and where she sees generative AI actually making an impact in the future of the legal profession.
Thomson Reuters launches new Human Trafficking Resource Center, featuring online toolkits
In the latest Thomson Reuters Institute Insights podcast, Heather Fischer, Senior Advisor of Human Rights Crimes at Thomson Reuters Special Services and a previous Special Advisor for Human Trafficking at The White House, discusses today’s launch of the Human Trafficking Resource Center, which makes use of the City of Houston’s world-class anti-trafficking toolkits, with Minal Patel Davis, Director of the Mayor’s Office of Human Trafficking and Domestic Violence at the City of Houston under the leadership of Mayor Sylvester Turner.
As the podcast describes, the new Resource Center will make these toolkits readily accessible online to cities and other public authorities into the future. These step-by-step guides will help municipal authorities quickly mobilize anti-trafficking campaigns which may otherwise take years of planning, saving cities money and other public resources.
Worldwide trading disruption has global compliance teams seeking tech solutions
In the latest episode of the Thomson Reuters Institute Insights podcast, Nadya Britton, the Enterprise Content Manager for Tax and Trade at the Thomson Reuters Institute, sat down with Suzanne Offerman, Director of Outbound Product Marketing ONESOURCE Global Trade at Thomson Reuters, to discuss key insights from the recently released 2023 Corporate Global Trade Survey Report .
In the podcast, the pair discussed the talent gap in global trade compliance, and how companies are increasingly outsourcing and turning to technology for solutions. They also spoke about how integrating advanced technologies offers significant benefits to global companies, and how many considerations around environmental, social & governance (ESG) issues have become pivotal in supplier relations.