Emerging technology trends: Cloud computing

Leveraging cloud computing offers us flexibility and creates new opportunities and is changing the way we provide services to our customers, making us quicker, more cost-efficient and more responsive:

2015 Report on the State of the Legal Market

2015 Report on the State of the Legal Market

Earlier this month, the Center for the Study of the Legal Profession at Georgetown University Law Center and Thomson Reuters Peer Monitor issued their 2015 Report on the State of the Legal Market. The report, which is jointly issued on an annual basis, reviews the performance of U.S. law firms in 2014 and considers the changed market realities that drive the need for firms to take a longer range and more strategic view of their market positions going forward. According to the report, the financial performance of law firms over the past year reflects several fundamental changes in market dynamics that have become increasingly evident since 2008. These changes include a shift in the buying habits of business clients, a persistent softness in the market for litigation services, the increasing presence of new non-traditional competitors in the legal services sector, and a growing market segmentation that is rapidly separating high performing firms from the majority.

Also among the findings: by most indicators, law firm financial performance was modestly better in 2014 than in 2013, and revenue growth across the market was stronger than in the previous year. At the same time, the report found that challenges remain and that productivity growth in particular continues to be a serious issue, as does the ongoing decline of law firm realization rates. The authors found that these shifting market dynamics underscore the critical importance of law firms taking a strategic and long-range view of how their clients, practices, markets and competitors are changing, and then adjusting their own strategies to address the new market realities. The report notes, however, that most firms seem to lack any sense of urgency in addressing these changes.

Download the full report.

Material design workshop at Google

Google signage seen at the company's offices in New York

By Natalia Paraeva, Lead Mobile User Experience, Thomson Reuters

Last November, I had the great privilege of attending the material design workshop run by Google at their New York office. It ran over two days and involved great conversations, an opportunity to talk to a dozen of Google designers and get all questions answered. If you’ve never heard of material design, you might find this video interesting.

Google themselves put it this way: “Material design is a cross-platform design system grounded in tactile reality, inspired by our study of paper and ink, yet open to imagination and magic.” In that video, design leads across Google discuss the key principles of material design, and set the stage for the other sessions that focused on interaction, motion and visual design.

The other companies that attended the workshop were: (more…)

Samsung earnings – Graphic of the day

Yesterday, Samsung reported its first annual earnings decline in three years, as strong chip earnings failed to make up for weaknesses. Earnings from smartphones and other mobile gadgets dropped to 1.96 trillion won, but its semiconductor division reached its highest profit in more than four years. Today features a double dose of graphics summarizing Samsung earnings, showing operating profit/loss by segment, and share price performance.

samsung2 (more…)

Emerging technology trends: Big data

Why does big data matter to Thomson Reuters? Because our customers are facing the challenge of dealing with huge amounts of data and we can help customers make sense of this information, by making use of tools like predictive analytics and visualization. Our products help customers spot patterns and outliers, and find the signals through the noise.

Davos 2015: Intoxicating influences

REUTERS/Ruben Sprich

If the picture in your head of the World Economic Forum’s annual meeting in Davos is one of Great Gatsby-esque parties of caviar, champagne and dancing after midnight then you’d be right – but only at the fringes. There are hundreds of talks, dozens of parties and numerous other events, only a small handful of which are over the top. Most are a pleasant backdrop to one of Davos’s primary pursuits: learning. Learning about trends in other industries, learning about the latest thinking in academia, business and policy and learning from others about how they overcome their biggest challenges.

In a way, Davos is a deeply individual experience, as everyone selects a unique combination of events, leading to a wide array of interactions. What you take away from Davos is equally individual. To me, the learnings from this year’s WEF were primarily about what the world’s most ambitious companies are doing: (more…)

Journalist spotlight: Andy Sullivan on his exclusive on budget cuts

On Wednesday, Reuters exclusively reported that as Washington has tightened its belt in recent years, the budget cuts have sliced most deeply in states where President Obama is unpopular. Reuters worked with the Brookings Institute’s John Hudak to analyze federal spending data and found that between the 2009 and 2013 fiscal years, funding for a wide swath of discretionary grant programs, from Head Start preschool education to anti-drug initiatives, fell by an average of 40 percent in Republican-leaning states like Texas and Mississippi. By contrast, funding to Democratic-leaning states such as California and politically competitive swing states like Ohio dropped by 25 percent. In a Reuters Best: Journalist Spotlight Q&A, political correspondent Andy Sullivan offers a behind-the-scenes look at how he scored the exclusive.

Q. How did you get started on this story?

A. There’s a lot of fascinating political science research out there that doesn’t get enough attention. After the 2014 midterm elections, I stumbled on a book-length study by John Hudak of the Brookings Institution arguing that presidents are just as likely to engage in pork-barrel spending as members of Congress. It was pretty dense (I had to read it two or three times to understand it), but the basic premise was eye-opening. The book only covered activity through the 2011 fiscal year – since then we’ve had steep budget cuts, a re-election campaign and a ban on earmarks in Congress. I was curious to see whether “presidential pork” has continued since then.

Q. What types of reporting/sourcing were involved?

A. First, I had to convince Hudak to spend a few weeks updating his data and provide it exclusively to us. As it turns out, he was frustrated that his research wasn’t getting the attention it deserved, so he was happy to do so. I spent a few days building spreadsheets of my own, trying to figure out a way to tell the story in more concrete terms. I reached out to lawmakers in Congress who worry that the earmark ban has given too much power to the Obama administration, as well as lobbyists and advocates who try to secure these grant dollars.

Q. What was the hardest part about reporting this story? (more…)

China’s growth targets – Graphic of the day

The Chinese economy grew at its slowest pace in 24 years in 2014. Provinces have in response lowered their GDP targets for 2015, with Shanghai eliminating its target altogether. Today’s graphic tracks the growth targets across Chinese provinces.

china growth

Would you like infographics like this on your website, blog or other social media? Contact us and visit our Reuters Agency blog for insights and discussions on the changing media industry.

Raising over £1.1m for Save the Children at the IFR Awards Dinner

Earlier this month at the 20th annual Thomson Reuters International Financing Review (IFR) awards gala dinner, £1,164,240 was pledged to Save the Children, the global charitable organization that works to save and improve the lives of some of the world’s most vulnerable children. During the evening’s proceedings, senior representatives of the world’s leading investment banks pledged money to Save the Children via an interactive charity bidding board. Morgan Stanley topped the list of contributors with a phenomenal bid of £630,000, the largest ever Bookrunner bid to Save the Children in 20 years of IFR Awards history.

The dinner, organized by IFR, was attended by over 1,000 senior investment bankers.. The event is recognied as the key awards ceremony for global financiers and is Save the Children’s largest single annual fundraiser.

IFR award winners for 2014 include: (more…)

Hockey Day in Minnesota

Rick King, COO of Technology at Thomson Reuters, talks about our company’s sponsorship of Hockey Day in Minnesota, with Lou Nanne, Pat McDonald and Natalie Darwitz.