The AI Adoption Reality Check: Firms with AI Strategies are twice as likely to see AI-driven revenue growth by Thomson Reuters

NEW Thomson Reuters survey data reveals that only a quarter of organizations have a visible AI strategy. Time savings from AI could see a $32 billion opportunity on the table for the legal and tax industries in the U.S. alone.

Thomson Reuters Ushers in the Next Era of AI with Launch of Agentic Intelligence

Thomson Reuters, a global content and technology company, today unveiled its next major leap forward — agentic AI systems, beginning with the launch of CoCounsel for tax, audit, and accounting professionals.

Embrace AI or risk losing talent: Why tax professionals are demanding change

Tax professionals are sending a clear message.  Adapt to AI or risk losing top talent. A new report from Tolley, part of LexisNexis, reveals that a growing number of tax practitioners are feeling the pressure to embrace AI, and they’re not willing to wait around.

Two thirds of UK tax professionals have embraced AI according to LexisNexis

The report reveals that more than 66% of UK tax professionals either use generative AI on a regular basis or intend to do so soon, noting that an AI solution grounded in unrivalled tax content from Tolley will transform the tax industry.

Conveyancing landscape insight report 2023 by Access Legal

Property transactions in England and Wales went back to pre-pandemic levels in 2022 after falling house prices during COVID and the Stamp Duty Land Tax holiday saw transactions exceed one million the previous year, according to a new report.

Discover the five simple rules for getting law firm taxonomies right with Iron Carrot

It’s not unusual for law firms to identify that it’s hard for users to find the information they need, especially when searching cross-functionally. They conclude that it would be better if everyone used the same language (a taxonomy) – or if there was some way to link all the different vocabularies (an ontology).

How to create a cross-firm taxonomy: a new step-by-step case study by Iron Carrot

In this case study, I will share the process we recently implemented for one of our law firm clients, who was looking to achieve a firmwide taxonomy to support their new intranet.

How implementing a continuous improvement mindset gives modern law firms a competitive edge: Webinar with Osprey Approach

For the third episode in Osprey Approach’s Build Better Habits webinar series, we were joined by Sarah Keegan, co-owner at The CS Partnership, Laurence Sutton, practice manager at Brevitts Solicitors, and Rich Dibbins, owner at Staxton Digital.

Discover ways in which Cloud Forms software can simplify the inheritance tax procedure with Advanced

Any fee earner working in estate administration can attest that the inheritance tax process is one that is both complex and time-consuming.

A digital guide to IHT400 for probate practitioners from Advanced Legal

Probate solicitors know how challenging it can be to complete inheritance tax forms such as the IHT400. The process can be complicated, time-consuming and prone to errors with it requiring detailed information about the deceased’s assets, liabilities, and financial affairs.