Finally, A Legal Tool Designed With The Needs Of In-House Counsel In Mind

Learn how you can make Practice Point your go-to resource for your legal department.

for article brian 2In a world of increasingly complex and contentious deals, clients expect their legal counsel to work faster while keeping legal bills down. Gone are the days when clients would blindly approve astronomical bills from outside counsel. Frustrated with firms’ inability to control costs, many companies are choosing to do the work in-house, rather than farming it out to overpriced law firms. In the last three years, it’s estimated that companies took approximately $8 billion of business in-house.

While this may be bad news for Biglaw, it’s great news for attorneys who are looking to transition to an in-house position while gaining real legal experience. Nonetheless, taking on new tasks can be daunting. Finding the most helpful resources for addressing time-sensitive matters without reinventing the wheel is absolutely crucial.

That’s where Thomson Reuters’s Practice Point comes in. Designed with the needs of in-house counsel in mind, Practice Point compiles all of the most relevant information and tools in one accessible place, allowing in-house attorneys to streamline their work.

Practice Point’s Resources for In-House Counsel

Much like Westlaw has been the go-to resource for litigators for decades, Thomson Reuters has now also created the essential tool for in-house counsel. Combining know-how resources of Practical Law with Westlaw primary law, forms, secondary sources, and other time-saving tools, Practice Point seamlessly integrates all the resources that you need in one place.

Practice Point is structured in a way that mirrors how a typical attorney approaches a task. Intuitively organized by task-based menus and areas of law, the most relevant information and useful tools are easy to find. You’ll no longer lose precious time running multiple search queries – Practice Point allows you to seamlessly access both Practical Law and Westlaw resources with a single search.

Organized by practice area, project, and task, you can quickly find the most relevant resources without having to wade through mountains of extraneous and irrelevant information. Practice Point’s main search page allows you to jump directly to top tasks, listed both by project type, such as starting a new business or launching a new product, and by practice area, such as antitrust or M&A.

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Practice Point’s key resources are hand-picked by Practical Law attorney-editors who have experience practicing with leading law firms and corporate legal departments. Our experts have taken the time to put all the relevant resources in one convenient place, saving you from having to run redundant searches and eliminate irrelevant content. Practice Point’s proprietary task-based menus allow you to find the most useful and relevant tools the first time so the task at hand can be accomplished quickly and efficiently.

Practice Point’s most useful features allow counsel to tackle projects in unfamiliar and highly specialized practice areas without having to do hours of background reading and extra research. Tools such as checklists, forms, and toolkits place everything an in-house lawyer needs in one convenient place. Mastering new practice areas is easy when all of the resources necessary to gaining a broad legal understanding are already collected and curated for you. Practice Point’s task-based organization provides the user with a clear path for completing any project, from advising and negotiating to efficient drafting of legal documents.

In-house counsel will also find Practice Point’s Business Law Center to be incredibly useful in dealings with other companies. Here you will find, among other things, private and public company information, as well as information on private and public filings and deals. There’s no longer a need to search a variety of public sources in order to be fully prepared for your next meeting. With Practice Point, you can be confident that you’ve reviewed the most up-to-date, relevant information.

With the help of extensive research and input from top corporate counsel, Thomson Reuters has succeeded in developing the premier legal resource for in-house corporate counsel. Developed by internal experts specifically with the pains of corporate counsel in mind, Practice Point is an all-in-one integrated solution for all your in-house legal needs. Given the numerous projects and deals that a typical corporate legal department deals with every day, having time-saving tools at your fingertips to tackle each task with increased efficiency will translate to increased productivity and lower costs across the board.

Learn how you can make Practice Point your go-to resource for your legal department.