PwC enters law tech market through ThoughtRiver collaboration…
NRF commits to 40:40:20 gender diversity target
Norton Rose Fulbright has set aspirational targets for gender diversity across its global footprint.
The firm will aim for 40% minimum women, 40% minimum men, and 20% flexibility.
“Five years ago, we set a goal of having women comprise 30% of our partnership and key management committees by 2020. We have achieved the global target for representation on our management committees, while coming close to our goal for overall representation of women in the partnership," said Sally Macindoe, Norton Rose Fulbright's Global Head of Diversity.
Gender diversity metrics will be monitored across several areas including the overall partnership, management committees and leadership roles (including client relationship partners and business services leaders), partner promotions, external partner candidates, and senior business services hires.
"We are proud of what we have accomplished since setting our initial gender goals,” added Peter Martyr, Norton Rose Fulbright's Global Chief Executive. “The fact that we will fall short of one of our 2020 targets shows that there is still more to be done. However, this should not deter us from continuing to be ambitious in pushing forward with the attraction, retention, development and advancement of women across our business."
PwC enters law tech market through ThoughtRiver collaboration
Big 4 services firm PwC has teamed up with an AI firm to drive its entry into the law tech market.
By collaborating with ThoughtRiver, PwC will build products on top of ThoughtRiver’s technology platform which leverage the knowledge and expertise of PwC’s lawyers.
“PwC has the longest established legal practice, with the largest global footprint of any leading professional services firm. This collaboration with ThoughtRiver represents an entry into the ‘LawTech’ space, which has until now been dominated by start-up brands, said PwC’s Mike Bailey.
These pay-to-play services will reduce the need for human collaboration and working with the AI firm follows an 18-month tender process and robust research into the market.
“We are at a turning point at which we have the opportunity to embed PwC’s unique legal expertise in cutting edge software. We look forward to working with ThoughtRiver to develop an AI solution that will offer significant benefits to our clients,” added Bailey.
