Social Media at Thomson Reuters Edward A. Friedland General Counsel, Legal November 3, 2011.

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Social Media at Thomson Reuters Edward A. Friedland General Counsel, Legal November 3, 2011

Transcript of Social Media at Thomson Reuters Edward A. Friedland General Counsel, Legal November 3, 2011.

Page 1: Social Media at Thomson Reuters Edward A. Friedland General Counsel, Legal November 3, 2011.

Social Media at Thomson ReutersEdward A. Friedland

General Counsel, Legal

November 3, 2011

Page 2: Social Media at Thomson Reuters Edward A. Friedland General Counsel, Legal November 3, 2011.

Social Media at Thomson ReutersAgenda

• General Observations

• Impact on the Legal Information Business

• Impact on the Media Business

• Online Brand Presence

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Social Media at Thomson Reuters

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Social Media at Thomson Reuters

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Social Media at Thomson Reuters

Legal Information Business and Social Media• Marketing & Communication

• New Product Development

• Recruiting

• Customer Support

• Customer Education and eLearning

• Internal Corporate and Employee Communication

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SOCIAL MEDIA ADVISORY BOARD

OCTOBER 2011

HOW SOCIAL MEDIA IS CHANGING…WELL, EVERYTHING

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SURVEY OF ATTORNEYS - SOCIAL NETWORKING SITES AND SERVICES USED IN PAST 2 MONTHS (UNAIDED)

None

FindLaw Legal Blog Network

Twitter

Blogs

YouTube

Wikipedia

LinkedIn

Facebook

28%

3%

9%

11%

21%

26%

33%

42%

41%

2%

2%

8%

22%

22%

13%

33%

1-6 Attorneys (n=100) 7+ Attorneys (n=200)

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• Top social networking sites used are Facebook, LinkedIn, Wikipedia and YouTube

• Attorneys from larger firms are more likely to use social networking sites, especially LinkedIn and Twitter

Statistically significant difference

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COMPANY CONFIDENTIAL

SOCIAL NETWORKING SITES AND SERVICES USED IN PAST 2 MONTHS (UNAIDED + AIDED)

None

LawLinks.com

JD Supra

Digg

Reddit

MySpace

Thomson Reuters News & Insights

Thomson Reuters Blog

LexisNexis Communities

Answers.com

WordPress

Yahoo Groups

Yelp

Martindale Connected

FindLaw Legal Blog Network

Twitter

Blogs

YouTube

LinkedIn

Facebook

Wikipedia

28%

2%

2%

3%

3%

3%

4%

4%

2%

4%

4%

5%

8%

10%

12%

18%

17%

36%

47%

46%

57%

41%

1%

1%

1%

1%

1%

4%

2%

3%

6%

4%

2%

8%

3%

12%

34%

19%

36%

41%

1-6 Attorneys (n=100) 7+ Attorneys (n=200)

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• After prompting, top social networking sites used are Wikipedia, Facebook, LinkedIn and YouTube

• Attorneys from larger firms are more likely to use social networking sites, especially Wikipedia, LinkedIn, Twitter and Martindale Connected

Statistically significant difference

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Westlaw Insider Channel (www.youtube.com/user/WestlawInsider)

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Social Media at Thomson Reuters

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West Publishing – Circa 1981

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SOCIAL MEDIA AT THOMSON REUTERS

Illinois twitter feed includes all Court levels (primarily their Supreme Court) • Calendar information regarding oral arguments• Notice of decisions being handed down

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Philadelphia Courts very active with social media

•Twitter•Facebook presence•SMS•GooglePlus

SOCIAL MEDIA AT THOMSON REUTERS

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SOCIAL MEDIA AT THOMSON REUTERS

State Courts Developing SmartPhone Apps

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Judges Use Facebook for Campaigning

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EDNY Social Media Presence

PACER/ECF RSS Feed Twitter

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West Publishing – Circa 1981

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SOCIAL MEDIA AT THOMSON REUTERS

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SOCIAL MEDIA AT THOMSON REUTERS

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Social Media at Thomson Reuters

Journalism and Social Media• Disintermediating the Flow of News and Data to Consumers

• Opens a Vast New Treasure Trove of Information

• Compressed News Cycle

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SOCIAL MEDIA AT THOMSON REUTERS

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Social Media at Thomson Reuters

Online Brand Presence• Traditional Publishers and Information Providers Competing

with Wikis, Bloggers and Tweeters

• Reaction: Search for Online Credibility, Reliability and Accuracy

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EARNED MEDIA“Earned media is what you get when you foster such a connection with someone that he’s impelled to write a Yelp review, a blog post, a comment or a tweet, sharing their thoughts on your brand with their social network.” – Lauren Drell, Mashable

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PERSONAL BRANDING

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INFLUENCE (PEER INDEX)

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INFLUENCE (KLOUT)

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SOCIAL INFLUENCE

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Social Media at Thomson ReutersLegal Opt Out Requests

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SOCIAL MEDIA AT THOMSON REUTERS