Peer Monitor

Articles by Peer Monitor

Large Law Firms Improve Demand & Rates but Still Struggle with Realization, Q1 PMI Shows

EAGAN, Minn. — The first quarter was generally positive for large law firms, as demand and rates rose, according to the Thomson Reuters Peer Monitor…

Peer Monitor May 01, 2017

Demand Continues to Slump in 4Q for Large Law Firms, According to PMI

EAGAN, Minn. — As 2016 came to a close, there was little to cheer about in the large law firm sector as Thomson Reuters Peer…

Peer Monitor February 13, 2017

Peer Monitor Economic Index Holds Steady in 3Q, Amid Drop in Demand

EAGAN, Minn. — The large law firm market battled crosscurrents to a standstill in the third quarter of this year, as higher rates were offset…

Peer Monitor November 07, 2016

Peer Monitor Report: Firms With Slower Rate Growth May Be Seeing Higher Demand

Firms that are willing to accept smaller rate increases are on average experiencing higher demand and revenue growth, according to a new Special Report from Thomson…

Peer Monitor October 17, 2016

Breaking: Peer Monitor Index Slumps in 2Q as Demand Drops for First Time since 2013

EAGAN, MINN. — The large law firm market stumbled in the second quarter, stung by a combination of slumping demand, rising expenses and falling productivity.…

Peer Monitor August 01, 2016

PMI Rises in First Quarter: Biggest 1Q Demand Gain Since 2012

EAGAN, Minn. — The Thomson Reuters Peer Monitor Economic Index (PMI), which measures the relative health of the large law firm market, rose two points…

Peer Monitor May 02, 2016

PMI Drops in 4th Quarter as Weakening Rates & Productivity Hamper Growth

  The Peer Monitor Economic Index (PMI), which measures the relative health of the legal marketplace, fell two points to 50 in the fourth quarter…

Peer Monitor February 17, 2016

Peer Monitor Economic Index Drops in 3rd Q — Positive Demand, but Weakening Trends

EAGAN, Minn. — The Peer Monitor Economic Index (PMI), which measures the relative health of the legal marketplace, fell two points to 52 in the…

Peer Monitor October 27, 2015

Peer Monitor Economic Index Holds Steady for Second Consecutive Quarter

EAGAN, Minn.—The Peer Monitor Economic Index (PMI), which measures the relative health of the legal marketplace, was unchanged for the second consecutive quarter, holding steady…

Peer Monitor August 06, 2015

Why is the Demand for Legal Services Shifting?

Overall demand continues to grow—but the demand for large law firm services has largely flattened in recent years. Why? A combination of emerging new competitors…

Peer Monitor July 20, 2015

Erosion of Rate Growth: Am Law 50 Drives the Decline, Peer Monitor Reports

One of the more notable trends in recent months has been the signs of weakness in rate growth. The first few months of 2015 did…

Peer Monitor June 29, 2015

Law Firms Seeing Boost in Transactional Business, Peer Monitor Report Shows

Transactional practices are becoming increasingly important sources of growth for large law firms, helping to offset persistent weakness in litigation, according to a new report…

Peer Monitor June 22, 2015