Data & Metrics

Dynamic Law Firms Update: A New Look at Some of the Market’s Best

To envision what might be a successful strategy, it often makes sense to observe what is working now. In an effort to bring that philosophy…

Bill Josten June 27, 2018

Facing Increasing Workflow and Stagnant Budgets, Corporate Legal Departments Looking to Improve Legal Operations, New LDO Tracker Report Says

Corporate legal departments are dealing with increasing pressure on how they do their jobs as the volume of their legal work continues to grow, and…

Legal Executive Institute June 25, 2018

Medicaid & Medicare Fraud: OIG Reports Expected $1.46 Billion in Recoveries

In its Semiannual Report to Congress, the Office of Inspector General (OIG) for the U.S. Department of Health and Human Services (HHS) reported that it…

Melissa D. Berry June 22, 2018

Developing a Profit Plan for Law Firms Using Cost Accounting

In the 20 years that I have been implementing cost accounting systems for professional service firms, I’ve continued to encounter those who think that cost…

Legal Executive Institute June 22, 2018

The Value of Consistency: Growing the Top Line (Part 1)

In a new series of blog posts, we will use Peer Monitor data to examine the characteristics of firms with consistent topline growth over the…

Joe Blackwood June 21, 2018

VANTAGE Executive Summit: What Law Firms Should Know About the State of Corporate Law Departments

NEW YORK — Corporate law departments have undergone (and are still undergoing) fundamental change in how they function as part of their corporate parents’ mission.…

Legal Executive Institute June 18, 2018

The “Delta” Lawyer Competency Model Discovered through LegalRnD Workshop

EAST LANSING, Mich. — Thomson Reuters was a sponsor of a two-day gathering at Michigan State University College of Law’s LegalRnD Center run by Dan…

Natalie Runyon June 14, 2018

Forum Magazine: Dead Weight and “Disappeared Revenue” – The Legal Industry’s Overcapacity Problem

It’s a problem that many law firms, especially larger ones, don’t seem to want to talk about, even though the problem is relatively simple to…

Brent Turner June 08, 2018

Forum Magazine: The New State of the Corporate Legal Department Report – Innovation, Data and Collaboration Drive Optimal Results

Thomson Reuters in partnership with Acritas has recently released its first annual report for corporate legal departments, with the Corporate Legal Operations Consortium (CLOC) as…

Lisa Hart Shepherd May 25, 2018

Choosing Wisely: Don’t be Paralyzed by Your Budget

Recently I’ve become more aware of a bit of a phenomenon within law firms. It’s nothing new, it’s just something that hadn’t really caught my attention…

Bill Josten May 24, 2018

Q1 PMI Perspective: As Goes the First Quarter…

As noted previously, the Thomson Reuters Peer Monitor Index (PMI) score for the first quarter of this year dropped eight points to 52. However, one…

Justin Hines May 22, 2018

After Uneven Q1 for Legal Market, Peer Monitor Index Drops on Weak Demand

EAGAN, Minn. — Overall demand for law firm services slumped in the first quarter of the year, even though many of the largest firms saw…

Peer Monitor May 14, 2018