Data & Metrics

Using KPIs Effectively: Is Your Firm Measuring What Matters? (Part 2)

The Thomson Reuters’ 2016 State of U.S. Small Law Firms Report released earlier this year showed that small law firms consider client service ratings to…

Mary Juetten December 05, 2016

Examining the Nexus Between Slower Rate Growth & Greater Demand

We recently completed a very interesting analysis around rate performance and what is driving profits for successful law firms. One of our key conclusions is…

Bill Josten November 29, 2016

Worked Rates & Realizations Both Tick Up in 3Q, But Profit Unlikely to Follow

The recently released Peer Monitor Index report for the 3Q showed encouraging signs in terms of rate growth for the year so far. After 2015 saw…

Bill Josten November 22, 2016

Q&A with Gabrielle Lyse Brown: City Bar Hopes Much More Detailed Benchmarking Report Will Drive Diversity Improvement

Quantifying diversity has become a big challenge for the legal industry as the numbers of women or minority lawyers entering the upper echelons of law…

Transforming Womens Leadership November 16, 2016

Growing In-House Work, Client Skepticism Leads to Demand Contraction …Again

The latest Peer Monitor Quarterly Index report showed a second straight quarter of average contracting demand. Though not unprecedented, we haven’t seen two consecutive quarters…

Bill Josten November 15, 2016

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

Using KPIs Effectively: Is Your Firm Measuring What Matters? (Part 1)

I have written before about key performance indicators (KPIs) for the law. My main message has been that like other techniques and technologies, running a…

Mary Juetten October 26, 2016

Thomson Reuters Survey: The Keys to a More Efficient Legal Department

More than 40% of corporate legal departments said the biggest benefit of increased efficiency is being able to focus more on strategic work, according to…

Legal Executive Institute October 24, 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

Law Firm Leaders Forum Infographic: Higher Rate Growth Doesn’t Always Result in Higher Revenue

A newly released infographic from Thomson Reuters' Legal Executive Institute and Peer Monitor suggests that strong rate growth, a key factor for many firms in controlling profitability,…

Bill Josten October 10, 2016

New Kids on the Block: Influx of Millennials Could Remake Corporate Legal Departments, Survey Shows

EAGAN, Minn. — A new survey that gauges perceptions of in-house millennials and explores how they are shaping their workplaces shows that many corporate legal…

Legal Executive Institute October 04, 2016

Declining Litigation Demand May Be Due to Client Pressure, Latest Data Shows

Litigation demand — long-seen in steady decline over the past several years — may actually be a more complicated issue, with client push-back on billing…

Legal Executive Institute September 21, 2016