Data & Metrics

PMI Q1 2020 analysis: What’s driving productivity and worked rates?

Prior to the bulwark of broader economic shutdowns, stay at home orders, and court closures, the large law firm market saw strong growth in both…

Joe Blackwood June 05, 2020

Law firm billing in a crisis: Beware the optics of discounts

We are in a period right now where many clients, perhaps more than even during the Great Recession, are experiencing acute cash flow issues. As…

Bill Josten May 28, 2020

Forum Magazine: Unpacking law firm value — drivers & density

This article originally appeared in the Spring 2020 issue of Forum magazine. Valuation of law firms is neither a capital market nor regulatory requirement, but…

Madhav Srinivasan May 27, 2020

What’s happening to RFPs during the pandemic?

There has been a recent market uptake in the utilization of Request for Proposals (RFPs) and bids during the pandemic, and I wanted to find…

Nancey Watson May 26, 2020

Law Firm Updates: COVID-19’s Impact on the Business of Law

As the COVID-19 pandemic continues to hamper the economy and up-end business as usual, many law firms are grappling with the big questions of how…

Legal Executive Institute May 25, 2020

PMI Q1 2020 analysis: Firms begin to cut overhead expenditures

As the country’s response to COVID-19 ramped up in the final two weeks of March, including lockdowns and shuttering of businesses deemed non-essential, uncertainty for…

Isaac Brooks May 20, 2020

Operational checklist for reopening your law firm

In a Special Edition of our Practice Innovations newsletter, we will be looking at the immediate challenges facing the legal industry and the solutions and…

William P. Scarbrough May 18, 2020

As economic uncertainty looms, law firms bounce back in first quarter, PMI shows

The large law firm market saw strong growth in demand and rates in the first quarter, a robust foundation that stood at the onset of…

Legal Executive Institute May 11, 2020

Data-Driven Law Firm Financial Performance & Profitability Analytics for the Next Wave

In January, I conducted a law firm sentiment survey that asked how firms performed in 2019 and whether 2020 would bring more or less favorable…

Mark Medice April 30, 2020

2020 State of Corporate Law Departments Infographic: 4 Main Takeaways

It comes as no surprise that amid the current crisis, the heavy pressure that corporate law departments were under on many fronts before has only…

Legal Executive Institute April 28, 2020

State of Corporate Law Departments Report: Adapting to the New Needs of 2020

Corporate law departments are under heavy pressure on many fronts, and the current pandemic crisis that is seeing the way work is done upended across…

Legal Executive Institute April 21, 2020

Focused Firms: Segmental Differences in Demand & Efficiency

We continue our series of blog posts using Peer Monitor data to examine the characteristics of Focused Firms — those law firms that have 50%…

Joe Blackwood April 13, 2020