Data & Metrics

Law firms looking to downsize real estate footprint

Cushman & Wakefield report cites lawyers & staff seeking more work flexibility & higher tech spending as factors The legal industry has long understood the…

Gregg Wirth March 16, 2021

PMI Q4 2020 analysis: Lawyer headcount in January 2021 returns to pre-pandemic levels

When the Peer Monitor Index recorded its highest score since 2006 in the fourth quarter of 2020, it showcased the resiliency of traditional law firms…

Isaac Brooks March 04, 2021

How does a lawyer’s business understanding add value for clients?

Business understanding is a critical factor in the client-law firm relationship. It is something that clients consider to be a hallmark of their best relationships…

Lizzy Duffy March 03, 2021

Growing ALSP market becoming less “alternative”, says new report

The market for alternative legal service providers (ALSPs) has become an important and growing part of the legal landscape. ALSPs provide both corporate counsel and…

Thomson Reuters Institute February 11, 2021

Rise in worked rates in 2020 fueled by proportional shifts

There is much evidence that the large law firm market finds itself at a crossroads. Evidence of the approach toward a tipping point was laid…

Joe Blackwood February 08, 2021

PMI hits near-record high in Q4 as law firms show resiliency

Over the course of the global pandemic in 2020, large law firms implemented multiple strategies to address the industry challenges they were experiencing, leading to…

Thomson Reuters Institute February 02, 2021

Clients turned to trusted law firms last year, shows Acritas’ 2021 Global Elite Brand Index

The global pandemic that continues to disrupt worldwide business and the legal industry brought into sharp focus the importance for clients to be able to…

Thomson Reuters Institute January 26, 2021