Data & Metrics

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

Focused Firms: Expenditures & the Bottom Line

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

Joe Blackwood March 30, 2020

Focused Firms: Where Does the Efficiency Lie for these Practice-Concentrated Firms?

Continuing our series of blog posts, we will use Peer Monitor data to examine the characteristics of “Focused Firms” — those firms that have 50%…

Isaac Brooks March 19, 2020

The 2020 Report on the State of the Midsize Legal Market: Challenges & Change

The 2020 Report on the State of the Legal Market — produced by Thomson Reuters Legal Executive Institute and the Georgetown Law Center on Ethics…

Barb McGivern March 16, 2020

Introducing “Focused Firms”: The Value of Concentration

In a new series of blog posts, we will use Peer Monitor data to examine the characteristics of “Focused Firms” — those firms that have…

Joe Blackwood March 11, 2020

State of the UK Legal Market: Challenges Emerge to Growth & Sustainability

Over the past couple of years, the legal market in the United Kingdom has shown a pretty good track record of growth, with revenues up…

Legal Executive Institute March 09, 2020