Data & Metrics

View from the Law Firm Financial Performance Forum: New Metrics Offer a New Look

NEW YORK -- At last week’s Law Firm Financial Performance Forum, I presented on the topic of performance metrics for the legal market. Some of…

Jennifer Roberts September 23, 2015

Legal Demand Up, but Poor Productivity Hampers Law Firms, PMI Report Shows

A key path to improving law firm productivity is to increase billable work product output without increasing either headcount or hours. Like most industries, large…

Charlotte Rushton September 21, 2015

Law Firms Growing Professional Staff, but Compensation Remains Flat, LEI Survey Shows

Law firms tend to keep their cards close to the vest. But every so often, information comes out that gives us a bit of a…

Bill Josten September 10, 2015

Peer Monitor Report: Demand Still Weak in Australian Legal Market, But Some Firms are Thriving

Demand for commercial legal services in the Australian legal market has been on a relatively steady downward trajectory for the past five years, and 2015…

Jeremy Crowther August 31, 2015

Peer Monitor Midsize Firm Report: 2015 Proving to be an Interesting Year

An increasingly competitive market filled with cost pressures, commoditization and change has made for an interesting year for midsize law firms as they navigate through…

Jennifer Roberts August 24, 2015

Using Big Data, IPs and Technology to Solve World Hunger: a Thomson Reuters Report

How will we feed 9 billion people in 2050? That’s the question at the crux of a new multimedia report, 9 Billion Bowls, by Thomson…

Tim Nixon August 20, 2015

Profitability Analysis: GPS for a Revised Service Model

More and more law firms are adopting meaningful profitability analysis tools to measure their financial performance. This is a noteworthy and positive development. The development…

Ralph Baxter August 18, 2015

Mid-Size Firms Remain Optimistic Despite Challenges, New Report Shows

No firm has come out unscathed in the new legal climate and this could not be truer for the mid-size market. Charged with going against…

Jennifer Roberts August 11, 2015

Peer Monitor Economic Index Holds Steady for Second Consecutive Quarter

EAGAN, Minn.—The Peer Monitor Economic Index (PMI), which measures the relative health of the legal marketplace, was unchanged for the second consecutive quarter, holding steady…

Peer Monitor August 06, 2015

The A-List: Measuring More Than Money

The American Lawyer magazine announced its annual “A-List” this week, recognizing 20 American law firms which it calls the “new elite.” It is interesting to…

Ralph Baxter July 28, 2015

Why is the Demand for Legal Services Shifting?

Overall demand continues to grow—but the demand for large law firm services has largely flattened in recent years. Why? A combination of emerging new competitors…

Peer Monitor July 20, 2015

Peer Monitor Report: The Make-or-Buy Question & Why the Way Companies are Answering it May Indicate Lasting Changes in the Legal Services Landscape

The question of whether to integrate vertically—i.e., whether to make a needed product or service in-house or buy from a third-party vendor—is not a new…

Todd Bagby July 13, 2015