Law Firm Profitability

Legal Technology, Mergers & Justice Brandeis’ “Curse of Bigness”

Not long ago, a friend of mine sent out an email announcing that his legal technology company had acquired a similar, smaller, legal desktop software…

Harris Tilevitz March 23, 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

Pricing & Procurement: What I Learned About RFP Software

As a proposal consultant I must admit that I don’t always love using Request for Proposal (RFP) software when responding to a bid. I have…

Nancey Watson March 18, 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

Legal Value Network Launch Highlights Growing Collaboration Among Business of Law Professionals

In the decade-plus since the Great Recession, many law firms have wisely invested in business professionals who can provide a wide range of services to…

Kelly Harbour March 12, 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

The Rise of the Remote Lawyer: How Emerging Technology Is Enabling Work Flexibility

Being a lawyer today looks starkly different than the traditional model of lawyering we saw just 10 or 20 years ago. Technology has dramatically changed…

Ben Levi March 11, 2020

Having a Real Industry Focus: Clients Value Firms that Have a “Deep” Industry Focus — So, Do You? (Part 2)

While attorneys tout their deep technical or functional expertise, most clients view that know-how as table stakes. Clients will assume you’re an expert in employment…

Patrick J. McKenna March 10, 2020

The Mission Begins Pre-Launch: Ensuring Legal Operations Success (Part 1)

Fifty years after we sent humans to the moon, rocket launches remain an awe-inspiring testament to human potential and capability. With respect to Apollo 11,…

Marc Jenkins March 09, 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

PMI Q4 Analysis: Is Your Law Firm Monitoring Practice Productivity?

The law firm industry has grown demand consistently over the past two years, with back-to-back years of 1% growth. Indeed, the most recent fourth quarter…

Isaac Brooks March 04, 2020

On Leadership: “I’m Extremely Comfortable with Change,” Says Graciela Gomez Cowger, CEO of Schwabe, Williamson & Wyatt

We begin a new monthly column, On Leadership, created by Rose Ors for Thomson Reuters. Each month will feature conversations with law firm Chief Executive…

Rose D. Ors March 04, 2020