Peer Monitor

2021 Report on the State of the Legal Market: An “inflection point” for law firms

The 2021 Report on the State of the Legal Market, issued today by the Center on Ethics and the Legal Profession at Georgetown University Law…

Thomson Reuters Institute January 12, 2021

Year in review: In Q3 2020, lawyer headcount contracted for first time since 2009

Leading up to the release of the “2021 Report on the State of the Legal Market” on January 12, 2021, we will reexamine the tumultuous…

Isaac Brooks January 07, 2021

Year in review: Q2 2020 & the pandemic shutdown

Leading up to the release of the “2021 Report on the State of the Legal Market” on January 12, 2021, we will reexamine the tumultuous…

Joe Blackwood December 23, 2020

A tale of two markets: “It was the best of times, it was the worst of times, …”

The global pandemic has had a measurable effect on all markets across the globe, and the legal industry has been no exception. While the first…

Joe Blackwood December 21, 2020

Year in review: In Q1 2020, a reversal of fortunes

Leading up to the release of the “2021 Report on the State of the Legal Market” on January 12, 2021, we will reexamine the tumultuous…

Isaac Brooks December 17, 2020

PMI Q3 2020 Analysis: Associate reductions impact all facets of the legal market

The large law firm industry regained some footing in the third quarter of this year, despite an environment of low demand, owing to positive factors…

Isaac Brooks December 02, 2020

Amid the pandemic, Big Law gains back some ground, according to Q3 PMI

The large law firm market recovered some ground in the third quarter amid cross-currents of low demand, high rates, and reduced expenses. These competing and…

Thomson Reuters Institute November 09, 2020

Successful law firms protect productivity with savvy and strong teams, according to the 2020 Dynamic Law Firms Report

What drives a successful law firm? Often, the answer involves learning from the success of other law firms. Lawyers are steeped in a culture that…

Thomson Reuters Institute October 22, 2020

PMI Q2 analysis: Top of market law firms largely driving rate growth

The second quarter of 2020 was marred by near unprecedented global uncertainty. The COVID-19 pandemic was still in its infancy, and no one at the…

Joe Blackwood September 17, 2020

Australia: State of the Legal Market 2020 — Growth amid the storm

Despite turmoil in the global economy brought on by the COVID-19 pandemic, the 30,000-foot view of the Australian legal market looks relatively rosy compared to…

Thomson Reuters Institute September 09, 2020

2020 Legal Market Report: How Innovative Technology is Reshaping the Business & Practice of Law

If the traditional practice of law were a kitchen appliance, it would be a slow cooker with a few basic settings that got the job…

Thomson Reuters Institute September 03, 2020

PMI Q2 analysis: Small headcount shifts creep into Q2 results

As the second quarter of this year ended, the large law firm market still was grappling with the effects of the COVID-19 global pandemic. Stay-at-home…

Isaac Brooks August 26, 2020