Peer Monitor

Rates & Realization: Is Slow Rate Growth the Key to Increasing Demand?

How much is my work worth? It’s a question that law firms constantly struggle with, particularly in the first part of a new year as…

Bill Josten May 12, 2016

PMI Rises in First Quarter: Biggest 1Q Demand Gain Since 2012

EAGAN, Minn. — The Thomson Reuters Peer Monitor Economic Index (PMI), which measures the relative health of the large law firm market, rose two points…

Peer Monitor May 02, 2016

Making Transparency Count in Client Billing

I read a recent entry on BTI Consulting’s Mad Clientist blog with great interest. Who wouldn’t want to learn how to charge clients “whatever you…

Bill Josten March 21, 2016

Growth in Negotiated Rates Slowest in Years, According to Peer Monitor

The billable hour rate is the lifeblood of a large or medium law firm. And in recent years, the flow of this necessary component has…

Bill Josten March 07, 2016

What’s Behind the Drop in Litigation Demand? Large Firms Feel It, Midsize Firms Don’t

The Legal Executive Institute and Thomson Reuters Peer Monitor recently released the Peer Monitor Economic Index (PMI) for the 4th quarter of 2015. The PMI…

Bill Josten March 03, 2016

PMI Drops in 4th Quarter as Weakening Rates & Productivity Hamper Growth

  The Peer Monitor Economic Index (PMI), which measures the relative health of the legal marketplace, fell two points to 50 in the fourth quarter…

Peer Monitor February 17, 2016

Project Management & Process Design Top Law Firm Priorities, Latest Staffing Ratio Survey Shows

Priorities are reflected in the budget. Put another way, people tend to spend the most on what they feel is the most important to them.…

Bill Josten February 01, 2016

James W. Jones of Georgetown Law Speaks on the “2016 State of the Law Firm Market” Report

James W. Jones, senior fellow at the Center for the Study of the Legal Profession at Georgetown Law, spoke on a recent podcast posted on…

Thomson Reuters Institute January 12, 2016

The Size of the US Legal Market: Shrinking Piece of a Bigger Pie — an LEI Graphic

In a new graphic, titled "How Big is the US Legal Services Market?" created by Legal Executive Institute, the size of the US legal market is…

Thomson Reuters Institute January 11, 2016

Georgetown Law-Peer Monitor Report Offers the Legal Industry its own Kodak Moment: Will Law Firm Leaders Listen?

The 2016 Georgetown Law-Peer Monitor Report on the State of the Legal Market begins with an unflattering comparison. It characterizes the position of law firms…

David Curle January 07, 2016

Live Blog: CFO & COO FORUM — Managing Your Law Firm in a Changing Market

NEW YORK — The first panel of the Legal Executive Institute’s 14th Annual Law Firm COO & CFO Forum aptly set the stage for the…

Gregg Wirth October 29, 2015

Peer Monitor Economic Index Drops in 3rd Q — Positive Demand, but Weakening Trends

EAGAN, Minn. — The Peer Monitor Economic Index (PMI), which measures the relative health of the legal marketplace, fell two points to 52 in the…

Peer Monitor October 27, 2015