Peer Monitor

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

State of the Legal Market Midyear Update

Given the massive upheaval in the economy since the onset of the global pandemic, there has been an increased focus by legal business leaders to…

The Thomson Reuters Institute August 17, 2020

Law Firm Partner Profits: What really stands in the way of profit growth?

Even before the onset of the global pandemic, law firms of all sizes were concerned about how to continue growing their bottom line into the…

Bill Josten August 17, 2020

Amid COVID-19 pandemic, legal demand drops in Q2, impacting PMI

The first quarter of 2020 was able to stay strong in the face a COVID-19 pandemic that was still in its infancy in the United…

Thomson Reuters Institute August 10, 2020

PMI Q1 2020 analysis: What’s driving productivity and worked rates?

Prior to the bulwark of broader economic shutdowns, stay at home orders, and court closures, the large law firm market saw strong growth in both…

Joe Blackwood June 05, 2020

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

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…

Thomson Reuters Institute May 11, 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…

Thomson Reuters Institute April 28, 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