Peer Monitor

Focused Firms: Expenditures & the Bottom Line

We continue our series of blog posts using Peer Monitor data to examine the characteristics of Focused Firms — those firms that have 50% or more…

Joe Blackwood March 30, 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

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

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…

Thomson Reuters 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

2020 Report on the State of the Legal Market: Who is Driving Worked Rate Growth?

We discussed previously how the 2020 Report on the State of the Legal Market — published in January by Thomson Reuters Legal Executive Institute and the…

Joe Blackwood February 27, 2020

PMI Q4 Analysis: With Demand & Rates Growing, Why Isn’t the Legal Market Stronger? Look Overhead

There are many indicators that currently signal that the legal market is gaining strength. For example, law firms saw the first two-year stretch of 1.0%…

Isaac Brooks February 19, 2020

2020 Report on the State of the Legal Market: A Closer Look at the Cost of Declining Productivity

The 2020 Report on the State of the Legal Market, from Thomson Reuters Legal Executive Institute and the Center on Ethics and the Legal Profession…

Joe Blackwood February 13, 2020

Peer Monitor Economic Index Slips in 2019’s Fourth Quarter

The large law firm market has seen arguably the best two-year period since the end of the recession. Indeed, 2019 marked the first two-year stretch…

Thomson Reuters Institute February 03, 2020

2020 Report on the State of the Legal Market: From Incremental Change to Revolutionary Innovation

Ever heard of the “Fosbury Flop”? Whether you have or not, if you’ve watched the sport of high jumping anytime in the past 50 years…

Bill Josten January 06, 2020

PMI Q3 Analysis: The Magnification of Demand

The market for legal services produced impressive demand growth in this year’s third quarter, seeing a 2.4% jump in hours worked compared to the third…

Isaac Brooks December 02, 2019

PMI Q3 Analysis: The Many Peaks of Demand within Practices

“Those at the top of the mountain didn't fall there." —Marcus Washling The legal service industry has made headlines of late for the impressive demand growth…

Isaac Brooks November 18, 2019