Following a slow start to the year, the Thomson Reuters Peer Monitor Economic Index (PMI) rose 2 points to 55 in the third quarter, its second consecutive gain. Demand for legal services was up 0.8% – the first quarterly increase seen so far this year. Despite the improvement, year-to-date demand is still down 0.9%. Worked …
Filtered by tag:
PMI
Peer Monitor Index, Capital Stack and new drug sentencing policies – podcast: August 2013
The Legal Current podcast emerges for the second time since its renewal with more unique insights into the Legal market. In the August 2013 edition of the Legal Current podcast, we cover: Legal trends & insights: The Peer Monitor Index (PMI) provides some hope in the second quarter as the law firm market improves Legal news: In a settlement over …
- August 27, 2013
- Kelsey Engbrecht
Law firm market improves, PMI up in second quarter
The Thomson Reuters Peer Monitor Economic Index rose 3 points to 53 in the second quarter, following a poor start to the year. Demand for the quarter was flat. Worked rates were up 3.2%. Litigation fell for the fourth consecutive quarter, dropping 1.5%, although the decline was less than the first quarter. Corporate work, IP …
- August 16, 2013
- Kelsey Engbrecht
Peer Monitor Economic Index falls in first quarter
The Peer Monitor Economic Index (PMI), which measures the relative health of the legal marketplace, fell six points in the first quarter to a reading of 50. A PMI of 65 or greater indicates strong law firm market performance. PMI is a composite index of law firm market performance using real-time data drawn from major …
- May 7, 2013
- Scott Augustin