Monday 16th Mar 2020
Falling in Love with the Problem, BCLP Encourages its Associates to Think Differently By Nick Pryor & Andrew Fletcher How can we create an environment that nudges legal professionals out of their day-to-day and beyond their comfort zone when rethinking their work? At BCLP’s (Bryan Cave Leighton Paisner) 2019 Business Academy, an award-winning technology and ...
Monday 3rd Feb 2020
The large law firm market notched a second straight year of growth in 2019, according to the latest Peer Monitor report. Firms wrapped up what is arguably their best two-year period since the end of the recession, 2019 marked the first two year stretch in more than a decade where demand for law firm services ...
Tuesday 21st Jan 2020
Baker McKenzie, DLA Piper and Clifford Chance top the latest Acritas Global Elite Brand Index, as the firms most top of mind and most favored by corporate clients with more than US$1B in global revenues, as well as most considered for multi-jurisdictional deals and litigation. Baker McKenzie has increased its lead atop the index for ...
Tuesday 5th Nov 2019
Law firms face numerous challenges, including those coming from clients, from within their own firms, and from the economy in general. But how much change are law firms willing to embrace to meet those challenges? The “2019 Law Firm Business Leaders Report: Outlook for U.S.-Based Local & Regional Firms” interviewed law firm leaders. They are ...
Monday 4th Nov 2019
Demand for large law firm services surged in the third quarter to one of its highest levels since the end of the recession. The Thomson Reuters Peer Monitor Economic Index Report (PMI) says the PMI rose three points to 56 — its second consecutive quarterly gain. However, lagging productivity and rising costs dampened profitability slightly. ...
Tuesday 24th Sep 2019
“It is encouraging to note that we have seen a return to stability in the legal market.” That’s the conclusion of the 2019 Peer Monitor Midyear Report, noting that demand for legal services was modestly higher in the first half of 2019, while rates grew at some of the highest levels seen this decade. Much ...
Thursday 15th Aug 2019
At ILTACON 2019 in Orlando next week, the focus will be on legal operation strategies for today’s transforming legal industry. Today we share a preview of A Bold New Vision for the Way Lawyers Work, one of six panels Thomson Reuters will be involved in at ILTACON. Jill Schornack, Thomson Reuters senior director of Product ...
Monday 5th Aug 2019
The large law firm market regained its footing somewhat in the second quarter. After a weak start to the year, demand rebounded in Q2 and rate growth remained strong, lifting the Thomson Reuters Peer Monitor Economic Index (PMI) three points to 53. However, productivity continues to fall, dampening profitability. Demand for law firm services rose ...
Tuesday 25th Jun 2019
Hardly a day goes by when we’re not interacting with someone working the “gig economy” — that Uber driver who gave us a ride, a Instacart grocery shopper or the Bite Squad person dropping off your dinner. You soon might be able to add one more person to that list: your lawyer. A pair of ...
Thursday 20th Jun 2019
Thomson Reuters is proud to announce that this year’s 2019 VANTAGE Worldwide charity partner is Doctors Without Borders, known globally as Medecins Sans Frontieres (MSF). The goal during the conference is to raise $30,000 for MSF and $11,000 had already been raised by attendees on the first day and a fundraising run took place this ...
Wednesday 19th Jun 2019
How firms stand out amongst a variety of competition is a topic that law firms need to continue to address according to the discussion during a panel of Thomson Reuters executives at this week’s VANTAGE 2019 Worldwide Conference. Firms of all sizes must seize opportunities to become more efficient and differentiate themselves from a crowded ...
Tuesday 14th May 2019
While large law firms saw the strongest rate growth in several years in the first quarter, demand growth was flat and productivity fell. The combination dropped the Thomson Reuters Peer Monitor Economic Index (PMI) by six points to 50. Demand for large law firm services slipped 0.1%, however, that was largely a result of weakness ...
Monday 8th Apr 2019
Law firms are under pressure from many quarters these days – from clients to demonstrate greater value and cost efficiency, from competitors such as legal process outsourcing, as well as from other law firms. Trevor Faure, head of Smarter Law Solutions and former head of global legal services at EY, says lawyers need to take ...
