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large law firm

2020 May Have Been a “Tipping Point” for Law Firms: 2021 Report on the State of the Legal Market

While 2020 brought unprecedented challenges for law firms, history may look back and see the year as a “tipping point” that accelerated significant changes in the law firm market.  The 2021 Report on the State of the Legal Market from the Center on Ethics and the Legal Profession at Georgetown University Law Center and the …

  • January 12, 2021
  • Leonard Lee

Drop in Demand for Law Firm Services Moderates in the Third Quarter: Peer Monitor Index

For many American law firms, the second quarter was an abrupt shock to the system. Yet it also provided ample time to chart a path forward, and firms did just that in the third quarter. The decline in demand for law firm services moderated in the third quarter as rates rose and firms took steps …

  • November 9, 2020
  • Carrie Brooker

Large Law Firm Demand Continues to Drop — Peer Monitor Index

Demand  for large law firm services fell 1.4% in the fourth quarter – the third consecutive quarterly decline and the biggest drop since Q1 2013.  For the full year, demand fell 0.6% – the first annual decline in demand since 2013.  Those are among the key findings from the Thomson Reuters Peer Monitor Economic Index (PMI) report for …

  • February 13, 2017
  • Leonard Lee

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2021 State of the Midsize Legal Market

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Series Four: Adverse Media Screening. Episode 1

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Press Releases

Anti-Money Laundering Compliance Leaders Addressing New Requirements with Technology, Staff
MINNEAPOLIS-ST. PAUL, October 24, 2018 – The commencement of anti-money laundering (AML) requirements for financial institutions issued in May 2018 has caused increasing numbers of firms to shift their... Read more ...
Oct 24, 2018
Thomson Reuters Unveils New Legal Research Platform with Advanced AI: Westlaw Edge
MINNEAPOLIS-ST. PAUL, July 12, 2018 – Thomson Reuters today introduced Westlaw Edge, the latest advancement in legal research, providing legal professionals with the next generation of AI-driven legal search,... Read more ...
Jul 12, 2018
Thomson Reuters Legal Tracker LDO Index Notes Budget Squeeze, Prioritization of Cost Controls and Technology
Report details focus on legal operations, workload increase EAGAN, Minn. June 25, 2018 – For many corporate legal departments, budgets are not keeping up with the growing volume of... Read more ...
Jun 25, 2018

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