Two steps forward, one step back for large law firms in the first quarter. Demand for legal services rose, as did rates, helping boost the Thomson Reuters Peer Monitor Index to its highest mark in almost two years. Demand rose 0.3%, and worked rates were up 3.0%, one of the strongest quarterly rate growth figures in more than …
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large law firms
Peer Monitor Index Holds Steady in Q3
Cross-currents buffeted the large law firm market in the third quarter. Firms saw the highest rate growth in two years, but also suffered the second consecutive quarterly decline in demand. The result was that the Peer Monitor Index held steady at 48 for the quarter. Rates have been rising steadily all year. In the third …
- November 7, 2016
- Leonard Lee
Peer Monitor Index flat in Q1
The Peer Monitor Economic Index (PMI), which measures the relative health of the legal marketplace, was unchanged at 54 in the first quarter. Despite slightly higher demand for law firm services, weak rate growth and falling productivity held back gains in the market Demand for large law firm services rose 0.6 percent during the quarter – …
- May 6, 2015
- Leonard Lee
For Thomson Reuters executive, path to manager role was built on networks
Allison Guidette’s path to managing director for Thomson Reuters’ Large Law Firm segment “went up, went sideways, but finally, got me where I wanted to be,” she said with a laugh. One thing that has remained consistent for Guidette, though, is the value she places on having a solid network. Not “networking” in the sense …
- December 5, 2013
- Susan Martin
Allison Guidette talks cloud-based solutions, Elite and trends in the legal industry
It’s a little known fact, but Thomson Reuters has 30 years running cloud-based applications – with Westlaw. In the video clip below, Allison Guidette, managing director of Large Law Firms at Thomson Reuters, talks about why we are moving more of our capabilities into cloud-based solutions, as well as trends impacting large law firms and …
- February 7, 2013
- Susan Martin
Thomson Reuters acquires Practical Law Company
Thomson Reuters recently acquired Practical Law Company. In the video clip below, Allison Guidette, managing director of Large Law Firms at Thomson Reuters, discusses the importance of this acquisition and what it means for the company. “Practical Law Company offers valuable know-how, practical tools and check lists – the types of resources lawyers need in …
- February 5, 2013
- Susan Martin
Practice Innovations Newsletter – October edition
An excellent resource for large law firm practitioners, the Practice Innovations Newsletter has just published the October edition. The feature article highlights a case study on the role of the Alternative Fee Manager, discussing existing and emerging roles for the AFA Manager and how AFAs aid in fee conversations with clients. Also in this issue is information …
- October 17, 2011
- Susan Martin