The large law firm market continues its strong recovery – with high marks for demand, rates, and productivity – but the intensifying war for talent is a growing drag on law firm performance, according to the Thomson Reuters Peer Monitor Economic Index (PMI), released today. The third-quarter 2021 PMI, a composite index of law firm …
Filtered by tag:
Large Law
Cost Cuts, Higher Rates Drive Peer Monitor Index Higher
Law firms finished 2020 on an optimistic note. Weakness in demand moderated, rates remained high, and firms were able to reduce several key costs. As a result, the Thomson Reuters Peer Monitor Index (PMI), which measures key law firm performance indicators hit a near-record high in the fourth quarter of 2020. Demand for law firm …
ILTA>ON 2020: Six Predictions From Richard Punt’s Keynote
Among the highlights of today’s ILTA>ON sessions was the keynote address delivered by Richard Punt, managing director of Legal Strategy and Market Development for Thomson Reuters. In his speech, After the Quake: Predictions for an Uncertain Legal Future, he explored the longer-term implications of the past few months for a legal market already in flux …
As COVID-19 Outbreak Looms, Large Law Firm Market Has Strong First Quarter Says Peer Monitor Index
The Q1 2020 Thomson Reuters Peer Monitor Economic Index (PMI) report, found the large law firm market saw strong growth in demand and rates in the first quarter, setting a robust foundation at the onset of the COVID-19 outbreak. It’s important to note that the bulk of the social and economic impact of the outbreak …
Biggest Law Firms Gain, Other Firms Decline in First Quarter, Says Peer Monitor
Demand for legal services at the largest law firms grew in the first quarter, even while overall demand for law firm services slumped, according to the Q1 2018 Peer Monitor report. The segment of the market made up of the largest firms – the Am Law 100 – had a strong quarter, with demand growing …
Big Law & the Battle for Market Share
Large law firms have faced their share of challenges in recent years. But while the challenges and opportunities may be similar across firms, how they respond – and consequently, the rewards and downturns – have been far from similar across the market. On the surface, the latest Peer Monitor report shows a large law market …
Legal Disruption Rewind: Past, Present and Future
This week, Legal Current takes a look back at the issues and topics shaping the future of the legal industry, particularly the large law space. From big data, artificial intelligence and more, we will revisit posts, podcasts and other content from thought leaders, experts and practitioners from Thomson Reuters and around the industry. To begin, …
Legal market trends presented by Thomson Reuters at ILTA 2014
This morning, I attended a session at ILTA 2014 called “Legal Market Trends” presented by Eric Laughlin, managing director, Corporate Counsel segment at Thomson Reuters, and Tommy Williams, vice president, Large Law Firms at Thomson Reuters. Williams began the discussion by talking about what he is seeing in the large law firm space. “Growth for …
Brian Knudsen at AALL – listening to our customers
Thomson Reuters understands the value of listening to our customers and gaining insight on how to better serve them. Brian Knudsen, vice president, Large Law for Thomson Reuters, shares some of what he heard from customers during the 107th annual American Association of Law Libraries (AALL) conference in San Antonio, as well as the trends …
Know your clients’ business – Thomson Reuters Intelligence Center
This post was written by Kathleen Miner, senior director of Large Law Firm Marketing at Thomson Reuters For the past 18 months I’ve attended various legal business development conferences where I’ve listened to general counsel say what’s important to them in choosing a law firm. It all boils down to one key component: know me, know my …
