As 2021 winds down, Legal Current is looking back at the milestones and key accomplishments from the Legal Professionals business of Thomson Reuters. Today we look at three recent thought-leadership reports that provided insights into how law firms are handling the rising competition for talent: the 2021 Law Firm Business Leaders Report, the Q3 2021 …
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2021 Highlights: Peer Monitor Insights into Law Firm Performance and Recovery
As 2021 comes to a close, Legal Current is looking back at the milestones and key accomplishments from the Legal Professionals business of Thomson Reuters. Today we revisit findings of the quarterly Peer Monitor Economic Index reports through the first three quarters of 2021 and the insights they provided into how law firms are recovering …
Peer Monitor Index: Legal Industry Reaction to Record-High Rating
Last week Thomson Reuters released the Q2 2021 Peer Monitor Economic Index (PMI), a composite index of law firm market performance, with a record high of 84 points – a 22-point jump and the biggest quarterly increase in the history of Peer Monitor. The report explored the factors and trends contributing to the rating, including …
Thomson Reuters Peer Monitor Index: Historic Highs and Lows of Law Firm Market Performance
Thomson Reuters will issue the Q2 2021 Peer Monitor Economic Index (PMI) report on Aug. 9, marking the first full-year report since the COVID-19 pandemic hit. Issued quarterly since 2006, the reports explore law firm market performance using real-time data drawn from major law firms, examining drivers of law firm profitability, including rates, demand, productivity …
2020 Highlights: Peer Monitor Insights on Law Firm Performance in the Pandemic
With an unprecedented and tumultuous year winding down, Legal Current is revisiting how Thomson Reuters thought-leadership reports tracked the progress of the law firm market during 2020. The year kicked off with the 2020 Report on the State of the Legal Market, one of several studies Thomson Reuters publishes throughout the year drawing on Peer …
Panoramic View: Media Highlights of the Launch
Last week’s Thomson Reuters Panoramic launch has generated positive coverage from legal industry media and bloggers. Journalists and influencers have shared their take on Panoramic following the media briefing and product demonstration Thomson Reuters hosted. Reporters have touted the impact Panoramic will have on lawyers’ overall workflow – particularly around pricing and billing – and …
