Litigation has traditionally been the largest practice for major firms. But in recent years, litigation practices have been slowly losing ground and transactional practices have risen to compensate. A new report from Peer Monitor finds that corporate, M&A, tax and real estate work has consistently outperformed litigation practices for the past two years. In fact, …
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Peer Monitor
Transactional Practices are New Growth Centers for Law Firms, Says Peer Monitor Report
EAGAN, Minn. – Transactional practices are becoming increasingly important sources of growth for large law firms, helping to offset a persistent weakness in litigation. Those are among the findings of a new report from Thomson Reuters Peer Monitor. Peer Monitor tracks and analyzes law firm market performance using real-time data drawn from major law firms …
- June 25, 2015
- Scott Augustin
Does your firm’s staff measure up?
Should our firm hire someone to do that? How much more support staff does the firm need? These may be just a few questions firms are asking themselves. Peer Monitor’s 2015 Staffing Ratio Survey points out some key trends. -Overall staffing ratios per 100 lawyers significantly increased in 2014 by 14 percent compared to 2013. …
- June 9, 2015
- Jeff McCoy
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
Podcast: Allison Chock of Bentham IMF on the 2nd Annual West Coast Legal Executive Forum
On March 25, West LegalEdcenter will host the 2nd Annual West Coast Legal Executive Forum in San Francisco. Allison Chock, an investment manager with Bentham IMF, a litigation finance company that provides funding to plaintiffs for large legal disputes in the United States and abroad, will be among the experts at the event. We had …
- March 20, 2015
- Alex Cook
Georgetown-Peer Monitor report cites “irreversible” changes in law firm market
A new report from Georgetown Law Center for the Study of the Legal Profession and Peer Monitor says the market for legal services has undergone fundamental – and probably irreversible – changes. The “2015 Report on the State of the Legal Market” said that while the law firm market rebounded slightly in 2014, firms need to …
- January 13, 2015
- Leonard Lee
Mid-size firms market may be stabilizing
Thomson Reuters Peer Monitor has issued its Mid-Size Law Firm Report for the second quarter of 2014, and the findings indicate that the market for mid-size law firm services may be showing some signs of stability and tentative improvement. Overall demand for legal services from mid-size firms declined by 0.6 percent for the first seven months …
- October 6, 2014
- Susan Martin
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 …
- August 19, 2014
- Susan Martin
April podcast: Jewish Center shooting, NSA surveillance and male strippers
In this month’s Legal Current podcast, we cover: Legal news: Was Jewish Center shooting a hate crime? Legal trends & insights: The controversy over the National Security Agency’s surveillance program News from Thomson Reuters: Peer Monitor releases Mid-Size Law Firm Report On the legal blogs: Male strippers caused emotional distress to nursing home resident You can listen to …
- April 28, 2014
- Susan Martin
Peer Monitor issues Mid-Size Law Firm Report
Mid-size law firms face unique challenges and opportunities in the current law firm market. Peer Monitor has launched its first Mid-Size Law Firm Report, analyzing this segment of the market, which consists of firms outside of the Am Law 200. The report finds that mid-size firms struggled last year, compared with larger firms. But they also may find …
- April 8, 2014
- Leonard Lee