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 …
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PMI
Strong Fourth Quarter for Law Firm Market
The large law firm market had a surprisingly strong fourth quarter as demand, rate growth and productivity all rose in the same quarter for the first time in almost five years. The Thomson Reuters Peer Monitor Index (PMI), which measures the relative health of the U.S. large law firm market, rose a sharp 11 points …
Large Law Firm Demand Slows in Q3 – Peer Monitor
The large law firm market slowed again in the third quarter, as declining demand more than offset higher rates, according to the (PMI). The PMI, which measures the relative health of the U.S. large law firm market, fell one point to 49. Demand for the large law firm market fell a sharp 1.9 percent — …
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 …
“Big Law” Finds Renewed Strength at the Top: Peer Monitor
The large law firm market has largely been split so far this year, with the very largest segment of firms seeing gains, while other segments of the market are facing more challenging conditions. The latest Peer Monitor report shows that through the first six months of the year, much of the strength in the market …
Q1 PMI: Large Law Firms Improve Demand & Rates But Struggle with Collected Realization
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 …
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 …
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 …
Peer Monitor Index Slumps in Second Quarter
The large law firm market was hit by a one-two-three combination punch of slumping demand, rising expenses and falling productivity in the second quarter. The Peer Monitor Index report saw demand for law firm services fall for the first time since 2013. While rate growth accelerated slightly, it was not nearly enough to make up …
Peer Monitor Shows Weakening Demand and Rates
After a string of seven consecutive quarters of rising demand, the Peer Monitor Economic Index saw flat demand for large law firm services in the fourth quarter of 2015. The new report showed that the PMI fell two points because of weak demand and rates. But much of the decline in overall demand was accounted …
