Top-performing law firms are aggressively investing in their people and their culture to help achieve sustainable growth, according to the 2022 Dynamic Law Firms Report. Released today by Thomson Reuters, the report identifies factors that distinguish high-growth firms – Dynamic firms – from those that are challenged to keep up with the rest of the …
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Talent war
Webinar Will Offer In-Depth Look at Findings of Report on the State of the Legal Market
The legal industry’s intense talent war is driving up costs for firms, but the uptick in compensation isn’t decreasing record-high attorney turnover rates. Join Thomson Reuters and the Center on Ethics and the Legal Profession at Georgetown Law for an in-depth look at this and other findings of the 2022 Report on the State of …
- February 17, 2022
- Carrie Brooker
Thomson Reuters Q4 2021 PMI: Strong Performance Tempered by Increasing Expenses
Last year closed with strong performance across key law firm metrics – including demand, rates, and productivity – but the positives were tempered by the intense talent war driving up compensation costs, according to the Thomson Reuters Peer Monitor Economic Index (PMI), released today. The fourth-quarter 2021 PMI, a composite index of law firm market …
- February 14, 2022
- Carrie Brooker
2022 State of the Legal Market: What Will Be This Year’s Defining Factors?
Thomson Reuters will issue the 2022 Report on the State of the Legal Market next week, reviewing U.S. law firms’ performance over the past year and examining how firms are responding to current trends in the legal industry. The annual report is issued jointly by the Center on Ethics and the Legal Profession at Georgetown …
- January 6, 2022
- Carrie Brooker
2021 Highlights: Can Law Firms Retain Talent in a Cooling Legal Market?
With the year winding down, Legal Current is looking back at the milestones and key accomplishments from the Legal Professionals business of Thomson Reuters. Today we highlight a recent episode of Law.com’s Legal Speak podcast that featured ALM Business of Law Reporter Andrew Maloney talking with Bill Josten, manager of enterprise content for Thomson Reuters. …
- December 14, 2021
- Carrie Brooker
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 …
- December 2, 2021
- Carrie Brooker
Law Firm Business Leaders Report: Talent Wars Are Threatening Law Firm Profitability
Law firm business leaders are optimistic about their outlook but are increasingly concerned about rising competition for talent including how to acquire, retain, and pay staff. These are among the key takeaways of the 2021 Law Firm Business Leaders Report, released today by Thomson Reuters. Legal Current breaks down the report findings on what’s keeping …
- November 16, 2021
- Carrie Brooker
Thomson Reuters Peer Monitor Index: Talent Wars Are a Drag on Law Firm Performance
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 …
- November 8, 2021
- Carrie Brooker