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Demand for large law firm legal services in the first three quarters of the year was at its highest level since the recession, but costs were up and overall productivity was down, according to a Thomson Reuters Peer Monitor Economic Index report.
November 04, 2019 at 01:00 PM
1 minute read
The market for Big Law keeps getting stronger, but that doesn’t mean it’s more profitable.
According to a Thomson Reuters Peer Monitor Economic Index (PMI) report released Monday, demand for large law firm legal services in the first three quarters of the year was at its highest level since the recession and billable rates continue to rise. On the flip side, costs were up and overall productivity was down in the same period.
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