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. 

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]