- 2014 Report on the State of the Legal Market
by Georgetown Law and Peer Monitor
This 15-page White Paper draws on several other reports and surveys to present its findings and conclusions about today’s marketplace for legal services, and every firm leader should take the time to read and study it. We encourage you to take a step further and share its highlights with your partners. In it, you’ll read about market conditions - flat demand, more competition, improve efficiency, more commoditized work, non-traditional service providers - that should deeply concern law firm owners. But you’ll also read about opportunities for those firms with leadership and a willingness to innovate. Another good sign for mid-size firms: It cites evidence that in-house counsel is sending more "important" matters to smaller and mid-size firms than they were three years ago. Finally, it suggests that growth should be the outcome of well-executed, proactive, client-driven strategy, not be the strategy itself.
- Fulbright's 6th Annual Litigation Trends Survey Report
by Fulbright & Jaworski, LLP
Good news for litigators! This year's trends survey, conducted by Fulbright & Jaworski, reports that litigation is up in most every area of law due in large part to the sour global economy. Contracts, bankruptcy, employment and personal injury lead the way. Electronic discovery is another hot, rapidly growing area of law. The 64-page survey report, which includes over 400 US and UK respondents, also cites an increase in the use of alternative fee arrangements for litigation matters.
- Legal Marketplace in Late 2009
by Smock-Sterling Strategic Management Consultants
As we approach year-end 2009, our friends at Smock-Sterling report good news to law firm leaders. They surveyed over 100 midsize firms, asking 26 important questions about the present and future legal marketplace. While many firms and practice areas have taken big hits during the economic downturn, most have not; and the law firm business model has proven itself to be remarkably resilient, especially for midsize firms.
- The Current Economic Environment - What Firm Leaders Are Saying
by John S. Smock, John W. Sterling and Peter A. Giuliani
Forum Faculty member John Smock and his partners recently wrote this assessment of how law firms are performing in the midst of the current economic downturn. And it's not as bad as you might think for the well-managed law firm.