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This blog post was authored by Heather Fox, manager with Thomson Reuters Communications Team, and it originally appeared in Thomson Reuters Legal Current, which can be found…
Understanding your business means understanding your clients. Not only their legal needs, but the fundamental elements of their industries. To that end, LawyerMetrix has built a proprietary database of all U.S.-based corporate organizations with at least $10 million in revenue.
The map below summarizes our coverage of the corporate legal market. It visualizes…
In discussions about diversity and inclusion, legal industry observers often criticize law firms for their failure to keep pace with the increase in law school diversity. The criticism shows up in front-page headlines – for example, “Diversity stalls at top U.S. law firms.”
The key…
This is the time of year when the legal industry is talking about “How the numbers have changed” with respect to diversity. It is a short conversation; they haven’t. According to the 2017 NALP Report on Diversity In U.S. Law Firms, the numbers have remained flat since 2009. There is little to learn from talking about the How – it…
LawyerMetrix (LMx) has been busy studying factors that differentiate the more and less profitable law firms. One of our takeaways is that focus is a key differentiator. On several dimensions, we find that – at least for firm profitability – less is more.
To preview these insights, consider our conclusion regarding “practice focus” – i.e., having a concentrated set…