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Modest Rate Increases Predicted For 2012
The National Law Journal released its annual billing rate survey this week and for the third year in a row, billing rates showed modest increases. For the 62 firms in the NLJ 250 ranking that provided...
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Lateral Moves a Major Trend in 2011
Yesterday we discussed how changes in legal career trends are affecting law firm strategy. This week, Peer Monitor data illustrates how those trends are affecting firms, particularly with regards to...
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Law Firms Close Out 2011 on a Down Note
While 2011 began on an optimistic note for law firms, the same cannot be said for how the year ended – on a “decidedly low note” according to December data from the Hildebrandt Institute’s Peer...
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Law Firm Pricing Survey: Centralized processes can influence satisfaction and...
The economic downturn has created increased pricing pressure within legal services. We’ve written previously about the growing importance of alternative fee arrangements in a law firm’s pricing tool...
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PMI Index: Weak Demand in Q2 Points to Challenging 2012 Outlook for Law Firms
The Hildebrandt Institute’s Peer Monitor Economic Index (PMI) fell 4 points in the second quarter, to 51. Demand growth was slightly negative and rate growth was also weak. Expense growth, which has...
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Labor & Employment: Swimming Against the Tide of Weak Demand
While demand for legal services is weak and corporate work in particular is suffering, a recent article in The Washington Post highlights the growing demand for labor and employment expertise. In a...
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Celebrating HIB’s First Anniversary
This week marks the one year anniversary of the Hildebrandt Institute Blog. In the past year, we’ve learned a lot and we hope you have, too. Thank you for reading. We are proud of the content on the...
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Sustaining Growth in the UK Legal Market Remains a Challenge
A number of our recent posts have focused on trends and challenges impacting the UK legal market currently. While the UK economy continues to languish in a double-dip recession with transactional...
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Big Data: It’s Kind of a Big Deal
Harvard Business Review has an in-depth look at “big data” this month with a feature by Andrew McAfee and Erik Brynjolfsson, the principle researcher and director of MIT’s Center for Digital Business...
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Monday Clicks: Doing Your Civic Duty
This week it’s business as usual: middling economic indicators for the legal sector, the legal academy is still fretting over the state of legal education, and the Libor scandal continues apace. There...
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Is It Time to Burn the Ships?
That’s the question asked by the 2013 Report on the State of the Legal Market. Prepared by The Center for the Study of the Legal Profession at the Georgetown University Law Center and Thomson Reuters...
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The Good, Bad and Interesting Q4 2012
Some things are up (although modestly) and some things are down, but one thing is certain—the legal market is settling into a new normal of flat demand and real growth seen only in regional, midsize...
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