A dynamic, live benchmarking program that gives law firm leaders access to critical data for making truly informed business decisions.
With continuously shifting industry trends, law firm leaders count on up-to-the-minute, actionable information about marketplace performance to make informed and timely decisions that will lead their firms to success.
Peer Monitor® is a dynamic, live benchmarking program that provides any-time access to critical firm assessment information and allows you to compare your firm against selected peers, with details for practice performance.
Take a look at key metrics such as demand, rates, productivity, and expenses broken out by practice groups, offices and individual timekeepers, on the Peer Monitor dashboard, and view summary or detailed level information for managing partners, practice group leaders, and other law firm leaders.
Peer Monitor provides the most current information available, pulling directly from participating firms’ recent monthly financial statements, yet ensures your firm’s details remain strictly confidential. Participants receive an aggregate benchmark of peer firms’ data to compare against their own data, so they benefit from insights in industry trends while still protecting their individual privacy.
Subscribe your firm today to join your peers and nearly half of the top 200 AmLaw firms as a participant in Peer Monitor. You will receive access to the Peer Monitor dashboard and a quarterly Peer Monitor Economic Index (PMI) detailing the latest economic conditions, with firm-level analysis.
With Peer Monitor, you can:
- Get accurate, real-time financial benchmarks that show how a firm is performing against a specific set of peers in critical areas, including pricing, specific practice areas and offices, down to the timekeeper level.
- Track law firm performance trends and identify operational issues impacting performance.
- Measure your firm’s billing realization relative to your defined peer group
Why choose Peer Monitor?
Industry’s best data normalization ensures “apples-to-apples” comparisons.
Data is current through the last month with over 3-years of historical data.
- Broad Coverage
Covers all major financial measures, including collected rates, realization, revenue, profitability, accounts receivables, direct expenses and overhead expenses.
- Targeted Analysis for Practices
Slice data by practice groups, offices and individual timekeepers to provide analysis for making smart, informed decisions. Create your own peer groups and set up “discovery” from criteria like rate levels, firm size and key practices.
- Accessible When Needed
Web-based access provides secure, continuous data availability and targeted query capability.
- Timely and Relevant
Economic analyses and services like the Peer Monitor Economic Index provide an ongoing connection to participants on trends and issues, providing continuous insights and alerts on the most pressing concerns
- Consultative Support
Peer Monitor Services bring out the enhanced analysis your firm precisely requires.