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Business development and marketing solutions for large and midsize law firms

Give your firm a competitive business advantage

Strengthen your legal business development, law firm strategic planning, and overall law firm business plan with the Thomson Reuters collection of integrated content, human expertise, and innovative technology. With solutions like Monitor Suite, Business Development Premier, and Peer Monitor, you'll have the robust tools you need to thrive in today's competitive legal environment.

Competitive intelligence and industry insights

Working with outdated or inaccurate information makes
it nearly impossible to attract new business. With the accelerating pace of change in today's legal landscape, it's more important than ever to access the right information quickly.

Today's industry insight challenges:

  • Corporate counsel expects firms to be industry subject matter experts
  • Knowing when and where trends change in practice areas
  • Expanding footprint with current clients

How Monitor Suite can help

Monitor Suite keeps your firm on the cutting edge of information with a complete collection of solutions designed to help you identify strategic growth opportunities. It combines legal information, sophisticated functionality, real-time filtering, company data, and vast docket coverage into an intuitive interface.

Benefits:

  • Up-to-date, powerful legal content that can be filtered to concentrate on specific key clients, industries, geographies, or firms
  • Superior docket coverage that lets you know about filings before your competition
  • 30% more state court dockets than competitors, providing you with more leads
Monitor Suite details
Harris Isenberg

“Monitor Suite is in my top two most-utilized subscription resources, and one that is integral to my ability to complete projects in a timely manner. As related products go, I’ve yet to see a competitor who comes close to the breadth and depth of data, or flexibility in the reporting of that data, which Monitor Suite provides. In addition, over the last year Thomson Reuters has upped their game in providing unparalleled client service for Monitor Suite at a level I have not previously experienced with any product I have used.”

Harris Isenberg, Competitive Intelligence Manager
Stoel Rives LLP

Business growth through effective relationship management

Today's clients demand more efficiency and individualized industry insight. Plus, there are fewer clients, more cases being handled in-house, and nontraditional competitors appearing on the landscape. You need to work hard to keep the clients you have – and even harder to win new ones.

Today's relationship management challenges:

  • Identifying and quantifying relationships with current/potential clients
  • Providing tangible results from marketing activities
  • Disjointed manual process around keeping client/firm information up to date

How Business Development Premier can help

Take a streamlined approach to business development with Business Development Premier. Leverage your strongest relationships to uncover buried opportunities, and use targeted analysis and real-time insights to obtain authentic reasons to stay in touch with customers.

Benefits:

  • Automatically mines your Outlook® address books, calendars, and email
  • Access company profiles with full contact lists
  • Cloud-based solution with automated updates
  • Identify relationships that need attention
  • Uncover 3-5x more contacts with an automated approach
Business Development Premier details

Business Development Premier overview (2:10)

Strategic planning and benchmarking

Competitive benchmarking is more important than ever. From firm efficiency to compensation trends and billing rates, making sure your firm is in line with the market is the first step to staying in the game.

Today's strategic
benchmarking challenges:

  • Correctly pricing matters
  • Clients expect more work for less money
  • Some aspects of legal work are becoming more commoditized
  • Firms are in the dark on what the competition is doing

How Peer Monitor can help

Peer Monitor offers real-time competitive benchmarking, allowing you to compare your firm to chosen peers. Review a broad range of metrics, including compensation, demand, rates, productivity, staffing, and profitability. It's the most current fact-based data in the market, designed to keep you in tune with legal industry activity.

Benefits:

  • Automated, real-time benchmarking and trending
  • Price with confidence by knowing what the competition is doing
  • Accurately price AFAs by knowing your costs
  • Adapt to competitive landscape and market drivers
  • Measure your firm against broad groups to assess market trends
Peer Monitor details

Peer Monitor overview (2:14)