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Peer Monitor
Real-time, competitive legal benchmarking

Peer Monitor

Competitive legal benchmarking to support your strategic planning needs, allowing you to compare your firm against chosen peers.

Peer Monitor Overview (2:14)

What are your firm's needs? Grow your lawyers’ billing rates? Consider a new office location or practice group? Research compensation trends when hiring laterals? Increase your firm's efficiency?

Peer Monitor provides the breadth and depth of information to help you make informed decisions.

Law firm performance metrics tailored to your needs

  • Review a broad range of current metrics, including compensation, demand, rates, productivity, staffing, and profitability
  • Analyze statistics broken out by practice groups, offices, and timekeeper titles
  • Compare your firm to custom peer groups of specific competitors that you select
  • Measure your firm against broad groups to assess market trends
Law firm performance metrics

Why Peer Monitor?

The most current fact-based data in the market

A monthly automated process updates benchmarking and performance data from over 200 participating firms’ financial management systems, ensuring that you have current and real data to support strategic planning.

Dynamic live benchmarking

Compare your firm to peer groups that you select, using over 60 profitability metrics. Looking for a certain job title, location, or practice? Peer Monitor provides the flexibility to get the specific data you need.

Keep current on market developments

Peer Monitor provides high-level trends and market analysis, all designed to keep you in tune with activity in the legal industry. Reports, webinars, and firm engagements help you stay informed about what’s taking place beyond your firm’s walls.

Custom reporting and firm support

Peer Monitor provides quarterly, monthly, and custom reports to your law firm on a regular basis. Additionally, our Client Relationship team provides ongoing support, as though they were an extension of your staff.

Peer Monitor details (PDF)

What customers are saying

Peer Monitor serves as our prime resource for competitive intelligence on key financial metrics. The ability to create custom peer groups on the fly paired with monthly refreshed data, allows a more focused approach on market intelligence throughout the year.

Lee Williams
Troutman Sanders LLP

Peer Monitor vs. survey-based law firm benchmarking

Peer Monitor data Survey-based data
Ease of participation Automated data collection Manually fill out surveys, losing hours or even days of productivity
Accuracy Actual data exported from firms’ financial management systems Depends on quality of survey responses
Data timeliness Data is refreshed monthly, never more than 30 days old Often 3+ months old, depending on frequency and lag time
Access to data Query and sort to answer your questions, plus access to standard and custom reports Static reports and data sets
Peer groups Create your own peer groups from 200+ law firms Predetermined. You don’t know who was selected. Often a poor fit

Explore the Peer Monitor dashboard

In-depth metrics to help you maintain your edge in today’s competitive market

Explore the Peer Monitor dashboard
  • More

    Multiple sorting options

    Select relevant practice groups, offices, timekeeper titles, and years of experience

  • More

    Wide range of metrics

    Over 60 profitability metrics including demand, rates, productivity and expenses

  • More

    Flexible time range

    36 months of data, with current data no more than one month old

  • More

    Customizable peer groups

    Compare your firm against one or more peer groups you select

  • More

    Export to Excel

    Export search results to Excel with a single click


Additional tools from Peer Monitor

Peer Monitor offers additional reporting and benchmarking tools that go deeper into areas of interest to law firms, along with consulting and implementation services to help you get the most from Peer Monitor.

Public Rates details (PDF)

Staffing Ratios Report details (PDF)

See sample Rate Analysis Report (PDF)

See sample Legal Billing Report (PDF)

Additional tools from Peer Monitor

2018 Report on the
State of the Legal Market

2018 Report on the State of the Legal Market

Download your free copy of the 2018 Report on the State of the Legal Market. The Center for the Study of the Legal Profession at the Georgetown University Law Center and Thomson Reuters Legal Executive Institute are pleased to present this 2018 report setting out our views of the dominant trends impacting the legal market in 2017 and key issues likely to influence the market in 2018 and beyond.

Download 2018 report

Other Reports

Peer Monitor Index

- Quarterly legal industry report

Request a demo

To experience Peer Monitor’s live benchmarking, please supply the following information and click Submit.

First name*

Last name*

Email address*

Organization name*

Phone number*

Organization type

Zip code*


Peer Monitor support ›