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October 23, 2008

New Industry Economic Indicator

I am happy to re-publish the press release issued this morning by ThomsonReuters reporting on a new alliance we have struck.

For my purposes, the value of this will be being able to offer you, my readers, an additional perspective on legal industry market conditions at a time when they might be of particular interest.

West and Bruce MacEwen of Adam Smith Esq. to Offer Economic Insights on Legal Industry Market Conditions

Quarterly webinars to review Peer Monitor Economic Index and key industry trends

EAGAN, Minn., Oct. 23, 2008 - West and Bruce MacEwen, founder and publisher of Adam Smith Esq., today announced they will provide analysis of legal industry economic conditions utilizing key market intelligence sources from West, including the Peer Monitor Economic Index (PMI). Plans include quarterly webinars on West LegalEdcenter reporting on PMI results and economic conditions in the law firm market, with commentary from MacEwen and law firm managing partners. West is part of Thomson Reuters.

MacEwen is a lawyer, leading industry consultant to law firms, and highly acclaimed commentator on law firm economics. His Web site and blog, Adam Smith, Esq. (http://www.adamsmithesq.com/blogg), is a leading source of progressive critical thinking about law firm strategy and economic issues. PMI is the first-of-its-kind, real-time index of law firm market performance, and the combined market insights of PMI and MacEwen shed new light on the trends and issues that are being closely watched during today's volatile economic conditions. The webinars will begin in the fourth quarter of 2008 and will be hosted on West LegalEdcenter (http://www.westlegaledcenter.com), the premier online service for continuing legal education and other legal education programs.

"As law firms continue to evolve into more sophisticated global organizations, the need for strategic insight for law firm management grows as well," said MacEwen. "I'm looking forward to incorporating the rich data that Peer Monitor Index provides into our quarterly online seminars to give strategy and analysis that are backed by timely, comprehensive information from the law firm markets."

"Information is power when it's applied," said Preston McKenzie, vice president, Business of Law, West. "Bruce MacEwen is one of the preeminent analysts and strategists in the legal profession. Our webinars extend the information contained in Peer Monitor Index along with Bruce's analysis to a forum where law firm managing partners and CEOs can derive practical, actionable strategies for dealing with ever-changing market conditions, including law firm hiring, compensation and mergers."

"We¹re excited to offer the Adam Smith Esq. and PMI webinars," said Lee Ann Enquist, vice president, Professional Development, West LegalEdcenter. "They reflect the outstanding and timely online legal education content that is at the core of our mission. Everyone who¹s involved in managing a practice - from large law firms and corporations to solo practitioners, will benefit from the timely insight and analysis that these webinars offer."

The latest edition of Peer Monitor Index can be found at https://peermonitor.thomson.com

# # #

About West

Headquartered in Eagan, Minn., West is the foremost provider of integrated information solutions, software and services to the U.S. legal market. West is part of Thomson Reuters. For more information, please visit the West Web site at west.thomson.com.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minn., Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange, Toronto Stock Exchange, London Stock Exchange and Nasdaq. For more information, go to www.thomsonreuters.com.

 
Published by Bruce at October 23, 2008 5:34 PM | TrackBack
Published to Finance | Strategy

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