2016 was a year of strong growth for firms polled in the Law Society Law Management Section (LMS) Financial Benchmarking Survey 2017, which showed a median rise in income of 5.8 per cent for the mid-sized firms that participated.
The income of firms polled in the 2016 Law Society Law Management Section (LMS) Financial Benchmarking Survey has increased for a sixth consecutive year, with a median rise last year of 5.4 per cent, despite a challenging year
Within the next few weeks this year’s Law Management Section’s Financial Benchmarking Survey will be published. We thought, however, that you might like to have a sneak preview of what the full report will reveal. I am delighted to therefore introduce this year’s headline results, which give you a flavour of what to expect from our main survey. In depth results, comparisons to 2013 and expert analysis will be contained in the full report.
Firms now have until 31 October to submit their data for this year’s Financial Benchmarking Survey.
In one of the four webinars inclusive in 2014 Law Management Section membership, Andy Harris provides an overview of the key findings from the 2013 survey, and give an insight into the health and attitudes of legal practices
The Law Management Section’s 2013 Financial Benchmarking Survey has revealed that law firms across the country have generally experienced increases in profitability but points to a need for firms to refocus on ensuring their long-term financial stability. The report is available for £150 for non-Section members and just £75 for members