The deadline for survey responses is 30 November 2017.
'The firms that take part in the survey usually have a particular interest in high performance and management.' said Robert Banner, chair, Law Management Section committee.
Helping firms to benchmark against the best in the business, the Law Society’s Law Management Section has launched its new questionnaire for next year’s Financial Benchmarking Survey. With the Survey about to enter its 18th year, it is widely regarded as the 'must have' tool for strategic and business planning.
Unlike other benchmarking reports that assess average performance across the sector, our Survey helps firms to compare themselves to the most successful small and medium-sized firms in England and Wales. Respondents receive a free personalised report so they can rate their financial stability and profitability against others on a like for like basis, an advance executive headline summary, and a copy of the Survey report.
A welcome bonus – the personalised financial health report for your firm
In addition to an advance executive summary and copy of the Survey report, every firm receives a personalised health check report free as a bonus for completing the Financial Benchmarking Survey questionnaire. For the firms that participate year after year, it's the personalised report that really makes the 25 minute job worthwhile.
What makes the report so valuable?
It does exactly what it says on the tin. Produced by Hazlewoods, it puts your firm centre stage, with ratings against key financial stability and profitability comparators set out clearly in a neat and handy booklet. The information is accessible to all staff, whether they have a finance background or not so is ideal for use at team meetings, away days etc.
Take a look at what your firm's report could look like. What are you waiting for? Join the Survey
Need help completing the questionnaire?
Contact MSadmin@lawsociety.org.uk or 0207 320 5804
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The Law Management Section’s 2016 Financial Benchmarking Survey suggests a generally positive outlook, but, warns Andy Harris, some firms may be slipping back into bad habits
Our 2016 Financial Benchmarking Survey is now open for contributions. We asked a law firm partner and a legal consultant why and how they use the survey to support their work
Widely regarded as the leading annual health check for mid-sized firms, the LMS Financial Benchmarking Survey’s 16th year brings together the results of 200 firms to provide a comprehensive analysis of their comparable financial health.