Law Society Communities

Our communities help you develop in your professional life and make the most out of your Law Society

Find out more

Law Management Section

Financial Benchmarking Survey

Our annual Financial Benchmarking survey is widely recognised as the annual financial health check for small to medium-sized firms. The survey is produced in association with Hazlewoods and sponsored by Lloyds Bank.

Financial Benchmarking Survey 2017/18 is open for contributions

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.

Join the race to the top and get involved in the Survey now!

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.

lms fbs 500x300

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 or 0207 320 5804

In association with:

hazelwoods hd logo 180x88

Sponsored by

lloyds logo

Andy Harris

How do you do?Subscription

10 February 2016

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 

Andrew Otterburn

Bench pressSubscription

4 August 2015

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

All Features on the Survey

Financial Benchmarking Survey 2016 cover image

Buy your copy of the Financial Benchmarking Survey 2016

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.

Benefits of Membership*

Law Management Section renewals

The Law Management Section will provide you with support, advice, networking opportunities and enable the sharing of best practice with peers.

The current Section Engagement Programme has been created in consultation with the Section Committee and will focus on key issues including:

  • Practice Management
  • Talent Management
  • Financial Management
  • Staffing Models
  • IT
  • Client Focus
  • Cyber Security

These issues will be addressed through a range of activities including: Webinars, Magazines, Regional Forums, Seminars, a Conference, Website, E-newsletters and a LinkedIn Group.

*See Section terms and conditions

Join today