The results of the Law Society Law Management Section’s 2016 Financial Benchmarking Survey have recently been published. Andy Harris provides an overview.

The results of the Law Society Law Management Section’s 2016 Financial Benchmarking Survey have recently been published. Once again, the findings are largely positive, although there are indications that some practices may be slipping back into bad habits.

This year, 200 firms from across England and Wales have taken part in the survey - an increase of about 25 per cent on last year - making it one of the biggest of its kind in the UK. The survey is widely regarded as the leading annual health check for mid-sized practices. As in previous years, participants provided two years’ worth of data - the most recent accounting period and the previous one - allowing us to compare results on a like-for-like basis.