Hazlewoods has compiled and written the Law Society’s Law Management Section (LMS) Financial Benchmarking Survey for the last nine years.
The LMS survey reports on mid-stream practices, giving invaluable financial comparisons, against which firms may measure their own performance - an invaluable way for them to identify where they might improve and ultimately generate more profit.
This year’s survey is bigger than ever with 160 law firms taking part, and includes practices with turnovers from under £1 million to in excess of £10 million. For the first time the new updated format is freely available to download at here.
In addition to the confidential national survey, our clients receive their own tailor made benchmarking report which is specific to their particular size and specialisms. This can be a written report, or if you prefer, a visual presentation to the partnership, which compares the practice’s own results to five other practices of a similar size and work type to give a ‘top six’ report on all areas of financial performance, together with commentary on key areas of performance.