Hazlewoods has compiled and written the Law Society’s Leadership and Manangement Section Financial Benchmarking Survey since 2009.
The 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 based on responses from 155 law firms from across England and Wales, with combined turnover of £1.1billion. Overall, resilient law firms reported a strong performance in fee-income and continued to invest in staff in 2021/2022, despite a challenging economic environment. You can access the report 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.