The Strategic Legal Sector Insights Report, developed in collaboration with the Law Society, has been created to understand the key trends and insights from decision makers of medium sized law firms. It identifies the key strategic priorities for the legal sector in 2025, based on the results and feedback received from practices.
Partners and other senior representatives of mid-sized law firms with 8 to 50 partners in England and Wales, which generally operate on a national or regional scale, were asked to complete the online survey with questions covering their firms’ outlook and strategic priorities reflecting people, technology, property, ESG and financial aspects.
This report compares financial data such as charge out rates, turnover and lock up , as well as deeper understanding of firms’ technological, environmental and social development.
Questions on borrowing give an insight as to how any organisational growth will be funded. Rising costs present one of the biggest challenges to mid-size law firms, which will be further impacted by the increase in employers’ national insurance revealed in the recent budget.
The research compares financial data, as well as deepening understanding of firms’ technological, environmental and social development goals. This report aims to help you identify strategic opportunities for your firm.
To read an executive summary or to download the full report, click here to view the MHA website.