Overview

2013 Annual Law Firms’ Survey

With the global economy now beginning to turn, UK law firms should be well placed to take advantage of an upturn in corporate activity.

While this is undoubtedly true for some firms, the challenges in the UK legal market highlighted in our previous surveys have taken a huge toll on others, so much so that their medium term survival is by no means assured. Pricing pressures, effective utilisation of fee earners and cost reduction have all been major challenges since 2008, driven by shrinking markets, new entrants and consequent oversupply for legal services.

Video: David Snell gives an overview of our findings

Law firms survey 2013

Transcript

Infographic: Highlights from our survey

Law firms survey 2013