No change in average Top 10 PEP
Range of profit margins falling
Spare capacity within firms (fixed share equity partners Top 10 firms)
We've taken the opportunity in this 25th anniversary edition to look at the results of the current year, look back on previous years and, in the 'firm of the future' section, forward to the challenges firms are likely to face in the future.
Watch our overview video as David Snell, head of our Law Firms' Advisory group, and Kate Wolstenholme, our UK Business Services leader, consider the results. You can also explore historic data using the interactive tool, download the executive summary and register for full access to all of the findings below.
Using the tool below, you can explore the results of all of our Law Firms' surveys from 2008 to 2016. From key KPIs for law firms including 'fees per fee earner' and 'profit margins', to yearly changes in the siize of Top 100 by fee income and male vs female full equity partners. You can analyse and compare the performance of the top 100 firms in the legal sector over the last nine years.
Access the explorer below and download the full report to get a more detailed analysis of the 2016 results:
In this section, new for 2016, we analyse the impact of the global 'megatrends' such as the rise in digital technology, shifts in global economic power and changes in demographic/social power which are creating unprecedented levels of disruption. Clients are demanding more, historical barriers to entry are weakening and employee behaviours and requirements are changing. The legal sector is undoubtedly being impacted and the successful law firm of tomorrow is going to look very different from the law firm of today. Here, we share our views on the issues that today’s law firm will need to address in order to be successful.