Resilience through change
Welcome to our 2018 Annual Law Firms' survey. Here you'll find section by section key themes and findings. Join the conversation on twitter: #PwCLawSurvey
of UK law firms have seen income growth
of Top 10 firms identified technology as the key challenge to growth in next 2 years
of Top 100 say they are somewhat or extremely concerned about cyber
Last year our survey highlighted the pace of change in the legal sector. This year we see an acceleration of that change against the backdrop of a strong year for the sector as a whole. Overall, firms have responded quickly and are showing considerable resilience through change.
Watch our overview video as David Snell, head of our Law Firms' Advisory Group, considers the results and looks at what law firms should do stay ahead during current levels of political and economic uncertainty. You can also explore historic data using the interactive tool and download the survey below.
Using the tool below, you can explore the results of all of our Law Firms' surveys from 2009 to 2018. From key KPIs for law firms including 'fees per fee earner' and 'profit margins', to yearly changes in the size 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 10 years.
Access the explorer below and download the full report to get a more detailed analysis of the 2018 results:
What does the future hold for UK law firms? While firms remain optimistic in the short term about fee income and profit growth from 2018 to 2020, there are a number of challenges on the horizon. This year’s survey identifies four key areas that law firms need to consider to remain resilient through change.