“As law firms navigate uneven growth and rising geopolitical complexity, those that invest in talent, embrace new technology, and recalibrate their business models will be best placed to deliver sustainable value across global markets”
Mark Anderson
Global Legal and Professional Services Sector Leader
“To capitalise on their strong performance this year, law firms need to continue focusing on pricing strategies, their workforce, AI and cyber. Resilience will be key to differentiate and succeed in a challenging market.”
Lucy Robson
UK firm Tax Leader, Law Firm Advisory Group
Fee growth and performance but greater resilience is needed to stay ahead
Revenue and profit in the legal sector have continued to grow in FY25. The UK market has performed well, particularly on a global scale. But, geopolitical pressures, increasing cyber threats and the disruptive potential of AI are creating a challenging environment that is dividing firms across the market and increasing the need for greater resilience.
The adoption of AI is accelerating at pace and whilst over half of Top 50 firms are seeing the financial and productivity benefits from AI tools, there is a growing apprehension around price erosion and downward fee pressure.
To drive growth more successfully, firms need to distinguish themselves through more effective execution with targeted investments in marketing and business development, lateral hiring and improved pricing strategy and controls.
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Law Firm Survey 2025
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UK and Global Business Services leader, PwC United Kingdom
Tel: +44 (0)7770 921256
UK firm Tax Leader, Law Firm Advisory Group, PwC United Kingdom
Tel: +44 (0)7732 804798
