No Match Found
of Top 100 firms report falling profits
of Top 100 firms are extremely or somewhat concerned about cyber threats
is the average UK fee income growth across Top 100 firms
The legal sector has had a strong year with firms achieving an average of 8-10% in fee income growth and firms remaining largely optimistic about future growth. We have also seen increased female representation at full equity partner level across all bandings and 100% of Top 10 firms now reporting that they have a dedicated Cyber Security Chief or equivalent.
However, the last year has continued to be turbulent. With ongoing macroeconomic volatility, increasing cost pressures and high inflation, it is clear that law firms continue to face challenges ahead.
This year, pricing remains a key focus area as cost pressures lead to a fall in profits. Firms also need to take more decisive action and bold steps to transform effectively, embracing innovative technologies such as GenAI and cloud, implementing new strategies to manage rising costs and taking greater action on areas such as cyber security and ESG.
Below, you will find key results from our surveys from 2009 to 2023. Explore and compare how Top 100 law firms have performed over the last 15 years with a spotlight on KPIs including fees per partner, profit margin, annual change in size by fee income and male vs female full equity partners.
Download the Law Firms’ Survey 2023 for a full analysis of this year’s data.