Our fourth annual Legal Firm Survey

By admin - March 9, 2018

Pitcher Partners recently conducted our fourth annual Legal Firm Survey. The survey was designed to gain further industry insight and to help firms make informed decisions during times of rapid change.

The major themes emerging from our survey include:

  • Profitability appears to be linked to the legal and decision-making structures of firms
  • Size of firm, based on the number of equity partners, has impact on profitability in the current market environment
  • Revenue increases are not consistently translating into bottom line profit growth
  • Regular reporting and WIP reviews appear related to firms with higher profitability
  • Documented succession plans are increasing but most law firms are still without one
  • New developments in technology are being used to improve the client experience
  • The vast majority of law firms’ and their clients’ information appear unprotected against cyber-attack

Download the full report here.


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Rob Southwell

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Sydney

Managing Partner and Partner – Private Business and Family Advisory


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Michael Minter

Michael Minter's picture

Newcastle

Managing Partner


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Leon Mok

Leon Mok's picture

Perth

Managing Director


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Brendan Britten

Brendan Britten's picture

Melbourne

Managing Partner and Executive Director/Partner- Business Advisory and Assurance


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Nigel Fischer

Nigel Fischer's picture

Brisbane

Managing Partner - Private Business and Family Advisory


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Tom Verco

Tom Verco's picture

Adelaide

Managing Principal - Private Business and Family Advisory


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