Law Firm Benchmarking 2020

Our annual Benchmarking, launched today, provides insight into financial performance in the legal sector as well as the key issues facing law firms.

What's new this year?

This year, in addition to asking firms for their views on key risks and challenges, we are also asking firms to reflect on their operational response to the COVID-19 pandemic, and asking for their current views on the short and longer term impact of the pandemic.

When taking part make sure you have the following information to hand:

• turnover
• profit – including that available for share amongst top-tier partners and all partners
• staff costs
• number of staff – split by support staff and fee earning staff (including paralegals)
• number of partners and top-tier partners
• accrued income and work-in-progress
• amounts owed by clients
• professional indemnity premium paid.

You do not have to complete the survey in one go. If you need to leave the survey before you have finished, please make sure you fill out all the questions on the page you are working on and click next, all your answers will automatically save.

Submissions will be accepted until Friday 9 November. Contact us if you have any questions.

Take part in 2020 Benchmarking