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Law Firm Benchmarking 2025

Understand the gap. Unlock the growth.

03/06/2025
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Our annual Benchmarking report provides crucial insights into the financial health of the legal industry and underscores the key challenges faced by law firms and their leaders.

This year, we explore how firms are managing partners' capital, how integrated artificial intelligence is becoming part of their work and how diverse partner groups are. We also look to gauge how firms are feeling about the future. Is your firm leading the way or falling behind others in the industry?

To make it easier for the appropriate person in your firm to complete each section, we have split the survey into two parts (see below). Please use your latest available financial information, internal management information works perfectly well – this does not need to be audited or approved.

Submissions will be accepted until Wednesday 31 July 2025. Don't miss the opportunity to take part! 

Contact us if you have any questions.

ILFM Logo 2023

In collaboration
with the ILFM.




Part one:

Financial data and finance related questions

To be completed by: finance directors or finance teams.

Information required: your latest available financial data .

Start now: 20 mins to complete

Part two:

Your views on what your firm is focusing on

To be completed by: managing partners, senior partners or finance directors.

Questions relating to your: people, performance expectations, risks and future plans.

Start now: 10 mins to complete

A bespoke report for all participating firms

Your bespoke report will analyse your financial results against others who have participated, with an insight into what other firms are focusing on. We will also provide further detail and commentary on your firm's performance. Our bespoke reports feature scatterplots and can be used as a catalyst for strategic discussions. All data is anonymised.

2024 Law Firm Benchmarking

In 2024, we explored firms' sustainability policies, resilience to cybercrime threats and the potential effects of the general election. 
 

Contact us

Ben Carter
Ben Carter
Director, Professional Practices and Private Clients
London
Nicky Owen
Nicky Owen
Head of Professional Practices
London