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Tuesday 23rd October 2018 - Last update: May 14th, 2018.

2018 Legal Benchmarking Report

May 14, 2018

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Type: Trending

Our 2018 Legal Benchmarking Report reveals the need for firms to focus on organic growth, improving efficiency and billing processes as the sector faces the end of a three-year period of sustained growth.

 

Highlights:

 

  • 2017 heralds the end of a three-year run of income and profitability growth
  • The gap between the smallest and largest practices continues to widen
  • Average lock up levels jump up by 3 to 17 days for many firms
  • Cultural change in staffing and ownership structures in firms
  • Continuing fall in return on capital for firms across the board

 

The full 2018 Legal Benchmarking Report is available now. Click here. 

 

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