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Annual Law Firm Survey 2023
Emerging from the pandemic – what does the future hold?
The 28th Annual Law Firm Survey, conducted by Evelyn Partners in conjunction with The Lawyer, reveals a sector continuing to thrive amid the significant social and economic challenges of the last few years. We examine the changing landscape of competition, the continuing shifts in working patterns and the views of law firms on the business direction their firm will take in the next 12 months.
The last few years have been characterised by some of the largest social, political and economic upheaval since the Second World War. Law firms emerged from the pandemic in a much stronger financial position than most could have dared hope, but must now contend with a European war, inflation, an energy crisis and a significant economic downturn.
While 93% of law firms we spoke to this year are confident in the business outlook for their firm, they report rising competitive pressures, particularly from international firms. This is most evident in the war for talent, which – after a hiatus during the pandemic – has become increasingly fierce.
Giles Murphy on the Law Firm Survey
Giles Murphy, Head of Professional Practices at Evelyn Partners LLP, discusses the key findings from the Law Firm Survey with Thomas Procter, Head of Research at The Lawyer.
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