The results are divided into three different reports for business leaders responsible for managing and succeeding in the priorities of each report. Each report includes summary charts that visually represent the company`s current and historical position relative to its peers, as well as a detailed ranking of the company for the peer group. This report includes key metrics that focus on the business owners of the business. Information for participating and non-participating partners is provided in the following areas: The data extraction tool is available free of charge to participants in this survey who have Elite or Aderant time and billing systems. The Data Extraction Tool is a standalone desktop application that can be installed and run on any PC in your organization. After two years of increasing lawyers` practice, paid hours at most law firms remained unchanged or decreased slightly. The effects of this situation are felt mainly in the first 11-25 and first 26-50 companies, as well as in the postgraduate grades. Despite a year of uncertainty, performance in the UK was better than expected: almost 90% of companies increased their commission income and 65% saw their profits increase. In terms of commission income, the top 10 companies recorded average increases of 10.2%, well above their forecast of 4.5% from the previous year. The top 11 to 25 companies saw an increase of 6.3%, doubling their forecasts.

The top 26 to 50 companies grew by 12.5% and the top 51 to 100 companies by 7.5%. In terms of earnings growth, all of the top 100 ranges also far exceeded their expectations. 30. PwC Lawyers Survey: UK law firms embrace change to succeed in a post-pandemic climate The diversity measures in our survey reinforce the trend seen in recent years, with this important strategic direction changing only to a limited extent for many companies. Over the past year, we have seen COVID-19 restrict employee movement; However, this year`s survey shows an increase in the number of lawyers across the industry. The so-called “big resignation” has had an impact on staff turnover in UK law firms, with a drop of 17% in the top 10 and 28% in the top 26-50 law firms at the 1-2 year PQE level. In this context, it is not surprising that companies have identified the lack of talent as a major challenge to achieve their future ambitions. The PwC report shows that the most successful and profitable law firms in the top 100 have recognized the fact that pricing has the potential to meet the needs and concerns of an increasingly demanding and critical client base, while significantly improving margins and profitability despite ongoing pricing pressures. In the survey, respondents were asked to express their views in a structured manner on how they thought partners were fulfilling the pricing function in relation to the importance of these issues. Administrative staff in the various functions of the enterprise and discretionary benefits for administrative staff are also included.

of the top 100 UK companies have set specific and measurable ESG targets in at least one area: average fee revenue growth in the top 100 UK law firms If you have any questions about registration fees, please contact the Law Firm Survey Team at (703) 918-3077 or by email at (703) 918-3077 or by email at pwc.law.firm.survey@us.pwc.com. “The survey support staff continue to be both professional and very responsive in responding to our company`s ad hoc requests.” All financial and operational statistics under LFS 2021 refer to the year ended 31 December 2021. Information on the basic salaries of administrative heads and heads of department will be collected and communicated from 1 January 2022. On the left, the four target-specific reports that your company receives when participating in the LFS. Sample survey reports are included in the attached files. Based on PwC`s survey, they say you can spend 2% of that revenue on marketing, or £1.6 million. REMINDER: Former participants must contact a survey employee to obtain a customized data form containing the historical data submitted to the survey. The first thing to note is how wrong companies were when they predicted their own likely performance this year.

Even after six months of the pandemic, companies thought they would face a drop in profits of up to 20%, but we can see that they have actually seen remarkable profit growth as legal services have been in demand and multiple cost categories have been eliminated. Companies will be confident of building on this success, and with international offices driving much of this growth, we can expect ambitious companies to continue investing here. Participants may also choose to form peer groups, provided that the criterion for participation in the group complies with all applicable antitrust laws. In no particular order, here are seven reasons why it makes no sense to use PwC`s annual survey of lawyers to set marketing budgets: Well, let`s say you`re a £75 million company with ambitions to grow to £100 million.