Crowe’s annual Law Firm Benchmarking survey is live!
We are delighted to announce that Crowe have launched their 2023 Law Firm Benchmarking survey, working in conjunction with the Institute of Legal Finance and Management (ILFM) for the second year in a row.
The annual survey provides valuable insights into the ever-evolving legal industry and enables firms to compare their financial performance with others in the sector. Covering a wide range of areas, the survey provides firms with a unique opportunity to assess their performance, identify areas for improvement and benchmark their practices against other participating firms.
As we leave the pandemic behind and agile working has become the new normal, this year’s survey explores the cost-of-living crisis, how firms are approaching areas such as cyber security, equality, diversity & inclusion and what policies firms have in place for environmental, social and governance issues.
On the financial side, the results will enable firms to compare key performance indicators such as profit per equity partner (PEP), average lock up days, and revenue growth.
All participating firms will receive a bespoke report.
To take part in the survey, please click HERE or use the QR Code below:
What do you get for taking part?
As a thank you for taking part in this important Benchmarking survey, all firms will receive a bespoke report put together by Crowe, which analyses your financial results against other participants. You will receive insight into what other firms are focusing on and commentary on your firm’s performance, providing you with the opportunity to kick start strategic discussions.
Participating in the survey is a simple and confidential process that can be completed using the latest financial information available – the data does not need to be approved or audited. It is separated into two parts and will take no more than 30 minutes in total.
Submissions will be accepted until Monday 31 July 2023. Don’t miss the opportunity to take part. If you have any queries or would like to discuss the survey, please contact Ben Carter at Crowe at ben.carter@crowe.co.uk.
Biography
Ben Carter is a Director in Crowe’s Professional Practices team in London. Ben has over a decade of experience focusing on partnership tax and individual partners’ taxation.
Areas of specialism for firms includes advising on basis period reform, salaried members legislation and tax reserves.
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