Are medium‐sized firms the change‐makers in legal?

LexisNexis asks how medium-sized firms’ approaches differ from that of their peers and how legal businesses can minimise their COVID‐19 impact.

Law firm leaders estimated that medium firms are undergoing a distinctive innovation. Our research showed that medium firms are more likely to have implemented collaboration & remote working technologies than small or large firms – they are also becoming significantly more specialist and planning long-term for increased M&A activity.

In an environment where businesses are looking at profitability and client retention, what are the next steps for law firms overall?

What you get from this report:

• Insights into business operations and law firm trends from interviews with 355 senior leaders across the UK, from small, medium and large firms
• Trends, opportunities and challenges quoted by firms operating in the middle of the market – and how performance compares to their peers
• Learn potential solutions to the skills and resourcing imbalances that challenge firms
• A view as to how firms are introducing non-traditional offerings to aid revenue growth