Legal benchmarking report 2022

Read MHA‘s annual roundup of benchmarked income, profit, cost, financing and growth in SME legal.

|MHA|

The data featured in this report includes part of a year when the country was still working in lockdown during the original outbreak of the Covid-19 pandemic. In some firms it will therefore represent how well the business dealt with the transfer to working from home, how soon offices reopened, what changes were forced upon those legal practices and what strategic changes were made.

We also look forward to 2022 identifying some key strategic measures that legal firms will be focusing on this year to improve overall performance. 

We hope you find the report useful and are able to use the information to support your own business plans. 

AI Lab: Digital dictation for a global law firm

AL Lab — global law firm | Kerv |
Kerv designed a digital dictation platform built directly in Microsoft Teams and harnessing Whisper AI, an advanced speech-recognition model that detects and formats punctuation, understands legal-specific terminology, and adapts to different speaking styles

UK law firms’ focus shifting to value, efficiency and productivity

| Thomson Reuters |
Clients are under increasing budgetary pressures, which is driving a demand for cost certainty, further feeding the desire for value-based services