Growth amid inflation
FEATURES
Compensating for a rise in costs through pricing is a challenge for law firms. So, how can they continue to grow? Suzanna Hayek delves into four strategies for growth identified in PwC’s annual law firm survey for 2023, asking how some are being applied at an SME firm
In an era marked by unprecedented economic volatility, SME law firms are being required to strike a balance in order to maintain financial resilience, foster growth, and retain staff
Forward-thinking MSPs are becoming catalysts for innovation, driving positive change and providing law firms with a competitive edge
Growth amid inflation
Although inflation is cooling down and UK economic growth is set to rebound in 2024, some uncertainties remain as geopolitical tensions and upcoming elections could have varying impacts on the global economy.
Having endured rising costs since 2021, firms are finding it challenging to pass the burden onto clients through pricing, according to PwC’s annual snapshot of the market and NatWest’s latest legal report. With a potential drop in profits, we examine strategies for growth and remaining resilient in the face of economic uncertainty.
In this issue
Feature: Four strategies for growth amid rising costs, Suzanna Hayek, deputy editor at LPM
Law firm comment: Be brave in the face of economic uncertainty, Rachel Buckley, joint managing director at The Family Law Company
Case studies
How Ratcliffe and Bibby Solicitors improved risk management, Advanced
Alexiou Fisher Phillipps enhances flexibility and efficiencies, PracticeEvolve
Insights from our partners
Three areas of focus to make the most of your tech, Billy Hume, marketing executive at PracticeEvolve
Nine services by MSPs that go beyond technical support, Nick Hayne, head of professional services at Quiss
