Transformation troubles: responding to a new era of change
LexisNexis uncovers the challenges facing SME law firms in its latest Bellwether report, outlining three major threats on the horizon in need of urgent attention.
The post-lockdown boom has restored business confidence for small law firms. Many have seen their financial expectations met and have devised ambitious growth plans, with mergers and acquisitions becoming increasingly attractive.
But a new wave of change is on its way and small law firms will need to move quickly in order to stay afloat. Can small law leaders apply what they’ve learnt in the last 24 months to a new era of transformation? Or will an out-of-the-woods attitude hold them back?
In the tenth edition of the LexisNexis Bellwether report, we explore the triumphs and challenges facing small law firms and solo practitioners.