The laws of organic growth
This LexisNexis report explores the advantages and disadvantages of organic growth strategies used by the UK’s top law firms.
LexisNexis spoke with 20 of the fastest growing law firms – from top 100 law firms, to leading litigators and boutique practices – to explore the strategies that work, and those that don’t.
The responses were plentiful; the most popular being through enhanced client relationships, lateral hiring and talent attraction/retention, business development strategies as well as offering technology-as-a-service.
All law firms want growth. Big or small – firms are chasing more work, more profit and more clients. The traditional solution is to merge or acquire another firm. But – might there be other ways to growth?
Train your own, grow your firm: the business case for the SQE in SME law firms Case Study
For many of the SME law firms we work with, this autumn is the first time they will support trainees through the SQE. The concerns we hear are consistent — firms don’t feel they know enough about the SQE, most don’t have a learning and development team and partners are already stretched. Those concerns are […]
Is your law firm ready for the next decade?
Almost half of respondents to research into the Welsh legal sector are uncertain whether their current business model will remain sustainable over the next ten years. For managing partners, it raises important questions about succession, ownership, and retirement, as well as how to fund growth and prepare the firm for its next stage. The Welsh […]