Despite the legal profession facing the most challenging times in its 300 year history, UK law firms are still failing to plan strategically, the new survey from The 360 Legal Group has revealed.
And, whilst six out of ten firms are planning to grow their businesses by acquisition and/or merger and a third are planning to reshape their businesses by focusing on more profitable business one in five firms are still failing to plan any form of strategic initiative to carry them through the uncharted territory of The Legal Services Act.
The latest research into the business and future plans of legal practices are revealed in 'The Future of the Legal Industry Survey'. The survey was undertaken by The 360 Legal Group between January and May of this year with 188 law firms, from sole practitioners to firms with 200 plus employees participating.
'The Future of the Legal Industry Survey' is available from The 360 Legal Group, priced £49.99 plus VAT (£39.99 plus VAT for members of The 360 Legal Group).
To purchase your copy please call 01275 465540 or email using this link.
To read the summary report please click here.
