News

Measuring law firm success

Thursday 14 February 2008

The Law Society is taking forward an initiative to explore ways of measuring the success of law firms. The initiative will look beyond the blunt instrument of profit per equity partner to the longer-term sustainability of firms, including business strategy, client care, employee engagement, innovation, social capital and efficiency.

Our initiative is prompted by a significant and innovative project launched by Allen & Overy during 2007, and follows their request that the Society takes the project profession-wide. We are grateful for the opportunity to do so.

Next steps

During the first half of 2008, the Society will consult with firms of all types and sizes to refine the ideal model for analytical tools. We aim to make these tools available in the second half of the year.

Get involved

We have organised a workshop to begin our engagement with firms. This will take place in London on 17 March. Places are limited.

Workshop details

Stay updated

Regular information will be posted to this web page, and updates will be posted in our weekly e-newsletter for solicitors, Professional Update.
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More information

On 15 November 2007, a wide range of firms met to discuss early proposals for measurement approaches at a seminar at Allen & Overy's offices. Read a meeting summary (PDF, 835kb)

Presentations:

The seminar followed a series of articles by Guy Beringer, senior partner at Allen & Overy, raising the issue of measuring the success of firms.
Read the articles

You may also be interested in the International Bar Association's (IBA) guidelines on law firm management.