Other than mergers, what are the key factors driving growth in law firms today? In last year’s research report, “The Dating Game for Law Firms” by Fox Williams and Byfield Consultancy, 95 per cent of managing partners at the UK’s leading law firms forecast major consolidation at the top end of the sector over the next two years.
Our new research project investigates the alternatives to merger to achieve growth. Are firms putting their faith in team moves and international alliances? How rapidly are new ways of working being adopted? What role does technology play in fulfilling strategic ambitions?
The research will canvass the views of the UK’s top 200 law firms and the results will help inform the debate about the strategies open to today’s law firms. Like “The Dating Game for Law Firms”, this year’s final report will provide important market intelligence for managing partners and boards.
Tina Williams, chair of Fox Williams LLP and head of the firm’s professional practices group, said: “A clear strategy, efficient implementation and huge efforts in integration are critical for a successful merger. However, in today’s highly competitive market, firms should also be considering alternative paths to profitable growth. Our report will show whether firms are putting their trust in tried and tested growth strategies, or whether non-traditional options are gaining traction and investment.”
If your firm would like to participate in the research, please contact Natalie Cush at firstname.lastname@example.org