You are here

After the storm: How independent law firms can achieve competitive success

Chris Marston considers what a profitable, growing, independent and highly-regarded law firm would look like in 2018 

22 September 2014

The changes ushered in by the Legal Services Act and pressures created by an economy in deep recession have driven a marked change in attitudes at partner level in the more enlightened UK law firms. Elsewhere in the sector, however, there remains a need for change. Faced by radical regulatory and competitive reform, many firms have had to grapple with commercial principles (perhaps for the first time), to ride out the storm and survive in the changing conditions.

We hear talk of an upturn and sustainable recovery may well be on the way, with the International Monetary Fund forecasting 2.9 per cent growth for 2014 and PwC predicting that the UK economy will overtake France and become the world's fifth largest by 2020. However, firms cannot be complacent and need
to think hard about how they can make
a real difference and thrive in the
years ahead.

Law firm partners wear three hats: practitioner, manager and investor. But how do t...

Want to read on?

This article is part of our subscription-based access. Please pick one of the options below to continue.

Already registered? Login to access premium content

SUBSCRIBE for one User

Unlimited access to the entire SJ website for a full year for one user.

  • 10 issues a year delivered to you
  • Digital edition of the magazine for one user – sent to your inbox or accessible through the website
  • Access to premium content on the website
  • Access to the fully searchable online archive of Solicitors Journal, Managing Partner and Private Client Adviser, which spans over 13 years
  • Weekly email newsletter with all the latest news, analysis and features
  • Comment on SJ content and contribute to the SJ community online
  • Advanced search feature
  • Online support
  • Access to SJ app compatible with Android and Apple devices – coming soon!
  • 6 special focuses per year
  • Special offers and discounts on Solicitors Journal and IICJ events

Subscribe

CORPORATE SUBSCRIPTION

Your department or entire firm can subscribe to Solicitors Journal online, providing easy access for all who require it. Discount corporate subscription rates apply, based on number of users.

The Corporate IP Licence includes:

  • Digital copy of the magazine sent to individuals’ inboxes and accessible through the website. Solicitors Journal publishes 10 issues per year
  • Unlimited access to premium content on the website based on IP addresses
  • Unlimited access to the fully searchable online archive of Solicitors Journal, Managing Partner and Private Client Adviser, which spans over 13 years
  • Weekly email newsletter with all the latest news, analysis and features
  • Comment on SJ content and contribute to the SJ community online (username required)
  • Unlimited access to SJ app compatible with Android and Apple devices
  • 6 special focuses per year
  • Special offers and discounts on Solicitors Journal and IICJ events

The Corporate IP Licence is tailored to your firm, making it the most cost effective way for the firm to access Solicitors Journal, and enables the firm to remain compliant with copyright and our Terms and Conditions. This gives you the ability to print and circulate articles within the firm.

To enquire about a Corporate IP Licence for your firm, please contact our Subscriptions Manager on emily.beechey@solicitorsjournal.com.