The PwC Law Firm Statistical Survey (LFSS) is a consistently reliable source utilized in assisting law firm management with establishing solid business plans and strategies to stay on top of today’s challenging financial and operational issues.
The PwC Law Firm Statistical Survey (LFSS) continues to be recognized as a leader in providing operational and profitability metrics to law firms since 1957.
During these continuing challenging economic times, law firm management seeks the tools necessary to assist them in their cost-cutting initiatives.
The Law Firm Survey staff is committed to providing detailed information and trends relative to staffing levels and expense management that can allow your firm to maintain a competitive market position.
Timing: Submissions are due on April 11, 2014. Results will be distributed on or about May 16, 2014.
Fees: The base participation fee is $1,850, which includes one comparison group. Additional comparison groups are billed at $375 each.
Why you should participate
Obtain a comprehensive view of key operational metrics used by law firms: profitability, cost management, administrative staffing levels, leverage, cash management, and capitalization.
Review of 'Hot Topics', communicated by law firm leaders as necessary to meet today's growing challenges. Topics include subjects such as client communications, bank borrowings and credit lines, alternative fee arrangements, and the utilization of aspects of today's technology.
Gain office-specific benchmarks that may provide a valuable measure in managing the changing face of your business.
Obtain five distinct audience-specific reports that include two boardroom style reports with high-level reporting trends and three detailed reports intended for the CFO/Controller.
Access to over 700 distinct comparison groups categorized by firm or office size, location, your individual peers, or other requested criteria.
Receive comparisons to a strong participation base that last year included many of the largest, most profitable law firms.
Option to use our free automated and streamlined data collection tool that ensures that your firm's general ledger accounts accurately map directly to the Survey expense classifications and guarantees that your data will be preserved for future use.
Assured to receive a thorough data review and validation process that preserves the integrity of the published results.