Legal sector COVID-19 headline survey results
Monday, 15 June 2020
How does your practice compare?
MHA undertook a survey into the legal sector focusing on the impact of COVID-19, and how this is affecting law firms. The results report on eight key areas including fee income, business strategy now and for the future, and working practices now and going forward.
The main headlines include:
- 85% of firms said that COVID-19 has had a ‘moderate’ or ‘major’ impact on fee income
- Once lockdown is lifted, 81% of firms expect staff to continue to work from home, with 50% stating that they expect staff to work up to two days a week from home going forward
- The largest proportion of survey respondents (24%) furloughed between 21% and 30% of staff across their firms
- 82% of legal firms are reviewing their cash flow forecasts either daily or weekly
We will be producing a more detailed report on the survey findings over the coming weeks.
In the meantime if you would like to discuss the results in more detail, please contact your usual MHA Larking Gowen contact or email us.