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Recruitment and retention law firms top concerns for 2017

Recruitment and retention law firms top concerns for 2017

Recruitment and retention are by far the biggest issues identified by law firms for the year ahead, according to the latest edition of a regular survey carried out for the Gazette. Law firm and chambers consultants were asked 'What do you see as the top three issues for your firm in 2017?'

Respondents to the survey were more likely to cite cashflow as a concern in 2017. Brexit and global political uncertainty are in third place. The July to December 2016 survey figures are based on responses from 38 firms, of which 17 carried out legal aid work. The average number of partners was 11.

Other issues mentioned included changes in the PI/clinical negligence market, cyber-crime, investment in IT, mergers, integration and accommodation. On the impact of Brexit, only 10 respondents sid they were 'very' concerned; the same number said 'not at all' while 18 said they were 'slightly' concerned.

Two-thirds of respondents said they had considered the possibility of a merger in the past six months, up from 50% in the January to June survey. Most firms considering merger would prefer to take over an organisation of comparable size or smaller.

Survey undertaken by the Law Consultancy Network based on responses from 38 law firms.

Source: Law Gazette

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