"Clydesdale Bank is delighted to once again be associated with the Society's Financial Benchmarking Survey. The insights gained by our Professional Services Team from the Scottish legal profession are reflected in the results of this year’s survey. With income per partner lower than the previous year across all regions, this suggests costs continue to be well controlled, as median Profit per Partner remained in line with previous year. However the day-to-day challenges of generating new and profitable fee income, managing working capital and succession planning remain priorities.
The Financial Benchmarking Survey findings will help firms gain a greater understanding of the legal market and assess where they sit in comparison to their peers. The data in the overall report is useful in helping solicitors develop their strategic thinking and future planning, allowing them to assess what is working well and what may need to change within their business to boost performance.
Our team of trained specialists have a proven track record of helping to deliver strong and sustainable financial performance coupled with a deep knowledge of the dynamics driving this industry. We work closely with solicitors to create bespoke funding solutions and add value through our relationship-based approach."Sue Carter MBA. UK Head of Professional Services Sector, Clydesdale Bank.
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See your firm's result for various measures against the benchmark
compared with Sole Principal median: 35.8%