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LAW FIRM GROUP Rating Your Firm's Performance |
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The Law Firm Group offers two studies that enable you to view your firm's financial performance in the context of legal industry performance as a whole and in comparison with a designated group of your law firm peers: ANNUAL SURVEY OF LAW FIRM FINANCIAL STATEMENTS One of the Law Firm Group's services most valued by the legal community is our Annual Survey of Law Firm Financial Statements, a compilation of financial and other industry-related data. We have conducted this survey annually for more than 20 years. The survey yields insights into industry trends that can help firms identify needs they can fulfill for their clients, implement strategic modifications to better compete with peer firms and position themselves to attract and retain top talent. Recently, more than 90% of the AmLaw 100 firms participated in the survey. PEER COMPARISON ANALYSES Firms that participate in the survey receive a Peer Comparison Analysis. Working with your firm's manager and financial executives, we analyze your firm's performance, covering your balance sheet, income statement and key operating ratios. We then compare your results with those of a designated group of your law firm peers. We present our findings in person to your management and to other audiences you may designate, such as partner retreats and planning sessions. Citibank, NAMember FDIC
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