Legal Sector COVID-19 Headline Survey Results – 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 8 key areas including fee income, business strategy now and for the future, and working practices now and going forward.
We have summarised the results in an easy to read infographic which can be found here. 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 2 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. However to see the headline findings please click here.
However, if you have any questions in the meantime, or would like to discuss the results in more detail, please contact Karen Hain.