Strategic sector insights – the key drivers of any professional practice firm… the people!
27 Mar 2025
Published in: Member News
On 20th January 2025, the law society published their report in association with MHA which dives into the strategic decisions and insights of mid-sized law firms. However, the results of the report extends beyond law firms, offering valuable insights for all professional practice firms.
Birmingham based Senior Audit Manager, from MHA, Jessica Durkin explores the results of the MHA x Law Society Report. A key discussion point of the report is people, who are at the heart of any professional practice firm and arguably the most important factor in ensuring its continuity.
All firms will identify that one of their biggest threats is how to retain their most talented staff. The market continues to remain buoyant against current economic challenges and therefore the demand for recruiting more staff remains strong. Given the increase in opportunities, this does give disgruntled staff members more power to review the market and compare packages on offer.
So how many firms are battling against a high turnover of staff?
The report identifies that, on average, 1-10% of employees move firms every year.
Discover more at mha.co.uk
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