Findex

To assess your financial performance and help with financial re-entry in 2022, you need to understand how your firm is performing compared to similar firms, identify areas for improvement - and then implement strategies to address them. As part of our commitment to helping you run a successful legal practice, ALPMA conducts free annual financial performance benchmarking research for law firms in conjunction with Findex in Australia.

What a difference a year can make. When we conducted this survey in 2019, no-one could have envisaged the COVID-19 pandemic and the financial impacts and challenges that were about to take place. Although this year is different, how firms bounce back and thrive will largely be a function of their financial strength and position pre-COVID-19.

The 2017 ALPMA / Crowe Horwath benchmarking survey of NZ law firms shows the sector is expecting an average of 5 per cent growth in the next financial year - building on gross profit margins that currently average nearly 75 per cent.