2019 ALPMA/Findex Australian Legal Industry Financial Performance Benchmarking Survey

To assess your financial performance and help with stepping up the numbers, 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 and New Zealand.

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.

This final report includes:

• 2019 financial performance, segmented by size of firm by revenue
• A review of firm aspirations vs reality for 2020
• Insights from recent discussions with law firms and practitioners, about their financial actions and plans for this year