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Financial Benchmarking Service

The ability to compare the financial performance of your law firm with that of other firms within the Legal Sector, particularly against best practice within the sector, is a powerful and valuable tool that allows Armstrong Watson to improve the financial results of your business.

Armstrong Watson maintains a financial benchmarking database for the Legal Sector.  All of the data we hold is anonymous and is drawn from accountancy firms throughout the UK.

Our database allows us to produce bespoke reports for individual clients. Each report analyses the key performance indicators for that particular firm over a number of years and also compares those key performance indicators to the averages and best practice within the Legal Sector.

The result is a report with recommendations that enables your law firm to improve its financial performance.

Contact our Legal Sector Partner, Andy Poole, on 07828 857830 or andy.poole@armstrongwatson.co.uk to discuss how we can help you.

  Read more about the benefits of appointing Armstrong Watson

What is it?

A benchmarking service that compares your law firm's financial performance against that of other firms in the same industry and against best practice for the Legal Sector.

Who is it for?

This service will benefit all law firms of any size in all locations.

What are the benefits for your firm?

  1. You will clearly identify specific areas of opportunity
  2. You will prioritise improvement opportunities
  3. You will set performance expectations
  4. You will monitor your performance & manage change

What do I have to do?

You will need to provide financial information for analysis. Pre-agreed partners and staff will need to attend the delivery of your report.

What are the deliverables?

A bespoke report interrogating your law firm's financial performance. A meeting to deliver and review the report and discuss implementation of our recommendations.

What is the cost?

Free added value service to our core accountancy clients. The payment in advance fixed fee is £1,430 plus VAT and disbursements for law firms of up to 15 partners. Bespoke costs agreed for larger firms.

How long will it take?

Two weeks from the date that we receive the required financial data.

Our experience

Armstrong Watson provide benchmarking for over 50 law firms from sole practitioners to 100+ partner firms. We also facilitate numerous interactive benchmarking workshops.

What our clients say

Your Key Contacts

Andy Poole

Corporate Finance Partner - Legal Sector

07828 857830

Email Andy

Douglas Russell

Partner

Email Douglas

Sally Jones

Accounting Director

Email Sally

Huw Nicholls

Audit & Assurance Director

07917 035854

Email Huw

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Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited. Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU.

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Armstrong Watson is a trading style of Armstrong Watson LLP, Armstrong Watson Audit Limited and Armstrong Watson Financial Planning Limited.