Law Firm Capital Structure Benchmark

The legal sector is facing a convergence of key issues that are prompting firms to rethink their strategies for financing and distributions. Despite a strong market, the impact of basis period reform, the need for investment in technology and AI, and the ongoing challenge of lock up periods are significantly affecting cash requirements.

What’s included in this report:

1. There are widespread increased demands on cash flow in the sector
2. Firms are looking to their partner group to finance basis period reform
3. There is a wide divergence in how firms distribute their profit
4. Firms are commonly using financial incentives to encourage positive partner working capital behaviours.

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If you would like to discuss any of the content in this report or are a professional services business looking to speak to an expert, please contact Richard Dammermann or your usual BDO contact.

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