ALPMA's Financial Benchmarking Study has returned to New Zealand!
ALPMA's financial performance benchmarking research for law firms is back to benchmark New Zealand firms for FY2023. This is a great opportunity to understand how your firm is performing compared to similar firms, identify areas for improvement - and then implement strategies to address them.New Zealand Law Firms - How is your financial performance?
Survey participation is free and open to all New Zealand law firms.Participate in this study to start your new year strategic planning armed with an industry benchmarking report that lets you compare your financial performance against similar firms.
Benchmark your firm’s performance against key indicators including:
- Revenue received by practice area
- Overall profit rate
- Profit per partner
- Salaries as a percent of expenses
- Rent & occupancy costs as percent of expenses
- WIP days, debtor days and working capital
- Clients with debts as percent of all clients
- And much more!
- Gain insight into the industry's financial performance expectations for the coming year, law firm growth strategies and charge-out rates.
Rate your performance against similar firms in the New Zealand legal sector, identify areas for improvement - then implement strategies to address them.
Who should complete this survey?
This survey should be completed by the person responsible for your firm's financials.
To prepare, you will need the following financial data for your firm:
- FY2023 P&L
- FY2023 Balance Sheet
- Current charge out rates
- WIP & debtor balances as at end of FY2023
The survey takes about 30 minutes to complete, once you have this financial data on hand.
Before commencing the online survey, you can view the full survey to ensure you have all the information you need to participate in the survey at your fingertips:
Please find the Preparation Questionnaire here