Gaining Momentum

With new research showing that law firms in Spain are expecting growth in profits and revenue in the coming year – while many also anticipate an increase in headcount – the mood is certainly optimistic. However, it is important that law firms´ growth strategies are backed by a sound business case.

It appears that law firms in Spain are back on the road to increased profitability. Nine out of ten law firm partners and business development professionals in Spain expect that their firm´s profits will grow in the next twelve months, according to research by Iberian Lawyer.

A massive 93 per cent of respondents to a survey said 'yes' when asked if they anticipated an increase in profits at their firm in the coming year. Just over 70 per cent of those that did expect an increase said they thought their firm´s profits would grow by between one and six per cent. However, a further 16 per cent of those that anticipated an increase said their profits would grow by more than