Fiercer competition than ever before in legal market, Law Society chief says - FRJ Business & Marketing Solutions

The fall in the number of legal firms and private solicitors in England and Wales is proof that competition in the sector is tougher than ever, head of the Law Society says.

Chief Executive Desmond Hudson said the economic recession, coupled with significant changes in the sector, was having a ‘major impact’ on business models.

According to the Law Society report, the number of practising certificate (PC) holders increased by just 0.25% in the 12 months to July 2012 – the smallest increase since 1996.

The figures contrast sharply with previous trends. Overall, since 1982, the total number of practising certificate holders increased by 208.5%, an average annual rate of 3.8%.

Fareeda Jaleel, founder of FRJ Business and Marketing Solutions, said the survey reiterated the need for firms to evolve in order to survive in a difficult economic climate.

‘This survey is proof that law firms must have a clear understanding of the numbers in their business,’ she said.

‘It is no good sitting on your laurels. Proper thought and consideration must be given to the business model and future planning if success is to be secured in the long term.’

Fareeda Jaleel

Fareeda Jaleel is an energetic strategic business planner with extensive experience in various sectors in B2B and B2C markets. Fareeda’s personal mantra is that the answers always lie in the numbers and achieving an ROI from marketing and business development, whether it is relating to sales targets, creating pipeline or building the profile of the business from an investment perspective.

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FRJ Business and Marketing Solutions offer great value, practical advice to help you achieve your business goals.
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GET IN TOUCHSocial links
Taking seamless key performance indicators offline to maximise the long tail.