Lawdragon Lawyers and Leaders in America: Share your views

Question Title

* 1. My firm’s strategy includes the following: (Tick all that apply)

Expanding into new practice areas / jurisdictions

Seeking external finance that can facilitate our growth

Hiring more lawyers

Investment in legal technology to improve efficiency

Mergers with / acquisition of other firms

Listing on stock exchange

My firm’s strategy isn’t clear

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* 2. What are the most important factors influencing your firm’s strategy? Rank in order.

Change of leadership

N/A

Staff turnover

N/A

Competition

N/A

Macro Economic Conditions

N/A

Client demands

N/A

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* 3. What are the biggest challenges you think your firm will face in 2022/2023? (Tick all that apply.)

Development and retention of existing staff

Current Macro Economic Conditions

Retaining profit margins

Losing out to competition and protecting market position

Costs of / recruitment of new talent (NQs, lateral hires)

A need to reduce overheads

There are no big challenges and pressures faced by my firm

Other (please specify)

None of the above

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* 4. If you expect to use alternative funding in the next 12-18 months, might you consider, a Bank loan:

Yes, definitely

Yes, maybe

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* 5. If you expect to use alternative funding in the next 12-18 months, might you consider, Private Equity:

Yes, definitely

Yes, maybe

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* 6. If you expect to use alternative funding in the next 12-18 months, might you consider, Stock market listing / Non-lawyer shareholders:

Yes, definitely

Yes, maybe

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* 7. If you expect to use alternative funding in the next 12-18 months, might you consider, Credit/lending facilities from litigation funders:

Yes, definitely

Yes, maybe

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* 8. If you expect to use alternative funding in the next 12-18 months, might you consider, Greater use of contingency fee arrangements or Damages Based Agreements (DBA)

Yes, definitely

Yes, maybe

None of the above

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* 9. If you expect to use alternative funding in the next 12-18 months, might you consider, Cash reserves or increased investment from Partners

Yes, definitely

Yes, maybe

Question Title

* 10. Where does your firm plan on investing in the next 12-18 months?

Invest in technology

N/A

Recruit new talent

N/A

Increasing geographical footprint

N/A

Invest in new practice areas

N/A

Investing in client litigation

N/A

Equity restructure

N/A

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* 11. Would your firm consider external ownership?

Yes

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* 12. If no, what are the barriers would need to overcome to accept partnership structure?

Obtaining partner consensus

Loss of control

Change of culture/ethos

Staff retention

Other (please specify)

Lawdragon Lawyers and Leaders in America: Share your views

Question Title

* 1. My firm’s strategy includes the following: (Tick all that apply)

Question Title

* 2. What are the most important factors influencing your firm’s strategy? Rank in order.

Question Title

* 3. What are the biggest challenges you think your firm will face in 2022/2023? (Tick all that apply.)

Question Title

* 4. If you expect to use alternative funding in the next 12-18 months, might you consider, a Bank loan:

Question Title

* 5. If you expect to use alternative funding in the next 12-18 months, might you consider, Private Equity:

Question Title

* 6. If you expect to use alternative funding in the next 12-18 months, might you consider, Stock market listing / Non-lawyer shareholders:

Question Title

* 7. If you expect to use alternative funding in the next 12-18 months, might you consider, Credit/lending facilities from litigation funders:

Question Title

* 8. If you expect to use alternative funding in the next 12-18 months, might you consider, Greater use of contingency fee arrangements or Damages Based Agreements (DBA)

Question Title

* 9. If you expect to use alternative funding in the next 12-18 months, might you consider, Cash reserves or increased investment from Partners

Question Title

* 10. Where does your firm plan on investing in the next 12-18 months?

Question Title

* 11. Would your firm consider external ownership?

Question Title

* 12. If no, what are the barriers would need to overcome to accept partnership structure?

Question Title

* 13. To receive a copy of the results, please include your email below, otherwise write N/A.