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Key Challenges Faced By Law Firms in 2023

The last couple of years have undoubtedly created challenges and difficulties beyond measure for many sectors and businesses in the UK – law included.

And whilst the problematic and uncertain times created by the COVID-19 pandemic are slowly starting to feel like a thing of the past, the UK enters 2023 against a backdrop of continued economic uncertainty, a cost of living crisis and political instability.

On top of this, businesses battle skills shortages and a shrinking workforce, meaning that vacancies remain unfilled and incumbent teams are smaller -putting pressure on service levels, productivity, and ultimately profitability.

It certainly seems that the choppy waters we’ve seen in the last few years are here to stay, albeit with significant differences and challenges.

So what challenges did the law firms we spoke to highlight as an ongoing concern this coming year? In this report we look at

• A spotlight on the UK labour market
• If the great resignation is losing momentum
• Futuregazing – challenges beyond this year