Business Risks Survey

1. Are all partners aligned and motivated to grow your practice?

Yes

No

Unsure

2. Can you attract and retain experienced fee earners with the necessary skills to support your practice growth objectives?

Yes

No

Unsure

3. Do you have a formal plan to generate strong repeat business from your existing client base?

Yes

No

Unsure

4. Has your practice developed a unique identity to differentiate itself to clients?

Yes

No

Unsure

5. Will your practice generate at least a 20% increase in profits over the next 12 months?

Yes

No

Unsure

6. Are you using contract lawyers and outsourcing of non-core activities to reduce your practice’s resource gap and fixed operating costs?

Yes

No

Unsure

7. Have you identified and implemented ways to minimise high risks to your practice? (e.g. cyber-attacks, data breaches, disputes, partners or staff taking clients)

Yes

No

Unsure

8. Does your practice have strong internal financial and business management systems and skills, supported by external advice?

Yes

No

Unsure

9. Have you conducted a recent technology audit to focus your IT spend and improve practice productivity?

Yes

No

Unsure

10. Are your practice operating model and growth prospects attractive to new and existing partners and associates?

Yes

No

Unsure

1. Are all partners aligned and motivated to grow your practice?	Yes No Unsure
2. Can you attract and retain experienced fee earners with the necessary skills to support your practice growth objectives?	Yes No Unsure
3. Do you have a formal plan to generate strong repeat business from your existing client base?	Yes No Unsure
4. Has your practice developed a unique identity to differentiate itself to clients?	Yes No Unsure
5. Will your practice generate at least a 20% increase in profits over the next 12 months?	Yes No Unsure
6. Are you using contract lawyers and outsourcing of non-core activities to reduce your practice’s resource gap and fixed operating costs?	Yes No Unsure
7. Have you identified and implemented ways to minimise high risks to your practice? (e.g. cyber-attacks, data breaches, disputes, partners or staff taking clients)	Yes No Unsure
8. Does your practice have strong internal financial and business management systems and skills, supported by external advice?	Yes No Unsure
9. Have you conducted a recent technology audit to focus your IT spend and improve practice productivity?	Yes No Unsure
10. Are your practice operating model and growth prospects attractive to new and existing partners and associates?	Yes No Unsure