NEW YORK, Feb. 6, 2007 (PRIME NEWSWIRE) -- The Law Firm Services group of PricewaterhouseCoopers' Private Company Services practice announced today that it will launch the first-ever global law firm strategic survey. The International Law Firm Strategic survey questionnaire will be available for completion by participants in April. Participating law firms will receive survey results in the summer of 2007.
The survey measures more than 60 different areas of law firm activities and examines key challenges affecting the way global law firms do business including:
-- Strategies for global expansion; -- Allocating global resources; -- Criteria for entering and exiting markets; -- Trends in Human Resources; and -- Growth expectations and profitability.
Participants will include leading firms in the United States, United Kingdom, Europe, Canada, Australia, Asia and Latin America.
"At a time of rapid evolution of the worldwide legal marketplace, this survey will provide participants with critical information and benchmarking data on strategic growth and profitability," said Stanley Kolodziejczak, co-chair of the Law Firm Services Group. "The strategic survey is the first of its kind - providing a level of business and competitive intelligence previously unavailable to the market."
The survey will help firms evaluate where they stand in relation to their peers and how they can strategically move forward to meet their goals and deal with competition. It includes questions on staffing, laterals, mergers, billing, profitability, risks and operating results, as well as reports on individual countries. It also has an extensive section on the planning process and business development approaches for new offices and expansion of existing offices.
In addition to the global report and analysis, participants can receive reports in segments, creating custom comparison groups by peer firms or specific geographic locations.
"PwC has nearly 100 years of experience servicing law firms and 50 years of providing critical benchmarking information to the legal profession using its extensive market knowledge. We spent a year designing the questions and refining the methodology with feedback from major firms," said Kolodziejczak.
PricewaterhouseCoopers' Private Company Services is an integrated team of audit, tax and advisory professionals who focus on the unique needs of private companies and their owners. Within the group, professionals concentrate on the needs of law firms, manufacturing, retail, wholesale and distribution, construction and food and beverage companies, as well as the needs of other professional service organizations. Private Company Services professionals are committed to delivering cost-effective, practical solutions and proactive services to their clients. For more information about PricewaterhouseCoopers' Private Company Services, visit www.pwc.com/pcs.
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 140,000 people in 149 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.
"PricewaterhouseCoopers" refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.