header-logo header-logo

Home Login E-newsletter About us

All hands on deck for 2023

© Copyright LexisNexis 2025. All Rights Reserved.
10 February 2023 / Seamus Hoar , Nick Carrad
Issue: 8012 / Categories: Features , Profession , Legal services
printer mail-detail
110006
In the face of economic headwinds, how best can law firms chart a course for 2023? Seamus Hoar & Nick Carrad explain the benefits of looking back to plan ahead
  • The inevitable challenges of economic uncertainty and changing client demand in the year ahead could prove an opportunity for the legal sector.
  • Now is the time to put past experience to use, drawing on hindsight to approach 2023 with strategic foresight.

Last year saw activity in the legal sector continue at pace, with demand for both individual partners and team moves remaining high in all markets, including London and Paris. Now that we have entered 2023, the legal sector will undoubtedly face some key challenges: a broad economic slowdown and changing client demand, with attendant pressure on profits per equity partner (PEP).

Lessons from 2008

The year ahead threatens widespread economic uncertainty, and firms will be considering how they can best prepare for a possible recession. Many will likely turn to their 2008 global financial

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Read All
Sponsored by
DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

NEWS
Read All
NLJ this week: AI boom collides with courtroom reality
Artificial intelligence may be revolutionising the law, but its misuse could wreck cases and careers, warns Clare Arthurs of Penningtons Manches Cooper in this week's NLJ
NLJ this week: Small firms call for tech clarity as AI looms
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
NLJ this week: Traders’ convictions quashed in Libor shock
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
NLJ this week: Trans pool player loses discrimination fight
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
NLJ this week: Pro bono power without the red tape
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
Copyright © 2025 LexisNexis
back-to-top-scroll