Profits under pressure

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INSIDE THE ISSUE

ISSUE IN BRIEF

Welcome to Briefing July!

Technology has become one of law firms’ biggest strategic bets, and the latest Briefing/HSBC UK Law firm strategy and investment data — which shows firms’ average tech spend has risen to a high of 6.5% of annual revenue in 2025 — indicates that law firms continue to up the ante.

This edition’s cover story explores how leading UK law firms are approaching that fine balancing act between technology investment and profitability. Several finance leaders share how they are refining tech budgets, reassessing priorities and directing investment towards initiatives that eliminate costly inefficiencies, increase capacity and deliver measurable business value — without eroding the bottom line.

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What’s inside Briefing July?

UPFRONT

FEATURES

BRAIN TRAINING

INDUSTRY VIEWS

LAST WORD

Everlaw

Tech spend: testing the margins

As new tools and systems promise improvements across the board, the pressure to invest in innovation has never been higher for law firms. As such, it’s not surprising that 82% of leaders said their technology spend had increased in the last year, according to the 2025 Briefing/HSBC UK Law firm strategy and investment report.

However, innovation can come with a hefty price tag, creating a hard-to-resolve tension for law firms between wanting to invest in technology to move forward quickly and ensuring margins are preserved — Several finance leaders tell Briefing assistant editor Celeste Rivas how their firms are balancing rising pressure to invest in technology with the need to protect margins.

AI: the great use case search

Attendees at a recent Briefing roundtable discussed the challenges of identifying AI use cases, and why firms that fail to take calculated risks and embrace experimentation may be left in the dust in the AI adoption journey.

The PE effect: sharper focus, sustainable value

Lucy Johnson, chief operating officer at HGF, reflects on the firm’s journey as a private equity-backed organisation — following its transition to this model in October 2024 — and shares how this step has reshaped its operational performance

supplements

Briefing spotlight: Hotspots of AI value

Where is AI bringing the greatest value in legal business operations?
reports

Briefing Frontiers 2026

Firm agendas and foundations for change/improvement over the next 12 months