Bringing together professional firm leaders to share ideas on strategic leadership and management excellence with each other and peers at clients, while providing an independent voice and direct access to policymakers.
30 Sep 2022
Continued expansion expected
Firms expect continued expansion in activity levels, new work flow and headcount, according to the Forum's latest sector tracker. Many firms but few clients are seen to be on-track for Covid success. The top priorities for leadership teams are technology usage, developing a clear purpose and operational efficiency.
69% assess the overall impact of lockdown on their firm as positive compared with just 14% a year ago. The general mood is far more positive with most relaxed about being in the office and much greater flexibility in working hours when in the office. Only 15% believe lockdown restrictions will be reimposed in the next year compared with 73% a year ago.
Few managers translate L&D into new behaviours or seek reasons for the gap between current and desired performance, according to a recent Forum poll. Learning transfer is seen as a bolt-on to traditional training, and little data is collected beyond happy sheets.
The gap between expansion and contraction for projected new work flows has narrowed dramatically from 88% last quarter to 35%, according to the Forum's quarterly tracker - the lowest gap since December 2020; for activity levels from 89% to 50%; and for headcount from 76% to 50%. Other indicators show little change.
Episode 63 of Re-tuning your Firm. Panel: Jeremy Beard of Haysmacintyre; Dana Denis-Smith of Obelisk Support; Anne Harnetty of Johnson Beaumont; and Francesca Lagerberg of Grant Thornton; Includes findings of poll on ESG maturity. Hosted by Richard Chaplin
Episode 1 of Re-tuning your Firm - Transatlantic. Panel: Francesca Lagerberg of Grant Thornton; Dr Larry Richard of LawyerBrain; Larry Stroud of Korverge, and Sebastian Hartmann of KPMG. Includes findings of poll comparing the impact of lockdown between the continents. Hosted by Richard Chaplin
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Recent poll findings
Firms remain bullish with 70% to 80% expecting expansion and few expecting contraction over the next year in activity levels, headcount or new work flow. Over 90% of people will be working from home for at least half the time.
Europeans view the lockdown in more positive terms, are less panicked by Covid and more relaxed over returning to the office. Happiness levels decreased less at European firms, but more mental health issues surfaced.
Financial management has the greatest usage, followed by services delivered to clients, then marketing and new business generation, then influencing innovation, then knowledge management, then people management and finally strategy development.