The Value Agenda: How Law Firms Are Balancing Investment, Efficiency and Growth

Law firms are entering a new phase of strategic decision-making, where growth ambitions must be balanced with sustained profitability, disciplined investment and rising expectations across the board from clients to talent. As technology, AI, operating model change and cost pressures reshape the legal sector, leaders need to look beyond incremental improvement and focus on where value can be created, released and reinvested across the firm.

This webinar will explore how leading firms are responding to these pressures by accelerating value realisation, modernising business services and maximising returns from technology investment. The session will offer a practical leadership perspective on how firms can strengthen performance today while building a more scalable, resilient and competitive platform for the future.

Audience takeaways:

  • Understand the strategic pressures reshaping law firm performance, investment choices & operating models
  • Identify where value may already exist within the firm & how it can be released to support future growth
  • Explore how optimised business services can improve efficiency, scalability, fee earner experience & client outcomes
  • Consider how to move technology investment from adoption & implementation to measurable business value
  • Gain a practical leadership lens on balancing innovation, risk, profitability & long-term competitiveness.

Key Takeaways:

  • Understanding AI’s Influence: Gain insight into how AI is redefining legal roles and shifting career trajectories.
  • Talent Retention Strategies: Learn the key drivers behind attrition and how to foster loyalty and purpose in a tech-driven environment.
  • Culture & Capability Building: Discover how to cultivate a culture of adaptability, inclusion, and continuous learning.
  • Practical Solutions: Hear real-world examples and actionable strategies from firms leading the way in AI adoption.
  • Leadership Insight: Benefit from the strategic perspective of the thought leadership panel on navigating change and future-proofing your team.

Speakers

Mike Strotz

EY-Parthenon Director, Professional Services, Strategy & Execution

Ernst & Young

Having spent over a decade driving successful strategy and transformation programs across the professional services sector, covering legal, consulting and accountancy, Mike’s primary focus is identifying trapped value in people businesses. He works with leadership teams to create and execute strategies that improve profitability and generate long-term value for stakeholders. He has deep experience in driving change within partnerships at both a country and a global level.

Mike studied Physics at the University of Durham, with a focus on Quantum Physics and the Higgs boson.

How Mike is shaping the future with confidence
Mike has shaped strategy and operating models for global professional services firms, including accountancies, consultancies, and law firms across partnerships and private equity-backed organisations.

He works to continuously deliver measurable value through improved client outcomes, enhanced employee experience, and more sustainable, responsible business practices, alongside mentoring and supporting talent development initiatives.

Sponsor

The legal market is undergoing rapid transformation driven by AI, evolving client expectations, and new competitive pressures from technology platforms and multidisciplinary providers. At the same time, increasing regulatory complexity reinforces demand for expert judgement. Leading firms are responding by redefining operating models – embedding AI, differentiating services, adopting outcome-based pricing, and building talent models that combine legal, technology and operational skills. EY brings a distinctive perspective, with deep experience across professional services and hands-on AI transformation. Our sector insight, technology capability and practical accelerators help firms make strategic choices and build sustainable advantage in the future legal market going forward globally.

The Value Agenda: How Law Firms Are Balancing Investment, Efficiency and Growth

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