- Sep 7, 2024
- 1,209
- 1,410
yes.
i was looking at https://www.legal500.com/firms/903-devonshires-solicitors-llp/r-england/rankings
and it shows for London
Band 1 - Debt Recovery
Band 1 - Social housing: finance
Band 1 - Social housing: LAs and RPs
this might suggest similar capabilities in Debt Recovery and Social housing.
However, in reality 100+ of the firm's lawyers deal with social housing and only around four with debt recovery.
Therefore, the firm's competitors are in reality those that deal with Social Housing, and even within the "Debt Recovery" rankings, which are rather small, competitors don't always appear to be competing for the same clients. So just looking at rankings can give a totally distorted view of firm's revenue, especially also where it's a competitive area, and the firm is perhaps "band 2" for a certain practice area but in reality for that firm, that's its main practice area.
Exactly, you've hit the nail on the head. Well done! If you’re keen on identifying a law firm’s competitors too, I have linked this here to help - https://www.thecorporatelawacademy....to-identifying-a-law-firm’s-competitors.9422/