Is financial stress impacting your work?

There’s just a couple of weeks left of 2020 and it will be easy to hope for a brighter 2021. Aside from the human cost, one of the consequences of the COVID-19 pandemic has been the widespread financial impact to firms and employees across the country, exacerbating an issue felt by Society members regardless of years of experience.

Indeed, 49%¹ of lawyers in Scotland find their finances cause them stress, with many citing lack of disposable funds and short term financial commitments as preventing them building long term financial plans. This corroborates research² we conducted with the support of The Lawyer, where solicitors told us they do not feel they are saving enough for their long-term plans. That is a whole lot of financial angst out there… at what professional cost?

What we see is a significant impact on firms’ productivity.

By providing guidance, support, and financial education opportunities, in the form of a financial wellbeing programme, we can help transform the financial wellbeing of your employees. Few firms are alike, and we believe in creating a financial wellbeing programme that speaks to the specific needs of your organisation, providing you with a toolkit to help you:

• develop a healthier, happier, and more effective workforce;
• maintain a workplace culture that you can be truly proud of;
• reduce staff turnover, and support/improve your ability to attract new talent.

Put financial wellbeing at the heart of your plans for 2021. 

Download the Financial Wellbeing for the legal sector report

¹ Law Society of Scotland Employment Survey 2020

² Financial Wellbeing for the Legal Sector report 2020

To discuss financial wellbeing further and how Brewin Dolphin can support you and your firm please contact Andrew.Sloan@brewin.co.uk