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In this episode of Katchr Podcast, Graham Moore speaks with Hywel Pegler, Partner at RSM UK and a long-standing adviser to law firms on financial performance, compliance, and strategic change. Reflecting on 2025, Hywel shares a finance leader’s view of how the legal sector has navigated economic volatility, regulatory pressure, investor interest, and accelerating technology change. Looking back at what firms experienced over the last year, this conversation explores the financial and strategic signals law firm leaders should carry forward as they plan for 2026. From interest income masking operational inefficiencies, to the growing role of private equity, funding for AI investment, rising regulatory scrutiny, and the need for clearer long-term strategy, Hywel highlights where finance leaders saw progress and where risks quietly built up. A useful reflection for finance leaders who want to turn recent lessons into better planning, stronger governance, and more confident decision-making in the years ahead.