Law firms enjoyed rapid, sector-wide growth in 2025, according to the Law Society’s latest annual Financial Benchmarking Survey
Average firm earnings grew by 11%, compared to a 6% rise in 2024, marking the highest rate of growth in more than 15 years. The vast majority of firms (85%) reported fee growth, with more than half seeing growth of 10% or more. Meanwhile, non-salary overheads fell 2.5% from 31% as a share of income.
The length of time between being appointed and getting paid, known as lock up days, continues to exceed four months but reduced 12 days to 134 days.
Mark Evans, president of the Law Society, said: ‘Despite ongoing external uncertainty and an increased need to invest in new technology, law firms are seeing strong growth. The legal sector remains healthy and resilient.’
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