UK legal sector revenue grew 7.86% in July to £4.87bn, outperforming the services sector as a whole, which was only 0.3% higher at £249bn
Compared to July 2024, UK legal rose 9.4% while the overall services sector grew 2.3%. Both legal and services as a whole compare favourably to the overall economy which flatlined in July with zero growth.
However, Julie Norris, partner at Kingsley Napley, warned: ‘While Legal’s performance was positive this month, this must be viewed against a worrying backdrop because the overall economic picture for the UK is less rosy.
‘We know that some legal services can be counter-cyclical, but clearly a stalling economy will impact investment and demand from many clients. To that end law firm leaders must be hyper-vigilant about the opportunities and threats for their firms.’
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