14 August 2019
Despite ongoing global economic uncertainties, the UK’s legal services sector boomed in the first six months of 2019, according to Office for National Statistics data published last week.
UK legal industry turnover generated nearly £18bn of revenue in the first half of the year, the highest since records began in the second half of 1988, when turnover was £5.9bn. Revenue has grown across the services industry as a whole. Louis Young, managing director at litigation funder Augusta, said: ‘The UK’s legal industry continues apace despite macro and political headwinds.’
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