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Legal sector turnover grows

16 May 2023
Issue: 8025 / Categories: Legal News , Legal services
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UK legal sector turnover increased by 20.8% in March to its highest figure on record of £4.16bn, according to the latest Office for National Statistics figures released this week

It outperformed the wider business sector—the UK services sector as a whole, which includes legal, rose 16.5% in March.

Separately, the Managing Partners' Forum quarterly trends tracker has shown 84% expect business activity levels to expand, a level last seen in spring 2022 before the Ukraine war and political uncertainty affected confidence. Nearly half the respondents were law firm leaders.

Julie Norris, partner at Kingsley Napley, said: ‘Revenues reached an all-time new high this March which is remarkable.’

Issue: 8025 / Categories: Legal News , Legal services
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NEWS
In a very special tribute in this week's NLJ, David Burrows reflects on the retirement of Patrick Allen, co-founder of Hodge Jones & Allen, whose career epitomised the heyday of legal aid
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Alistair Mills of Landmark Chambers reflects on the Human Rights Act 1998 a quarter-century after it came into force, in this week's issue of NLJ
In his latest Civil Way column for NLJ, Stephen Gold surveys a raft of procedural changes and quirky disputes shaping civil practice. His message is clear: civil practitioners must brace for continual tweaks, unexpected contentions and rising costs in everyday litigation
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