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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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MOVERS & SHAKERS

Muckle LLP—Rachael Chapman

Muckle LLP—Rachael Chapman

Sports, education and charities practice welcomes senior associate

Ellisons—Carla Jones

Ellisons—Carla Jones

Partner and head of commercial litigation joins in Chelmsford

Freeths—Louise Mahon

Freeths—Louise Mahon

Firm strengthens Glasgow corporate practice with partner hire

NEWS
One in five in-house lawyers suffer ‘high’ or ‘severe’ work-related stress, according to a report by global legal body, the Association of Corporate Counsel (ACC)
The Legal Ombudsman’s (LeO’s) plea for a budget increase has been rejected by the Law Society and accepted only ‘with reluctance’ by conveyancers
Overcrowded prisons, mental health hospitals and immigration centres are failing to meet international and domestic human rights standards, the National Preventive Mechanism (NPM) has warned
Two speedier and more streamlined qualification routes have been launched for probate and conveyancing professionals
Workplace stress was a contributing factor in almost one in eight cases before the employment tribunal last year, indicating its endemic grip on the UK workplace
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