Recent statistics have revealed that the legal sector has defied predictions of a slowdown. Data from the Office for National Statistics has revealed that turnover for the legal sector for July was £3.7bn, an 8.3% increase from July 2021 (£3.4bn) and a 2.2% increase from June 2022. This is significantly higher turnover than the services sector as a whole in which turnover decreased by 6% in July compared to June.
Whilst these figures are surprising it demonstrates that the legal sector remains robust during times of economic uncertainty.
More from our legal sector experts
You can find all of our latest legal articles here.
If you are looking for advice in a particular area, please get in touch with your usual Hawsons contact.
Alternatively, we offer all new clients a free initial meeting to have a discussion about their own personal circumstances – find out more or book your free initial meeting here. We have offices in Sheffield, Doncaster and Northampton.
Simon Bladen
Partner
Related content
Legal aid a top priority for new government
The new Justice Minister, Shabana Mahmood, has said she is pledging to make public funding a priority and to smooth relations with the Legal Aid Agency. The Legal Aid Minister, Heidi Alexander admitted that the legal aid system was on life support and it would be a...
SRA wins approval for 270% compensation fund increase
The SRA has been given the go ahead by the Legal Services Board (LSB) to increase the compensation fund contribution for 2024/25 by 270%. This decision has been made partly to cover the costs of the Axiom Ince intervention. In addition to the increased contributions,...
AI and law firms: preparing for the future
Artificial intelligence (AI) is one of the biggest and most talked about technologies of the last 10 years. It has the ability to completely change how businesses operate, automate, make decisions and become more efficient. The legal sector, notorious for its...