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.
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Simon Bladen
Partner
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