UK legal industry turnover jumped to £3.8bn in October 2021, up by more than 10% on the previous month (£3.4bn)
Office of National Statistics figures released last week show revenues for October 2021 are the second highest on record. The highest month was March 2021, when pent up demand from lockdown was released. October 2021 revenues were up 10.8% on the same month last year.
The figures show legal industry revenues moved against the trend in the overall UK services sector, which dipped 2.8% month on month to £209bn after reaching a record high in September.
Julie Norris, partner, Kingsley Napley, said: ‘The UK’s legal industry has cemented recent gains in October.
‘The data however predates the advent of the Omicron variant, the implications of which are yet to be seen. Firm leaders should not allow these strong numbers to distract from the importance of supporting staff, clients, and communities at this uncertain time.’
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