11.3 C
HomeLegal InsightUK Legal Sector sees turnover fall in May by 16%

UK Legal Sector sees turnover fall in May by 16%

Sector turnover was £3.28bn

UK Legal industry turnover was £3.28bn in May, a decrease of 16% from April 2022 according to Office of National Statistics data released yesterday.

For context the UK Services Sector (including Legal) which had a turnover of £226.4bn, saw an increase of 5% from April 2022.

Julie Norris, Regulatory Partner, Legal Services at Kingsley Napley LLP said, “The UK’s legal industry recorded a marked decrease in turnover in May. However, rather than a worrying new trend, this is hopefully similar to previous years which saw a dip in revenue following the start of the financial year. Regardless firm leaders need to keep a strong focus on the economic environment, salary pressures and political headwinds as well as the continued war in Ukraine in their forward planning if they are to remain resilient.”

latest articles

explore more


Please enter your comment!
Please enter your name here