UK legal sector turnover dipped by 13.6% between July and August this year, the traditional slack period for the profession. However the August turnover of £2.9bn was 17.4% higher than that for pandemic-blighted August 2020, Office for National Statistics figures have revealed.
Legal sector revenues fell further than the overall UK Services Sector (including Legal) which dipped by 3.2% month on month to £188.1bn.
Commenting on the figures, Julie Norris, regulatory partner at London firm Kingsley Napley said: 'The summer period is traditionally one of the quietest for the UK’s legal industry. After the release of pent up demand earlier in the year, this dip is not surprising.
'Firm leaders should not be overly concerned by these results but should nonetheless be mindful of various macro risks in the economy and the potential for continued Covid-related pressures on staff wellbeing.'