Now in its tenth year, the report shows that revenue has increased 3.9% year-on-year to £36.8bn in 2019 and the export trade surplus is up to £5.9bn over the same period, a figure which has increased by 88% over the last decade.
The report also sets out some of the key trends contributing to the sector’s success, including the growth of LawTech, the continued growth of in-house legal teams and a greater focus on improving diversity in the sector.