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Sign up to our mailing listLegal excellence, internationally renowned 2019' demonstrates how the UK's legal services sector continues to go from strength to strength.
05 December 2019
Download the full reportRevenue has increased 6% year-on-year to £35.5bn in 2018 and export trade surplus is up to £6.5bn over the same period, a figure which has more than doubled over the last decade.
The report sets out some of the key trends contributing to the sector’s success, including the growth of LawTech and investment in regional and national financial centres. UK LawTech benefits from the country’s highly developed legal market, technology talent pipeline, competitive tax system, liberal regulatory regime, and the government’s recognition of the importance of innovation.
Many law firms are also setting up LawTech centres in areas such as the Midlands, North of England, Scotland and Northern Ireland. This complements the growth of regional legal services being driven by a trend for smaller regional and national firms to partner with leading global law firms to provide ‘Northshoring’ outposts for larger clients.
Read the speech delivered by Anne Richards DBE, our Leadership Council Chair, at our Annual Conference 2026.
Our consultation response supports the introduction of a new First-Time Buyer ISA and sets out how it should be designed to help more people save for a first home, while remaining simple for consumers and straightforward for providers to administer.
The Annual Conference 2026 took place on Thursday 18 June, bringing together senior leaders from across the financial and related professional services industry with political and regulatory stakeholders to explore themes around innovations in FinTech, the regulatory and taxation environment, and driving growth
