December was profession’s highest-billing month in history – Julie Norris quoted in The Law Society Gazette

12 March 2021

Julie Norris, Partner in our Regulatory team, has been quoted in The Law Society Gazette discussing the latest official statistics which appear to confound the bleak predictions made for the legal services sector at the beginning of the pandemic. The Survey from the Office for National Statistics (ONS) shows that December 2020 was the highest turnover month in the history of the UK legal profession.

Julie said:

The early weeks of 2021 have been difficult for the legal industry, after a tremendous performance at the end of 2020. Many firms are likely now looking forward to a post-lockdown future and will be seeking to ramp up growth in the coming months.

In these unprecedented times, law firm leaders need to carefully consider growth plans in the context of both their impact on staff wellbeing and increased scrutiny from regulators.

UK Legal Services revenue fell 16.4% to £2.95bn in January 2021, compared to December 2020, a significant fall and beyond the overall Services Sector (including legal) which fell marginally less (14.4%). December 2020 was however the highest billing month in history for the profession. For 2020 as a whole, the industry billed £36.7bn, virtually unchanged in 2019.

This article was first published in The Law Society Gazette. You can read the article in full by clicking here.

Further Information

If you have any questions or concerns about the content covered in this blog, please contact a member of the Regulatory team.

 

About the author

Julie Norris is a partner in the Regulatory Team. She predominantly acts in the professional services sector, advising lawyers, accountants and built environment professionals on regulatory compliance, investigations, adjudication, enforcement and prosecutions.

Central to Julie’s practice is acting for law firms and partners; she is frequently instructed to advise in advance of any SRA interest or at the outset of an SRA investigation. Julie has an impressive track record for halting investigations pre-hearing and is recognised as a leader in her field in both major legal directories.

 

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