The UK legal services sector posted its highest-ever monthly revenue in October, reaching £5.26 billion, according to the latest Office for National Statistics data released today. This marks an 8% increase on September and a 3.5% rise compared to October 2024, despite a wider economic slowdown.
Criminal solicitors and barristers in Northern Ireland took part in a one-day strike on Monday 4 November to protest low legal aid fees. The Criminal Bar Association said that, when adjusted for inflation, legal aid rates have plummeted between 47% and 58% since 2005, putting the system of criminal aid at a “crisis point”.
To reward high performers, Osborne Clarke LLP has handed a 5% bonus to its UK employees following a significant increase in revenue and profits. The law firm plans additional rewards later this year.
Herbert Smith Freehills LLP and New York-based firm Kramer Levin have officially completed their transatlantic merger, forming a new global legal powerhouse with more than 2,700 lawyers across 26 offices worldwide.
A report from the National Audit Office (NAO) found that legal aid spending has fallen by 28% over the past decade. The Lady Chief Justice Dame Sue Carr and chair of the Bar Council, Sam Townend KC, warned that continued lack of investment could affect England and Wales’ international reputation.