Steady – slightly subdued – growth, but growth nonetheless.
Nothing quite ruins the resoundingly positive message of growth like slapping “subdued” in front of it.
Yet, considering the geopolitical and macroeconomic headwinds that have battered the professional services industry for the last 18 months, subdued growth is an overwhelmingly positive message to be sharing.
After a sharp spike in demand in 2021 (+22%), when the lockdown eventually lifted, the Gross Legal Product (GLP) Index shows demand for the legal sector as a whole has climbed steadily ever since (+3% in 2022; +6% in 2023).
Read more on https://www.lexisnexis.co.uk/insights/glp-index-2024/index.html
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