Law/Legal Sector

The legal sector is a vital part of the economy, especially in the UK. It contributes around 3% of the UK’s Gross Value Added (GVA) and is a significant net exporter of services. The sector is diverse, ranging from high street practices to global law firms, and employs a large number of people across the country.

In 2024, the legal sector faces several challenges, including economic pressures, shifting conveyancing practices, and cyber threats. However, these challenges also present opportunities for innovation and growth.

Many law firms are migrating their data and applications to the cloud. This allows for greater flexibility, scalability, and remote access, which is crucial for maintaining operations in a digital environment. AI is being used for tasks such as legal research, document review, and predictive analytics. This helps in reducing the time and cost associated with these tasks while increasing accuracy.