So what do banks think of the legal sector? NatWest has recently released its legal sector report giving us an insight into what could be on the cards for law firms. The report looks at what lies ahead for UK law firms and suggests that activity levels are likely to suffer - particularly in real estate, capital markets and M&A.
Real estate, equity capital markets and M&A practices are expected to slow down significantly in the year ahead, despite UK law firms continuing to be highly profitable and a significant contributor to the economy, according to NatWest's latest 'Perspective on the Legal Market' report. The report also states that litigation and debt finance are to remain 'relatively buoyant' while the fast-changing regulatory landscape is generating premium advisory mandates for the top players.