After steady growth in 2019, the sector struggled in the first half of 2020 as the pandemic took hold but recovered a little in the second half of the year. Market value growth in 2020 was 2.2% compared to over 5% in 2019.
There are better prospects for 2021 and beyond. It is only a few months before no-fault divorces become a reality and there may be some holding back on a split until these arrive. Financial problems caused by the pandemic may also be holding back some divorces. However, work in other areas is likely to drive growth, in particular Children Act work, domestic violence work, and international family law cases. Between 2020 to 2024, the market is expected to grow by an average of 4.2% per year in value terms.