Almost £3bn could be stripped from legal sector turnover by 2025 if the UK crashes out of the EU without a deal according to economic forecasts released by the Law Society.

The forecasts, based on alternative Brexit scenarios developed in collaboration with Thomson Reuters, say that a so-called ‘hard Brexit’ could cut the legal sector’s rate of growth by half.

The forecasts were released as the government prepares to publish the first in a series of technical notices designed to prepare the UK for the possibility of a no-deal Brexit next year.

Christina Blacklaws said: ’UK legal services look to have been relatively buoyant through 2017-18, thanks to a combination of Brexit-related work, steady demand from UK businesses and an uptick in business from non-UK clients taking advantage of the depreciation of the pound.