More than 1,000 new solicitor firms will be created in 2016, official statistics suggest, a 30% increase on the last two years.

From 1 January to 31 July, 612 new business entities were authorised by the Solicitors Regulation Authority. If that rate is maintained the number will reach well over 1,000 by 31 December – compared with 812 and 807 respectively in 2015 and 2014.