Veriphy, a Davies company & the leading compliance solutions supplier, has welcomed research by TheCityUK which reveals a 6% YOY growth in revenue for the UK legal sector, with the figure standing at £35.5 billion per annum.

The research, Legal Excellence, Internationally Renowned, also reveals that UK lawtech is in a dominant position within Europe.

George Stark of Veriphy said “As one the UK’s leading and longest-established digital compliance companies, Veriphy has always stressed the importance of smart technology within the regulated sector. It’s vital for the UK economy as a whole that the legal sector remains at the cutting edge of best digital practice, and the latest figures are useful indicators of success in that goal.”

“Our flexibility has been key to our own success within the sector”, added Stark. “We can provide legal firms with data via API, web UI or batch upload – whatever method suits them best. We are also uniquely able to offer clients a menu of online AML, company and criminal record checks, all available without upfront charge. We like our commercial model to match the flexibility of our digital offering. All our clients are professionals, and we treat them accordingly. The feedback we get supports our approach.”

Veriphy’s 15,000 clients all have access to a full suite of award-winning solutions deliverable via multiple channels The company, whose website is at www.veriphy.com, has been trading since 2007, and is part of the Davies Group.