Listed law firm Knights Group’s instructions fell by around 20% as a result of the COVID-19 pandemic, but the firm still expects bumper profits and revenue for the year, its latest trading statement has said.

According to the latest trading statement issued by the firm, the decline in work occurred in the past few weeks. It cited stock market disruption in early April as the main driver behind the slow-down, but the statement added that the board was encouraged by early signs of market stabilisation.