Legal Sector Worth £26bn to Economy
A recent survey has revealed that the legal sector contributes a phenomenal £26 billion to the UK economy.
The survey, the first ever review of the legal sector also revealed that the sector boosts investment and jobs, and solicitors and employees of solicitor firms make up 63 per cent of the legal sector. Some more key highlights are:
- For every 100 extra jobs in legal services it supports a further 67 jobs
- Growth in the legal services sector has averaged 3.3 per cent every year for the last decade - outstripping UK economic growth rate of 1.2 per cent elsewhere
- Net exports of legal services have grown by an average of 5.6 per cent per annum over the last 10 years, to £3.6 billion.
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