A £25 billion legal sector supports a healthy economy

22 Mar 2016
New analysis shows that an 8,000 jobs boost follows each one per cent growth in legal services.

New analysis shows that an 8,000 jobs boost follows each one per cent growth in legal services.

The first ever investigation of the wider economic value of UK legal services shows:

  • 8,000 new jobs are created and £379 million is added to the economy for every one per cent growth in the UK legal services sector.
  • Each £1 of extra turnover in the sector stimulates £1.39 in the rest of the economy.
  • Every 100 extra jobs in legal services supports a further 67 jobs.
  • The sector grew by 8 per cent from 2014 to 2015.
  • An estimated 370,000 people are employed in legal services in the UK. 63 per cent are solicitors or employed by solicitor firms.
  • 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.
  • 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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