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UK legal service firms raked in a record £30.9bn in 2014/15, up 1.3% on the previous year and a fifth successive year of growth, according to a new report. Net exports of UK legal services in 2014 rose by 11% to £3.6bn and in 2015 the sector contributed £25.7bn to the UK economy (1.6% of GDP), the CityUK report – UK Legal Services 2016: Legal Excellence, Internationally Renowned – showed.
UK legal service firms raked in a record £30.9bn in 2014/15, up 1.3% on the previous year and a fifth successive year of growth, according to a new report. Net exports of UK legal services in 2014 rose by 11% to £3.6bn and in 2015 the sector contributed £25.7bn to the UK economy (1.6% of GDP), the CityUK report – UK Legal Services 2016: Legal Excellence, Internationally Renowned – showed.
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