UK legal sector has 'grown by 50% in last decade'

The piece reports that the value of legal services to the UK economy has increased by 50% over the past decade, climbing from £22.8bn in 2013 to £34.2bn in 2022, according to research published by the Law Society of England and Wales.

Colin Passmore, Chair of the City of London Law Society, said: "City Law is a significant contributor to the economy in so many ways – not merely in terms of income, employment, and taxes paid, but in keeping the economy going and ensuring millions of transactions complete every year."