The industry employed 368,000 individuals last year, while the world’s largest 100 law firms demonstrated a 6% increase in the number of lawyers employed by them.
December 12, 2023 at 06:40 AM
2 minute read
Reporter
The U.K. legal services sector contributed £34 billion to the national economy in 2022—1.6% of total U.K. gross value added, according to a report by TheCityUK, a professional services body.
Despite economic challenges caused by inflation and high interest rates, the U.K.’s top 100 firms grew 8% to a total £33.77 billion this year, while the top 10 firms recorded an £18.3 billion collective turnover, the report added.
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