UK legal sector contributes more than £22 billion to the British economy per year

Published by Will Dodds on September 3rd 2021, 3:03pm

A new Ministry of Justice case study has found that the UK legal sector contributes more than £22 billion in gross value to the British economy per year.

The case study said that in addition to generating significant value, it also provides employment for around 350,000 people around the country.

Furthermore, the legal system underpins trade, business and the markets, while also being "forward-looking" in a bid to "meet the challenges of an ever-changing global environment".

"Post COVID-19, there are huge opportunities for UK legal professionals to expand their global footprint by collaborating and partnering with colleagues in jurisdictions around the world," the case study read.

Parfitt Cresswell is one of the many UK legal firms offering a variety of services, with expertise within family law, property, later living and business and employment.

Established in 1908, the firm has four branches and a further seven associated branches across London and the southeast.

With over 90 members of staff, Parfitt Cresswell works in the following areas of the law: divorce and separation, marital and cohabitation, children and finances, nuptial agreements, wills, probate, lasting powers of attorney, trusts, tax planning, residential property, commercial property, employment, buying and selling, disputes, and management.

The firm also hosts its own radio show, Legal Chat, every Wednesday and Friday at 1pm on Connections Radio, where its team of legal experts share helpful tips and information.

Connections Radio is an online station targeted to galvanise the business community and give business owners a platform on which to talk about their business, putting them in touch with entrepreneurs, leading business people, politicians, celebrities and successful people.

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Authored By

Will Dodds
Senior Journalist
September 3rd 2021, 3:03pm

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