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TheCityUK report says UK’s legal services market is second only to the US globally

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Published on: 18 January 2023

Published by LNB News

LNB News 18/01/2023

Document Information

Issue Date: 18 January 2023

Published Date: 18 January 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

TheCityUK has published its annual report setting out key facts about the UK as an international financial centre, which it says confirms the UK as the world’s leading net exporter of financial services. The report also finds that the UK is the largest legal services market in Europe and is second only to the US globally. It accounts for a third of Western European legal services fee revenue and around 5% of global legal services fee revenue (£520.5bn in 2021).

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