The UK legal sector could lose nearly £3bn in turnover growth and have 10,000 fewer jobs by 2025 with a no-deal Brexit, according to forecasts published by the Law Society.
The society’s research unit released a report today (22 August) which predicted the legal sector would grow at an average 2.2% annually from 2019 to 2025 with a soft Brexit. This, however, drops to just 1.5% with a harder Brexit and falls further to 1.1% in a no-deal scenario.
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