Leaving the EU without a deal could shave £3.5bn ($4.3bn) off the UK's legal services sector, according to the Law Society. Mr Davis said the legal services sector contributed £27bn to the UK economy in 2018 and produced a trade surplus of £4.4bn in 2017, much of it due to access provided under EU directives. The government has said it will not accept any changes that would weaken its hand in future trade deals. The estimated figure is 10% higher than the forecast revenue loss for an orderly Brexit to the country's £27bn legal sector, due to the potential complexities of practising in the EU under World Trade Organization rules.
Leaving the EU without a deal could shave £3.5bn ($4.3bn) off the UK's legal services sector, according to the Law Society. The government has said it will not accept any changes that would weaken its hand in future trade deals. The estimated figure is 10% higher than the forecast revenue loss for an orderly Brexit to the country's £27bn legal sector, due to the potential complexities of practising in the EU under World Trade Organization rules.