Over 60,000 legal and accounting firms contributed £15.5bn worth of taxes in 2015/16, representing 2.5% of tax receipts in the UK, according to a new report by TheCityUK.
The legal and accounting sector employs just under 700,000 people across the UK – including over 300,000 in law, representing 2% of the total workforce. The average wage per employee at the study participants, which the report said ‘broadly represent the largest firms’ totalled £61,176, with each employee contributing around £22,463 to public finances.
