Circulation
Independent study on economic significance of legal services
An independent study, commissioned by the CCBE, was recently published on assessing the economic significance of the legal services sector in the European Union. This study was conducted by Professor George Yarrow, Director of the 'Regulatory Policy Institute' in Oxford.
The study concludes that the institutions and laws of a legal system condition and determine
economic performance. Institutions that are stable and credible facilitate economic development and lead to higher levels of economic activity. Lawyers actively contribute, through their everyday actions and conduct, to both the shape of a legal system and how effectively it operates and functions.
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http://www.ccbe.eu/fileadmin/user_upload/NTCdocument/RPI_study_Yarrow_D1_1348650358.pdf