The employment in the legal services sector in Belgium has shown a steady upward trend from 2013 to 2023, growing from 25.53 thousand in 2013 to 49.29 thousand in 2023, which marks its current volume. Notably, the sector experienced significant growth in 2014 with a 38.68% year-on-year increase. Over the last five years (2018-2023), there was an average annual growth rate (CAGR) of 5.08%. The year-on-year growth rate in recent years indicates a stable increase, with a slight dip in momentum; for instance, it was 4.4% in 2022 and 4.17% in 2023.
Moving forward, projections from 2024 to 2028 indicate a continued growth trajectory, with the number of employees expected to reach 58.87 thousand by 2028. The forecasted five-year CAGR from 2023 to 2028 is 2.81%, translating to a total growth rate of 14.89% over this period.
Future trends to watch for include:
- Impact of technological advancements and automation in legal services.
- Regulatory changes affecting the legal sector.
- Shifts in demand for legal services due to evolving economic conditions.
- Increase in legal outsourcing and adoption of legal tech solutions.
