The one-point increase in the Rule of Law Index increases GDP by 0.82%

The International Bar Association (IBA), the largest global legal sector association with over 80,000 jurists and over 190 law firms from 175 countries, predicts that a one-point increase on the Rule of Law Index will increase GDP by 0.82%, as detailed in the first global study quantifying the social and economic impacts of the legal profession, the Impact Report. The study, conducted with the contribution of McKinsey in data collection and anal…