Legal Services in the United Kingdom (UK) - Market Summary, Competitive Analysis and Forecast to 2025
Legal Services in the United Kingdom (UK) - Market Summary, Competitive Analysis and Forecast to 2025Summary
Legal Services in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The legal services market includes practitioners of law operating in every sector of the legal spectrum. These include, but are not limited to, commercial, criminal, legal aid, insolvency, labor/industrial, family and taxation law. The legal services market includes practitioners of law operating in every sector of the legal spectrum. These include, but are not limited to, commercial, criminal, legal aid, insolvency, labor/industrial, family and taxation law.
- The UK legal services market had total revenues of $47.2bn in 2020, representing a compound annual growth rate (CAGR) of 4.1% between 2016 and 2020.
- Market production volume increased with a CAGR of 3.7% between 2016 and 2020, to reach a total of 224,500 legal professionals in 2020.
- The market experienced strong growth over the past five years, particularly in 2017 and 2018. Growth in these years may have been driven by the UK’s decision to commence its leaving of the EU through Brexit.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the legal services market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the legal services market in the United Kingdom
- Leading company profiles reveal details of key legal services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom legal services market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the United Kingdom legal services market by value in 2020?
- What will be the size of the United Kingdom legal services market in 2025?
- What factors are affecting the strength of competition in the United Kingdom legal services market?
- How has the market performed over the last five years?
- How large is the United Kingdom’s legal services market in relation to its regional counterparts?
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