Legal Services in the United Kingdom

Introduction

Legal Services in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the United Kingdom legal services market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

• The legal services market includes practitioners of law operating in every sector of the legal spectrum. These include commercial, criminal, legal aid, insolvency, labor/industrial, family and taxation law. The market's value is calculated as the total revenues received by law companies for services rendered. These values include all applicable taxes. Market volumes in this report refer to the total number of legal professionals. All currency conversions are calculated at constant average annual 2011 exchange rates.
• The UK legal services market had total revenues of $41.1 billion in 2011, representing a compound annual rate of change (CARC) of -0.4% between 2007 and 2011.
• Total number of legal professionals increased with a CAGR of 2.1% between 27-211, to reach a total of 17.3 thousands in 211.
• The performance of the market is forecast to accelerate, with an anticipated CAGR of 1.1% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $43.4 billion by the end of 2016.

Features

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

Macroeconomic indicators provide insight into general trends within the United Kingdom economy

Key Questions Answered

What was the size of the United Kingdom legal services market by value in 2011?

What will be the size of the United Kingdom legal services market in 2016?

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?