Judgement time: The industry has faced growing competition from in-house legal departments

Solicitors, barristers, patent agents, notaries and bailiffs carry out legal activities on behalf of private, corporate, and government clients. The revenue generated by the Legal Activities industry has declined slightly over the past five years. This is due to the decline in the number of businesses at the start of the five-year period, limiting the pool of clients that industry operators can advocate to. Since then, the number of enterprises in Ireland has grown, however growth was weak, which allowed for revenue to decline slightly over the period. Over the five years through 2018, industry revenue is expected to decline by 0.3% to €2.7 billion.Over the past five years, industry operators have increasingly invested in new technology such as artificial intelligence...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Over the past five years, operators have increasingly invested in new technology
  • Increasing investment into AI gives operators an alternative method to generate revenue
  • The number of businesses in Ireland is expected to continue to provide an expanding client base
  • Industry Report - Starting a New Business Chapter

    Barriers to entering the industry are moderate and have remained steady over the past five years. Barriers for legal practitioners include examinations and experience in field. Individuals training to be a solicitor in Ireland do not require a law degree in order to work as a solicitor. However, those who are looking to become a solicitor but do not hold a law degree must pass a preliminary examination. Once they have passed this examination they are permitted to take the entrance exam. Once the individual (graduate or non-graduate) has competed the entrance exam, in-office training spanning 24 months must be completed, followed by a Professional Practice Course (PPC I). As ...purchase to read more.

    Additional Insights for the Legal Activities Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Legal Activities Industry are

  • Having a good reputation
  • Providing client confidentiality
  • Easy access for clients
  • IBISWorld analysts also discuss how external factors such as Business sentiment index and Number of businesses in the Legal Activities industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Legal Activities in Ireland Industry?

    This industry consists of firms that provide legal services, including solicitors, barristers, patent agents, notaries and bailiffs. Lawyers are legal practitioners that provide advocacy, advice and representation on a range of matters and in various sectors, such as commercial, property, private, criminal, civil and family law. Law courts are not covered in the industry.

    Industry Products
  • Advising on corporate structuring, finance, and other affairs
  • Advising on personal law
  • Advising on property law
  • Advising on administrative and constitutional law
  • Advising on employment law
  • Other legal services
  • Industry Activities
  • Commercial law services
  • Personal legal services
  • Property law services
  • Administrative and constitutional law services
  • Criminal law services
  • Intellectual property law services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business sentiment index
  • Number of businesses
  • Number of residential property transactions
  • Equity capital raisings

  • Current Performance
    Raising revenueLegal competitionArtificial intelligenceEnterprises and employment
  • Chart: Revenue Growth

  • Industry Outlook
    Moderate revenue growthProfiting from technologyIndustry structure
  • Table: Legal Activities Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Legal Activities Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Estate Agents in Ireland
  • Accountancies and Tax Consultants in Ireland
  • Intellectual Property Leasing in Ireland

  • Key Selling Industries
  • Computer & Peripheral Equipment Manufacturing in Ireland
  • Third-Level Education in Ireland

  • Products & Services
  • Advising on corporate structuring, finance, and other affairs
  • Advising on personal law
  • Other legal services
  • Advising on property law
  • Advising on administrative and constitutional law
  • Advising on employment law
  • Chart: Legal Activities Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Banking, finance, insurance and other business clients
  • Households
  • Government clients
  • Chart: Major Market Segmentation for the Legal Activities Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Rent, utilities and depreciation
  • Purchase costs
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Legal Activities

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Legal Activities Industry

  • Industry Globalization
    Arthur Cox Unlimited Company,
  • Table: Arthur Cox Unlimited Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Legal Activities Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Legal Activities Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Initial Public Offering (Ipo)
  • When a company issues shares to the public for the first time as a means of raising capital.
  • Legal Tech
  • Technology and software to provide legal services.
  • Merger And Acqustions
  • Mergers and acquisitions are transactions in which the ownership of companies are consolidated with other companies.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Legal Activities in Ireland market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Legal Activities in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Legal Activities in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Legal Activities in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Would you like to speak to an IBISWorld representative?