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Legal Activities in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Legal Activities Market Research Report | SIC M69.100 | Mar 2017

Artificial partner: AI technology allows industry operators to save time and improve efficiency

IBISWorld’s Legal Activities market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Allen & Overy LLP Allen & Overy LLP market share
Clifford Chance LLP Clifford Chance LLP market share
Freshfields Bruckhaus Deringer LLP Freshfields Bruckhaus Deringer LLP market share
Linklaters LLP Linklaters LLP market share
Industry Statistics & Market Size
Revenue
£30bn
Annual Growth 12-17
0.5%
Annual Growth 17-22
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Profit
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Employment
324,869
Businesses
31,088
Industry Analysis & Industry Trends

Solicitors, barristers, patent agents, notaries and bailiffs carry out legal activities on behalf of private and corporate clients. Over the five years through 2016-17, the industry is expected to grow at a compound annual rate of 0.5%, with revenue being supported over the period by a rise in the number of UK businesses, as well as a spike in merger and acquisition activity and equity capital raisings in 2013-14. In the current year, revenue is forecast to decline by 7.7% to £29.9 billion as uncertainty brought about by the EU referendum result is expected to depress business confidence and activity for the year, constraining industry demand. This is expected to significantly decrease the compound annual growth rate of the industry over the five years through 2016-17... purchase to read more

Industry Report - Industry Locations Chapter

Most establishments in the Legal Activities industry are small or medium in size and are spread out across the United Kingdom. Industry activity follows the general distribution of business activity and population. However, London’s dominance heavily skews the results.

London

Industry establishments are highly concentrated in London, where 37.8% of total industry establishments are found. London is the headquarters for most of the largest law firms although many have since expanded into global law firms. London is a corporate and financial hub, home to a large number of global and European head offices and the activities of the City are a significant source of demand. Con.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Legal Activities Industry?

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

Industry Products
Advising on corporate structuring, finance, and other affairsAdvising on personal lawAdvising on property lawAdvising on employment lawAdvising on administrative and constitutional lawOther legal services
 
Industry Activities
Commercial law servicesPersonal legal servicesProperty law servicesAdministrative and constitutional law servicesCriminal law servicesIntellectual property law servicesNotary services


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