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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 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.

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
Annual Growth 12-17
Annual Growth 17-22
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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 Investment Chapter

As with most service industries, the Legal Activities industry does not require much capital investment because firms need the skills and knowledge of law professionals to provide legal services. These skills come at a price, giving the industry an above-average wage rate. Wages are anticipated to absorb 33.3% of industry revenue in 2016-17, while depreciation is estimated to absorb just 1.8% of revenue. This means that for every £1.00 they spend on capital, law firms are expected to spend £18.49 on wages. Most law firms choose to lease their premises and office equipment to avoid buying land and expensive equipment.

Fee-earning lawyers in the large law firms tend to rely upon a high number of support staff to complete their work. Thi.. 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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