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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

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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 Threats & Opportunities
  • Pressure from ABS firms has encouraged operators to increase efficiency and cut costs
  • Artificial intelligence technology allows employees more time to concentrate on higher value activities
  • Leaving the United Kingdom could limit career opportunities and exacerbate the skills shortage
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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 Analysis Chapter

The revenue generated by the Legal Activities industry has remained relatively steady over the five years through 2016-17, and is expected to grow at a compound annual rate of 0.5% over the period. Growth in the number of UK businesses over the five years through 2016-17 has expanded the industry’s potential client base, while the rising number of residential property transactions supported the industry’s performance. Law firms also earn revenue from services related to equity capital raisings, which rose strongly towards the end of the period. Rev.. 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
  • Proximity to key markets
  • Having a high prior success rate (including completed prior contracts)
  • IBISWorld analysts also discuss how external factors such as Business confidence index and Number of businesses in the Legal Activities industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    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

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Business confidence index
  • Number of businesses
  • Number of residential property transactions
  • Equity capital raisings
  • Mergers and acquisitions involving UK companies
  • Current Performance
  • New suppliers
  • Increasing competition
  • Artificial intelligence
  • Profit and wages
  • Chart: Revenue Growth
  • Industry Outlook
  • Referendum effects
  • Further technological integration
  • Legal aid struggles
  • Table: Legal Activities Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Legal Activities Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Property Unit Trusts
  • Investment Banking & Securities Brokerage
  • Tax Consultants
  • Key Selling Industries
  • Office Furniture Wholesaling
  • Post-Graduate Level Higher Education
  • 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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • 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
    Major Companies
    Linklaters LLP
    Allen & Overy LLP
    Clifford Chance LLP
    Freshfields Bruckhaus Deringer LLP
  • Table: Linklaters LLP - financial performance
  • Table: Allen & Overy LLP - financial performance
  • Table: Clifford Chance LLP - financial performance
  • Table: Freshfields Bruckhaus Deringer LLP - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Legal Activities Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Magic Circle Firms
  • An informal term for the five leading law firms headquartered in the United Kingdom.
  • Patent
  • A right granted by the government that gives an inventor or company the sole right to manufacture and use an invention for a period of up to 20 years.
  • Profit Per Equity Partner (Pep)
  • A standard measure used to evaluate the performance of law firms.
  • Trademark
  • A mark applied to goods to identify them as coming from a particular manufacturer or trading source.

  • Why Buy this Report?
    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:
    • 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 of 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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