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Legal Services in United Kingdom

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    Report

  • 45 Pages
  • November 2020
  • Region: United Kingdom
  • MarketLine
  • ID: 5295227
Legal Services in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The legal services market includes practitioners of law operating in every sector of the legal spectrum. These include, but are not limited to, commercial, criminal, legal aid, insolvency, labor/industrial, family and taxation law.
  • The UK legal services market is expected to generate total revenues of $46.1bn in 2020, representing a compound annual growth rate (CAGR) of 3.6% between 2016 and 2020.
  • Market volume is forecast to increase with a CAGR of 3.5% between 2016 and 2020, to reach a total of 201,200 legal professionals in 2020.
  • Market growth is expected to stagnate in 2020 with the market value expected to increase by just 0.6%.

Scope
  • 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 by both value and volume.

Reasons to Buy
  • What was the size of the United Kingdom legal services market by value in 2020?
  • What will be the size of the United Kingdom legal services market in 2025?
  • 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?
  • How large is the United Kingdom’s legal services market in relation to its regional counterparts?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market rivalry
1.7. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. Which alternative legal services providers are competing with leading players?
8 Company Profiles
8.1. Freshfields Bruckhaus Deringer LLP
8.2. Linklaters LLP
8.3. Clifford Chance LLP
8.4. Allen & Overy LLP
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Author
List of Tables
Table 1: United Kingdom legal services market value: $ billion, 2016-20(e)
Table 2: United Kingdom legal services market volume: thousand legal professionals, 2016-20(e)
Table 3: United Kingdom legal services market geography segmentation: $ billion, 2020(e)
Table 4: United Kingdom legal services market value forecast: $ billion, 2020-25
Table 5: United Kingdom legal services market volume forecast: thousand legal professionals, 2020-25
Table 6: Freshfields Bruckhaus Deringer LLP: key facts
Table 7: Freshfields Bruckhaus Deringer LLP: Key Employees
Table 8: Linklaters LLP: key facts
Table 9: Linklaters LLP: Key Employees
Table 10: Clifford Chance LLP: key facts
Table 11: Clifford Chance LLP: Key Employees
Table 12: Allen & Overy LLP: key facts
Table 13: Allen & Overy LLP: Key Employees
Table 14: Allen & Overy LLP: Key Employees Continued
Table 15: United Kingdom size of population (million), 2016-20
Table 16: United Kingdom GDP (constant 2005 prices, $ billion), 2016-20
Table 17: United Kingdom GDP (current prices, $ billion), 2016-20
Table 18: United Kingdom inflation, 2016-20
Table 19: United Kingdom consumer price index (absolute), 2016-20
Table 20: United Kingdom exchange rate, 2015-19
List of Figures
Figure 1: United Kingdom legal services market value: $ billion, 2016-20(e)
Figure 2: United Kingdom legal services market volume: thousand legal professionals, 2016-20(e)
Figure 3: United Kingdom legal services market geography segmentation: % share, by value, 2020(e)
Figure 4: United Kingdom legal services market value forecast: $ billion, 2020-25
Figure 5: United Kingdom legal services market volume forecast: thousand legal professionals, 2020-25
Figure 6: Forces driving competition in the legal services market in the United Kingdom, 2020
Figure 7: Drivers of buyer power in the legal services market in the United Kingdom, 2020
Figure 8: Drivers of supplier power in the legal services market in the United Kingdom, 2020
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in the United Kingdom, 2020
Figure 10: Factors influencing the threat of substitutes in the legal services market in the United Kingdom, 2020
Figure 11: Drivers of degree of rivalry in the legal services market in the United Kingdom, 2020

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Freshfields Bruckhaus Deringer LLP
  • Linklaters LLP
  • Clifford Chance LLP
  • Allen & Overy LLP

Table Information