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Legal Services in the United Kingdom - MarketLine

DESCRIPTION

TABLE OF CONTENTS

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DESCRIPTION

Legal Services in the United Kingdom

Summary

Legal Services in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). 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 had total revenues of $46.4bn in 2018, representing a compound annual growth rate (CAGR) of 3.8% between 2014 and 2018.
- Market volume increased with a CAGR of 3.4% between 2014 and 2018, to reach a total of 211,700 legal professionals in 2018.
- Brexit will continue to have an effect on legal practices and it is unclear what EU laws the UK will keep, change or discard.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, 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

Reasons to Buy

- What was the size of the United Kingdom legal services market by value in 2018?
- What will be the size of the United Kingdom legal services market in 2023?
- 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?
- What are the main segments that make up the United Kingdoms legal services market?

TABLE OF CONTENTS

Executive Summary
Market value
Market value forecast
Market volume
Market volume forecast
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market volume
Market Segmentation
Geography segmentation
Market Outlook
Market value forecast
Market volume forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Allen & Overy LLP
Clifford Chance LLP
Freshfields Bruckhaus Deringer LLP
Linklaters LLP
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine

List Of Tables

Table 1: United Kingdom legal services market value: $ billion, 2014-18
Table 2: United Kingdom legal services market volume: thousand legal professionals, 2014-18
Table 3: United Kingdom legal services market geography segmentation: $ billion, 2018
Table 4: United Kingdom legal services market value forecast: $ billion, 2018-23
Table 5: United Kingdom legal services market volume forecast: thousand legal professionals, 2018-23
Table 6: Allen & Overy LLP: key facts
Table 7: Clifford Chance LLP: key facts
Table 8: Freshfields Bruckhaus Deringer LLP: key facts
Table 9: Linklaters LLP: key facts
Table 10: United Kingdom size of population (million), 2014-18
Table 11: United Kingdom gdp (constant 2005 prices, $ billion), 2014-18
Table 12: United Kingdom gdp (current prices, $ billion), 2014-18
Table 13: United Kingdom inflation, 2014-18
Table 14: United Kingdom consumer price index (absolute), 2014-18
Table 15: United Kingdom exchange rate, 2014-18

List Of Figures

Figure 1: United Kingdom legal services market value: $ billion, 2014-18
Figure 2: United Kingdom legal services market volume: thousand legal professionals, 2014-18
Figure 3: United Kingdom legal services market geography segmentation: % share, by value, 2018
Figure 4: United Kingdom legal services market value forecast: $ billion, 2018-23
Figure 5: United Kingdom legal services market volume forecast: thousand legal professionals, 2018-23
Figure 6: Forces driving competition in the legal services market in the United Kingdom, 2018
Figure 7: Drivers of buyer power in the legal services market in the United Kingdom, 2018
Figure 8: Drivers of supplier power in the legal services market in the United Kingdom, 2018
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in the United Kingdom, 2018
Figure 10: Factors influencing the threat of substitutes in the legal services market in the United Kingdom, 2018
Figure 11: Drivers of degree of rivalry in the legal services market in the United Kingdom, 2018

Companies Mentioned

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

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