UK Legal Services Market Analyzed in Topical IRN Research Report Published at MarketPublishers.com12 Sep 2013 • by Natalie Aster
LONDON – In 2012, the market for legal services in value terms showed slight annual growth of just over 1.5%. In 2013, the market performance is likely to improve, though slightly, and in 2014, much stronger revenue growth in the UK legal services market is expected. Although in numerical terms the market is dominated small law companies, power is mainly concentrated amid the key market participants. In 2012, the country’s 200 leading firms claimed nearly 55% of private law practice revenues generated in the country. As of now, the number of law offices in UK is estimated at approximately 12,000, however, by the end of 2015, it is poised to decrease to around 10,500.
Changes to the certain regimes in the personal injury market, the ban on referral fees, cuts in legal aid funding, clients’ demand for more flexible pricing models, financial pressures on some law firms are amid the main factors that impact the UK legal services market.
Topical report “UK Legal Services Market Report 2013” created by IRN Research provides an in-depth analysis of the UK legal services market.
The research provides an extensive industry overview, gives information on market sizing and trends, features market segmentation, examines hot issues in the market; presents PEST analysis; discusses the competitive landscape and profiles the top players in the field. It also includes comprehensive research on in-house legal work areas, preferences, concerns, and purchasing criteria. Granular forecasts illustrating how the market is expected to develop till 2014 are available in the report, too.
Companies mentioned in the study include: Clifford Chance, Linklaters, Allen & Overy, Freshfields Bruckhaus Deringer, and DLA Piper.
UK Legal Services Market Report 2013
Published: July, 2013
Price: US$ 748.00
More market research reports by the publisher can be found at IRN Research page.