United Kingdom (UK) Legal Services Market Summary, Competitive Analysis and Forecast, 2017-2026

November 2022 | 46 pages | ID: UF3252E6DFB9EN
MarketLine

Abstracts

United Kingdom (UK) Legal Services Market @Summary, Competitive Analysis and Forecast, 2017-2026

SUMMARY

Legal Services in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). 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 $56.8 billion in 2021, representing a compound annual growth rate (CAGR) of 5.7% between 2016 and 2021.
• Market production volume increased with a CAGR of 1.6% between 2016 and 2021, to reach a total of 209,800 practitioners of law in 2021.
• The UK legal services market is the largest in Europe accounting for 30.6% of the region’s market value.

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 2021?
• What will be the size of the United Kingdom legal services market in 2026?
• 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 Kingdom's legal services market?

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. What alternative legal services providers are competing with leading players?
7.4. What are the recent developments for the leading players?

8 COMPANY PROFILES

8.1. Clifford Chance LLP
8.2. Allen & Overy LLP
8.3. Freshfields Bruckhaus Deringer LLP
8.4. Linklaters LLP

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: United Kingdom legal services market value: $ billion, 2016-21
Table 2: United Kingdom legal services market volume: thousand practitioners of law, 2016-21
Table 3: United Kingdom legal services market geography segmentation: $ billion, 2021
Table 4: United Kingdom legal services market value forecast: $ billion, 2021-26
Table 5: United Kingdom legal services market volume forecast: thousand practitioners of law, 2021-26
Table 6: Clifford Chance LLP: key facts
Table 7: Clifford Chance LLP: Key Employees
Table 8: Allen & Overy LLP: key facts
Table 9: Allen & Overy LLP: Key Employees
Table 10: Allen & Overy LLP: Key Employees Continued
Table 11: Allen & Overy LLP: Key Employees Continued
Table 12: Freshfields Bruckhaus Deringer LLP: key facts
Table 13: Freshfields Bruckhaus Deringer LLP: Key Employees
Table 14: Linklaters LLP: key facts
Table 15: Linklaters LLP: Key Employees
Table 16: United Kingdom size of population (million), 2017-21
Table 17: United Kingdom gdp (constant 2005 prices, $ billion), 2017-21
Table 18: United Kingdom gdp (current prices, $ billion), 2017-21
Table 19: United Kingdom inflation, 2017-21
Table 20: United Kingdom consumer price index (absolute), 2017-21
Table 21: United Kingdom exchange rate, 2017-21

List Of Figures

LIST OF FIGURES

Figure 1: United Kingdom legal services market value: $ billion, 2016-21
Figure 2: United Kingdom legal services market volume: thousand practitioners of law, 2016-21
Figure 3: United Kingdom legal services market geography segmentation: % share, by value, 2021
Figure 4: United Kingdom legal services market value forecast: $ billion, 2021-26
Figure 5: United Kingdom legal services market volume forecast: thousand practitioners of law, 2021-26
Figure 6: Forces driving competition in the legal services market in the United Kingdom, 2021
Figure 7: Drivers of buyer power in the legal services market in the United Kingdom, 2021
Figure 8: Drivers of supplier power in the legal services market in the United Kingdom, 2021
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in the United Kingdom, 2021
Figure 10: Factors influencing the threat of substitutes in the legal services market in the United Kingdom, 2021
Figure 11: Drivers of degree of rivalry in the legal services market in the United Kingdom, 2021