Market revenue in 2023 | USD 91.0 million |
Market revenue in 2030 | USD 122.4 million |
Growth rate | 4.3% (CAGR from 2023 to 2030) |
Largest segment | Corporate |
Fastest growing segment | Corporate |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Taxation, Real Estate, Litigation, Bankruptcy, Labor/Employment, Corporate |
Key market players worldwide | Deloitte, Ernst & Young Global Consulting Services, Kirkland's Inc, PwC, Baker & McKenzie, Clifford Chance, DLA Piper, KPMG, Latham & Watkins, Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates |
Corporate was the largest segment with a revenue share of 48.68% in 2023. Horizon Databook has segmented the UK legal services market based on taxation, real estate, litigation, bankruptcy, labor/employment, corporate covering the revenue growth of each sub-segment from 2018 to 2030.
The legal service market in the U.K. has experienced steady growth in recent years. This growth has been attributed to several factors, including an increase in demand for legal services, the introduction of new technologies and the rise of alternative legal service providers.
As a result, the legal industry in the U.K. has become increasingly competitive, with firms vying for market share through innovative strategies and the development of new service offerings. Despite this competition, however, the legal service market in the U.K. is expected to continue to grow in the years ahead, driven by ongoing demand for legal expertise and the emergence of new technologies and business models.
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