Use our industry guide to find key background information, market research, import and export guidelines, statistics, legislation, trade bodies and trade publications.
Trends and forecasts
The library provides full access to articles from leading business, finance and management journals.
Legal services sector forecasts
Forecasts of turnover, employment, net exports and prices for the UK legal services sector, produced by the Law Society. Covers 2017-2025.
Market research reports focusing on this business sector are available from a number of market research specialists. In most cases these reports are available to fee-paying subscribers or on a pay-as-you-go basis.
Industry profiles give an overview of market size in different countries or regions, the competitive landscape and provide a forecast of market performance. These profiles are available exclusively for ICAEW members and ACA students through the Library & Information Service.
If you’re looking for industry profiles for regions or countries not listed above, please contact the Library on +44 (0)20 7920 8620 or email email@example.com.
If you experience any problems accessing these resources, please see our online resources troubleshooting FAQ.
Other market research specialists
Some free information is available from the following market research specialists, ranging from industry news to executive summaries of the reports.
A full listing of reference products and research reports for the legal services sector within the real estate and business services industry from Euromonitor, with a range of global, country and company level reports. Each report provides a contents listing and a useful executive summary reporting on the key trends in each country report.
Business and industry research specialists offering reports on a wide range of sectors, including legal activities. Report snapshots, table of contents and a sample report are available. The company also produces global industry research reports.
Report from Mintel covering the UK legal services market. The website includes a summary and the option to view a contents listing.
Need to find the latest news on this industry sector? We can carry out industry news searches using a range of trade titles and general business sources through our databases. To discuss your requirements, please contact the enquiry team on +44 (0)20 7920 8620 or at firstname.lastname@example.org.
Statistics on the UK
Office for National Statistics
The Annual Business Survey (ABS) from the Office for National Statistics collects financial information covering UK production, construction, distribution and service industries. Statistics available include:
- number of enterprises;
- total turnover;
- approximate gross value added at basic prices;
- total purchases of goods, materials and services;
- total employment costs;
- total net capital expenditure;
- total net capital expenditure – acquisitions;
- total net capital expenditure – disposals;
- total stocks and work in progress – value at end of year;
- total stocks and work in progress – value at beginning of year;
- total stocks and work in progress – increase during year.
The dataset Non-financial business economy, UK: Sections A to S includes statistics for:
- Legal activities (69.1)
See Section M: Professional, scientific and technical activities
- the numbers of solicitors and practices;
- the demographic make-up of the legal profession; and
- trends in education.
Annual Law Firms' Survey
Annual survey from PwC that analyses the performance of participating firms for benchmarking financial and operational effectiveness. The data includes detailed charts and graphs.
Law firm benchmarking 2021
Annual law firm benchmarking survey from Crowe Clark Whitehill providing a snapshot of UK law firm performance. Includes revenue and profit growth, profit per equity partner, fees per fee-earner, increase in headcount, employment costs, average lock-up days and percentage of top-tier partners for city and regional firms. Registration is required to download the report.
Statistics on Europe
Eurostat, the EU statistics hub, collates detailed Structural Business Statistics giving the latest figures for industry, construction, trade and services by sector and country. The indicators available include:
- number of enterprises
- turnover or gross premiums written
- production value
- value added at factor cost
- gross operating surplus
- wages and salaries
- social security costs
- gross investment in tangible goods
- gross investment in land
- gross investment in existing buildings and structures
- gross investment in construction and alteration of buildings
- gross investment in machinery and equipment
- number of employees
- number of persons employed per enterprise.
Statistics within the database are available for:
- Legal activities (M691)
See database section ‘SBS – services’
The Office for National Statistics publication Annual Survey of Hours and Earnings (ASHE) includes average employment costs within this sector which can be found in Table 14. Average employment costs are provided for full-time employees, part-time employees and all employees.
The data includes average employment costs for:
- solicitors and lawyers, judges and coroners;
- legal associate professionals;
- legal secretaries.
The annual Business Register and Employment Survey (BRES), published by the Office for National Statistics, includes total employee and employment estimates for different industries for Great Britain and the UK. Figures are broken down to show full-time/part-time and public/private splits. The dataset Industry – Business Register and Employment Survey (BRES): Table 2 includes statistics for:
- Legal activities (691)
Please see individual country profile pages for links to sources of national statistics.
Brexit and the legal profession
Law Society round up of guidance including a checklist for law firms, country guides on practice rights and details of further resources and guidance.
New rules for legal practice: guidance for legal professionals
Ministry of Justice guidance or legal professionals on the new rules for various areas of legal practice (July 2021)
UK business guides
Croner-i Business Focus
Business Focus is a resource that provides practical information on many small business trades and sectors. Its Business Opportunity Profiles offer detailed insights into market conditions, legal issues and the trading environment for a range of businesses. They include:
- Patent attorney
- Solicitors' firm
To find out more about Business Focus, please contact our enquiry team on +44 (0)20 7920 8620 or at email@example.com.
UK key players, ratios and trends
We can produce reports on this sector using selected information from the FAME company database. Reports are available for:
- Legal activities
UK SIC (2007) Code 69.10
Summaries of the three types of report we can produce are given below. You can find further information, a sample report, pricing details and an online order form on our industry sector reports page.
We also operate a bespoke reports service with results tailored to your specifications. Please contact our enquiry team on +44 (0)20 7920 8620 or at firstname.lastname@example.org to discuss your requirements.
Key players report
Our key players report looks at the top companies (by turnover) in any one of the segments within this sector. Reports usually include the top 100 companies but in more specialised sectors with fewer than 100 companies we show all companies with disclosed figures. The reports provide data on 11 comparative fields for the last available year, including:
- profit margins;
- returns on shareholder funds;
- solvency ratios
- number of employees.
Our reports enable easy comparison of the top companies in this sector against each other and against the sector median, average and standard deviation in each of the 11 fields.
A separate mailing list report is also available with address and contact details for the top companies in any of the segments within this sector.
Our market reports look at the aggregated data for the top companies (by turnover) for any of the segments within this sector across all the fields usually found in a company report. The reports include data for the last 10 years* and enables easy comparison of trends for the whole sector. Reports usually include the top 100 companies but in more specialised sectors with fewer than 100 companies we show all companies with disclosed figures.
*Please note the number of companies for which data is aggregated will vary for any given year.
The market reports include sections on:
- key financials and employees;
- profit and loss account;
- balance sheet;
- cash flow statement;
- financial ratios;
- financial trends and changes;
- profitability trends and changes.
Annual report providing the latest transaction multiples broken down by industry. Each section includes a summary of recent deals with EBITDA, average transaction size and expert analysis of current trends within each industry.
The motor industry is classified as 'retail - automotive' and has its own transaction multiples and analysis under 'consumer discretionary'.
ICAEW members, ACA students and Forensic/Valuation Group subscribers can download an overview of the report with headline industry multiples. Information on individual deals can be supplied by the Library on request.
The websites of trade bodies in this sector are a useful source of industry overviews, contacts and statistics.
The Federación Interamericana de Abogados provides a list, with contact details of Affiliate Member Bar Associations in the Americas.
- law firms associations
- lawyers associations
- lawyers associations
- bar associations
- ADR associations
- paralegal associations
- law students associations.
Trade journals and publications
Trade journals, B2B magazines and specialist consumer magazines are another useful source of news and statistics.
Can't find what you're looking for?
The ICAEW Library can give you the right information from trustworthy, professional sources that aren't freely available online. Contact us for expert help with your enquiries and research.
Every effort has been made to ensure that the information given in this Business & Industry Guide is correct. However, the content of websites changes frequently and users should satisfy themselves that the information they contain is suitable for the purposes for which they wish to use it. We would be grateful to receive notification of any broken links at email@example.com.
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.