Dublin, 4 May 2021 (GLOBE NEWSWIRE) – The UK Legal Services Market Report 2021 has been added to the UK Legal Services ResearchAndMarkets. com.
The UK legal market (including personal practice firms, lawyers, patent attorneys and other legal service providers) was valued at nearly 37 billion pounds in 2020, with no replacement since 2019. compared to last year basically by a minimisation at the first lockout. In the last quarter of 2020, revenue increased.
The number of law firms in the UK is just under 12,000. In England and Wales, incorporated corporations now represent part of all business models for law firms. So far, COVID-19 has led to a significant number of law firm closures. Most likely, by 2021 we will see more, as the license ends in the fall and restructuring in some sectors is accelerated.
By far the largest segment of the UK market is legal paintings for business and advertising matters (including advertising property), representing 4. 6% of total revenue from the UK market site and the maximum of high-value paintings in this segment is done through larger law firms. The largest segment of the customer law market is non-public injury/accident/medical negligence valued at four billion pounds, the sector experienced a decline in income by 2020. Family and labor laws are the maximum living segments, followed by wills and successions. cession.
This report includes the fifth annual set of effects of our survey of 222 legal professionals. These professionals paint in 4 spaces of the client’s law: movement of ownership; Family law Wills and successions for personal injury. Most professionals in the maximum customer law sectors reported a volume expansion over the past 12 months, the “last 12 months” covered an era five months before the pandemic and seven months after March 2020. the only area of practice in which paint loading has decreased, particularly over the more than 12 months, was non-public injury.
More than part of all companies expect volume expansion over the next 12 months, however, there are transparent differences between the practice areas. There is expected to be a strong accumulation in the law of wills, inheritances, and circle of relatives. Overdue difficulties and difficulties in the non-public injury sector are expected to continue.
The publisher expects the legal market to grow by 4. 4% in 2021 and then to a higher speed in 2022.
Many of the migrations to home paints and virtual consultations with clients, which have spread to market position as a result of the pandemic, are expected to remain in the long-term position: 40% of the professionals surveyed expect to see components of their physical office space in 2021 and 2022.
Key topics covered:
1. Summary
2. Market structure
Most advisors are regulated
Segments of law companies
Nearly 12,000 laws in the UK
More than rooms
Authorized carriers
Patent and trademark attorneys
Lawyers
Alternative Corporate Structures (ABS)
Alternative service providers
Other service providers
Personnel numbers
3. Market developments
CMA 2020 Legal Services Market Review
Review of legal services: some achievements Too many unmet needs
Independent of the first year of the SAR’s transparency rules
The review recommends that everything legal is regulated
CMA reports on Scottish system
Intellectual property reforms in 2021
Alternative legal service providers are more widespread
The accumulation of courts and tribunals was aggravated by COVID-19
4. They are key players
Top 100
Top 10
Acquisitions and mergers
The top five legal companies in the UK: profiles
DLA Piper International LLP
Clifford Chance LLP
Allen
Linklaters LLP
Hogan Lovells
Selection of legal service providers
Listed companies
DWF
Gateley PLC (Holdings)
The automaton of the Ince Group
API Keystone Law Group
PLC Knights
Rosenblatt Ltd.
Consumer companies
Cooperative services
Irwin Mitchell
Simpson Millar LLP
Slater’s lawyers
5. Market size and trends
Unchanged market in 2020
UK exports of legal increase to nearly 7 billion pounds
6. Market segmentation
Corporate, monetary and advertising law
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Activity M
Business insolvency
Commercial courts
International litigation and dispute resolution
Personal injury
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The number of decreases in 2019/20
The number of physical claims heard in court decreases back to an annual minimum.
Commercial and residential assets, transfer of assets
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Decrease in real estate transactions over the more than 3 years
Wills, trusts and successions
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Decrease in succession programmes in 2019, but increasing by 2020
Family law
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Family courts have begun to rise
Labour law
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The number of prud’homal has expanded since 2017
criminal law
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Criminal trials
7. Professional research
8. The future
An uptick in next year?
Forecasts
9. Professionals and regulators
For more information on this report, https://www. researchandmarkets. com/r/hw00ar