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UK Legal Services: Moderate Growth in 2012 with New Business Models Changing the Market Landsca

Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Jan. 12, 2012 - According to the report “UK Legal Services Market Report: 3rd Edition” available at http://www.reportbuyer.com/go/IRN00005 the UK legal services market is valued at almost £26bn and annual growth of 5% signalled a recovery after declining sales in 2009.

Underlying this overall growth rate there are clear differences between the fortunes of the top 100 or so law firms and the long tail of 10,000-plus law firms and solicitors that make up the rest of the market.

While changes in the market place are predicted to reduce the number of law firms and solicitors operating in the market, there are no signs of this yet. The number of law firms in the UK is still growing and the number of practising solicitors has been rising year-on-year for the last five years and the overwhelming majority of these are still based in private practice.

According to the report the period 2011-2012 is likely to be remembered as the period when the transformation of the UK legal services market gathered pace. For some years, there have been competitors to traditional law firms offering legal services but the number of competitors is likely to increase led by the arrival of Alternative Business Structures (ABS).

Read more about the report “UK Legal Services Market Report: 3rd Edition” is available from Report Buyer at:
http://www.reportbuyer.com/business_government/law/uk_leg...

Reportbuyer.com Product Code: IRN00005
   
Find more reports about the Legal Services
http://www.reportbuyer.com/search/search_results.html?q=L... at Reportbuyer.com the online store for global business information. The website now lists more than 200,000 company overviews, market research reports, industry studies and business books from over 300 specialist publishers. Thousands of professionals from across the world make ReportBuyer.com their first choice in their search for quality business insight.

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Report Buyer is a UK-based independent online store supplying business information on major industry sectors. These include the Automotive Industry, Banking & Finance, Energy & Utilities, Food & Drink, Telecoms and Pharma & Healthcare.

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Source:Joe Walsh
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City/Town:London - London - United Kingdom
Industry:Legal
Tags:legal services
Shortcut:prlog.org/11770681
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