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   UK Legal services to see moderate growth in 2012 with new business models changing the market landscape
According to the report “UK Legal Services Market Report: 3rd Edition” 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 theUKis 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 theUKlegal 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). Find more reports about the Legal Services Market 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. Due to problems with spam only SalfordOnline members can now leave comments. Becoming a member of SalfordOnline only takes a minute, just hit the red Join Us button at the top right hand side of the page to create your Personal account. Got a news story? Need help with publicity for an event in Salford? Send it to newsdesk@salfordonline.com or call the SalfordOnline newsdesk on 0161 789 5377. |
