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