The UK online legal services market was valued at 35.1bn in 2018, increasing by 6.3% at current prices on the previous year. When inflation is taken into account then market value increased by 3.7% (constant prices).
As law firms learn how to automate legal services and reduce the level of legal fees, the ability to serve this market becomes realistic and can be a growth engine for single and small law firms. The UK Online Legal Services market consists of transactional services, which include interactive legal documents, legal subscription plans and other services. There is a huge potential latent market for legal services. This market is composed mainly of people and families of moderate and middle income who cannot afford the high cost of legal fees.
UK Online Legal Services Market report provides an in-depth analysis of all market dynamics including drivers and restraints, and trends and opportunities. Important factors supporting growth across various is also provided. Using the industrial figures, the market finds growth figures between the forecast periods from 2019 to 2027. In order to present an executive-level model of the UK Online Legal Services market and its future perspectives, the report presents a clear segmentation based on different parameters. The factors that affect these segments are also discussed in detail in the report.
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Top Key Players Covered in UK Online Legal Services Market:
DLA Piper International LLP, Clifford Chance LLP, Hogan Lovells, Allen & Overy LLP, Linklaters LLP, Listed law firms and others, Gateley PLC, Gordon Dadds PLC, Keystone Law Group PLC, Knights PLC, NAHL Group PLC, Rosenblatt Group PLC, Consumer law firms, Cooperative Legal Services, Irwin Mitchell, Simpson Millar, and Slater & Gordon (UK)
The largest segment in the UK market is legal work for business and commercial matters (including commercial property) which accounts for almost half of the total market revenue in 2018 (almost 47 percent) and most of the High value work in this segment is performed by the largest law firms. The most important segment of the consumer law is work for personal injury / accidents / medical malpractice, which contributes approximately 11 percent of the income of the UK market, despite the sector facing the fall of claims and claims implications of the ban on reference rates.
UK Online Legal Services Market segment by Type:
UK Online Legal Services Market segment by Application:
- B2B UK Online Legal Services,
- B2C UK Online Legal Services,
- Criminal law practices,
- Hybrid commercial UK Online Legal Services
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Key questions addressed through this research report:
- Services Industry,
- Finance Industry,
- Manufacturing Industry,
- Energy and utilities Industry,
- IT Industry
- What are the market growth predictions based on the various hypothesis?
- What will be the UK Online Legal Services Market size?
- What are the highest competitors in the global market?
- What are the demanding countries in terms of production and consumption?
- What are the drivers and restraints in front of the market?
- What are the key players in the market?
- Who are the vendors of the UK Online Legal Services Market?
- What are the different challenges and risks addressed?
Analysis tools such as Porter’s five forces analysis and SWOT analysis have also been utilized for analyzing the market data. The major strategies adopted by the already established players for a better penetration in the UK Online Legal Services Market also form a key section of this study. This market report offers a comprehensive analysis of the global market. Furthermore, each section in this report includes expert insights that will help to address the problem areas experienced in supply chain issues.
In This Study, The Years Considered To Estimate The Size Of UK Online Legal Services Market Are As Follows:
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- History Year: 2015-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2027