Following a request by Core Legal  founder and member IRN Research, the Office for National Statistics (ONS) has published a breakdown of UK monthly legal market turnover which, for the first time, gives segmented turnover data for solicitors, barristers, and patent/copyright agents. Up to now, only total market size figures have been published.
These landmark figures make interesting reading as they suggest that, out of a total UK market of £26.4bn in 2012, ONS puts the revenue for solicitors at £16bn which is lower than many other market estimates but turnover of patent/copyright agents was estimated at almost £9bn. Barristers account for the remaining £1.7bn.
IRN Research will analyse the figures in more detail over the next few months and try and find out more about the methodology. IRN has also approached the ONS to see if this data can be published on a regular basis.
Table 1: UK Legal Services Turnover by Segment per month, Jan 2012 – Aug 2013 (£bn)
|Barristers||Solicitors||Patent & copyright agents|
Source: National Statistics/ IRN Research
The Excel data spreadsheet is at:
About IRN Research
IRN Research offers bespoke market research services to the legal services sector plus IRN Legal, an annual information & research service on the UK legal services market. For £850 a year (plus VAT), subscribers receive:
PDF copy (60pp) of the 2014 UK Legal Services Market Report (with half yearly update)
PDF copy (60pp) of the 2014 Legal Landscape Report (with half yearly update)
One or more PDF copies (20pp each) of each of our annual UK Legal Market Briefings – Conveyancing (2013 published and 2014), Wills and Probate (published Feb 2014), Personal Injury (2014), Family Law (2014) – published throughout the year.
One or more PDF copies of the monthly UK Legal Market Trends, with legal market data, new surveys, new reports, legal M&A activity etc.
We can email PDF copies of our reports when they are published to as many of your staff as you wish, or you can circulate yourself.
Further details from: David Mort at firstname.lastname@example.org , Tel: 0121 635 5210, or visit
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