IRN Research Market Research Reports

Legal Market Research Reports

IRN Research: UK Legal Services Market Intelligence Reports Annual Subscription – £1,000

All our regular legal market research reports are available in a discounted annual subscription. Each PDF report offers a market overview, an analysis of key trends and issues, key supplier profiles, market forecasts and an analysis of original research on the market from IRN.  The research reports cover:

  • Clinical Negligence – January 2018, £180
  • Conveyancing – May 2017, £180
  • Personal Injury – October 2017, £180
  • Wills & Probate – November 2017, £180
  • Family Law – December 2017, £180
  • UK Business Law – January 2017, £180
  • UK Legal Services Market – February 2018, £400
  • UK Medico-Legal & Insurance Market – March 2017, £180
  • COMBINED SUBSCRIPTION TO ALL OF THE ABOVE plus the UK Monthly Legal Market Trends bulletin – £1,000 (plus VAT)

Organisation-wide access. For further details, orders, and subscriptions contact:

David Mort, dmort@irn-research.com, or pay here.




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UK Conveyancing Market – IRN Legal Market Briefing

The UK Conveyancing Market Briefing 2017 is an annual Legal Market Briefing from IRN Research and provides an overview of the UK conveyancing market which has witnessed a period of fluctuating trends in the last few years.

The briefing (32pp, PDF), is available directly from IRN Research, priced at £160. UK sterling price is plus VAT so total price is £192.




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UK Legal Services Market Report 2018, 8th edition:

The UK Legal Services Market Report 2018 from IRN Research, now in its eighth year, provides a market review of the UK legal services market. The UK legal services market (including private practice firms, barristers, patent agents, and other legal services providers) was valued at an estimated £32.7bn in 2017 and this is an increase of 3.8% on the market value of £31.5bn in 2016.

The introduction of the Legal Services Act 2007 in 2011 started to change the market landscape. Seven years on, the number of law firms has not fallen significantly but many have reduced costs, and staffing, while some have dropped under-performing practice areas.  This is a response to some new competition, and client demands for more flexible services and pricing.

In order to understand these changes and others impacting on the market, the research report has sections for: industry overview; legal services timeline; market sizes and trends; market segments; key issues in the market; key players; primary research on marketing mix for law firms and use of social media by law firms; market forecasts for 2017 to 2022.

The full report, The UK Legal Services Market 2018 (75pp, PDF), is available directly from IRN Research, priced at £400/€450/US$560. UK sterling price is plus VAT so total price is £480.




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Clinical Negligence Market 2018 – IRN Legal Market Briefing

The UK Clinical Negligence Market Briefing 2018 is the first edition of an annual Legal Market Briefing from IRN Research and provides an overview of the UK clinical negligence markets.

The clinical negligence market is estimated to generate almost £700 million in gross revenue for law firms in the UK, with gross revenues having risen rapidly over the past three years. Despite efforts to cut the costs of clinical negligence claims, IRN Research anticipate the market will see substantial growth over the coming five years, with gross revenue rising by more than 90% over 2016/17 to 2020/21.

The briefing (39pp, PDF), is available directly from IRN Research, priced at £180. UK sterling price is plus VAT so total price is £216.




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The Legal Landscape – AN EVER CHANGING PICTURE

The graphic summarises the legal landscape in England and Wales, almost four years after the Legal Services Act came into force. Download our free graphic/description.

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 Family Law Market 2017 – IRN Legal Market Briefing

The family law market took a major hit in 2014 as the legal aid changes had a major impact on the volume of work, with the market also slowing in 2013 as the changes were first implemented. The market bounced back in 2015 and continued to grow in 2016. In 2017, further growth is anticipated but at a lower rate than in 2016.

A clear majority of family law practitioners are expecting volume and revenue growth over the next 12 months. Key market drivers identified by practitioners are: legal advice in new areas such as same-sex couples and co-habiting couples; more cases involving financial matters and disputes; mediation services; international work.

The briefing (31pp, PDF), is available directly from IRN Research, priced at £180/€202/US$240. UK sterling price is plus VAT so total price is £216.




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UK Business Legal Services Market Report 2018 – IRN Legal Market Briefing

The UK Business Legal Services Market Report is the second edition of an annual Legal Market Report from IRN Research and provides an overview of the market and its core market segments. New content this year includes:

  • A survey of 180 UK businesses (90 large/90 SME) on use of, and perceptions of, legal advisers.
  • Analysis of the top 200 law firms, and leading chambers, and the specific verticals they advise.

UK-based business law firms and chambers generated revenues of over £15 billion in 2017, an increase of 4% on 2016 revenues. The two main segments of the business legal market are corporate/ commercial law and dispute resolution/litigation. Other important market segments are employment law, commercial property, mergers & acquisitions, and patents and trademarks.

This report looks at the market structure, recent trends, market size, market forecasts and analyses the results of the business user survey. There are also separate sections on the main sectors of the market.

The report (60pp, PDF), is available directly from IRN Research, priced at £350. UK sterling price is plus VAT so total price is £420. US$ price is US$500.

 




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Debt-related Legal Services  – IRN Legal Market Report

The Debt-related Legal Services Report 2017 is an annual Legal Market report from IRN Research and provides an overview of two areas of debt-related legal work: legal work for debt recovery and legal work for debt collection.  The market for debt-related legal services in the UK is growing and saw major growth in key areas in 2016, especially general recovery and insolvencies. The market is expected to see relatively strong future growth, based on rising consumer debt levels which will impact directly on consumer debt recoveries and indirectly (via consumer spending) on B2B debt recoveries.

The briefing (86pp, PDF), is available directly from IRN Research, priced at £180. UK sterling price is plus VAT so total price is £216.




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UK Maritime, Shipping and Admiralty Law Market – IRN Legal Market Briefing 

The UK Maritime, Shipping and Admiralty Law Market Briefing 2017 is the first edition of an annual Legal Market Briefing from IRN Research and provides an overview of the UK maritime, shipping and admiralty (MSA) law market.

The UK is a major global shipping hub and a major global hub for MSA work. The bulk of revenue earned by UK MSA legal practices comes from overseas clients and it is global, rather than UK, economic and shipping trends which drives this market.

This briefing studies the market size and trends, including forecasts of the future, market developments and drivers and profiles 28 key legal firms active in this market.

The briefing (57pp, PDF), is available directly from IRN Research, priced at £180. UK sterling price is plus VAT so total price is £216.





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UK Personal Injury Market 2017 – IRN Legal Market Briefing

The UK Personal Injury Market Briefing 2017 is the fourth edition of an annual Legal Market Briefing from IRN Research and provides an overview of the UK personal injury and clinical negligence markets.

The personal injury market is a large market, worth almost £4bn annually but while it is still growing modestly in value terms, it is declining in volume terms. The rise in value represents a major rise in the value of clinical negligence claims and the rising average value of claims related to motoring accidents, employer liability accidents, and public liability cases. An IRN survey of a panel of practitioners confirms the weaknesses in the sector with only 35% of those surveyed expecting increases in workload in the next 12 months (compared to 48% in 2016).

The Government is intent on bringing in new legislation which will negatively impact on the  market. The impact of these changes is likely to be felt from 2019 onwards. IRN Research expects the personal injury market to grow modestly in value terms between 2017 to 2018 but it will decline in 2019 as the new rules impact. Thereafter, once the new rules have bedded down, the market is likely to see renewed, modest value growth.  Underlying volumes, however, will continue to fall.

The briefing (61pp, PDF), is available directly from IRN Research, priced at £180. UK sterling price is plus VAT so total price is £216.




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UK Wills, Trusts & Probate Market 2017 – IRN Legal Market Briefing

The UK Wills, Trusts & Probate Market Briefing is thefourth in a series of annual Legal Market Briefings from IRN Research and provides an overview of the UK wills, trusts and probate market. This report has been expanded since the last, including coverage of trusts and estate administration and more detailed market size information.

Each year around 4 million adults make a will and 3.6 million handle probate/estate administration matters.  Despite this relatively large market size, it remains a largely unregulated market relative to other sectors of the law, and remains very fragmented, primarily made up of small and medium-sized solicitors and unregulated will and probate firms.

The wills, probate and trusts market is expected to see modest but steady growth in the future, supported by a rising number of deaths each year and the continuing aging of the UK population. There are a number of possible developments in the pipeline which could radically change the market.




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UK Medico-Legal and Insurance Market 2018 – IRN Legal Market Briefing

The UK Medico-Legal and Insurance Market Briefing 2018 is the second edition of an annual IRN Legal Market Briefing from IRN Research and provides an overview of the market for medico-legal and insurance services (MLIS), including profiles of companies operating in the market. This market offers two main types of services to legal services providers, insurers and employers: Medical expertise (ME), i.e. medical expert witnesses and medico-legal report writing; and Rehabilitation and allied medical services (RAMS), i.e. medical services to rehabilitate and help an injured or ill individual.

The report discusses the key drivers of the market from medical, economic and legal perspectives and profiles a number of key companies active in the industry. It analyses the size of the market and outlines how legal and other changes will shape the market in the future.

The briefing (79pp, PDF), is available directly from IRN Research, priced at £190/€213/US$264. UK sterling price is plus VAT so total price is £228.




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Travel and Tourism Market Research Reports

Ferrystat

Based on the monthly returns of all leading UK ferry operators, this market research report provides a monthly digest of passenger, car and coach traffic by route for Continental, Republic of Ireland and Domestic services. There is also an annual report included in the subscription.




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Freightstat

Monthly statistics of freight traffic on the Short Sea, Western Channel and Irish Sea ferry routes split between accompanied and unaccompanied trailers/trucks.




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UK Ferry Market

The authoritative annual report on the UK Ferry Market.




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UK Cruise Port Statistics

Annual summary of transit and turn round cruise passengers at UK Cruise Ports on behalf of CruiseBritain.

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Finance and Property Market Research Reports

Impact of Brexit on Consumer Financial Services

IRN Research map out consumer spending, income and savings for the next six years

The UK has voted for Brexit by a narrow margin. Assuming we do actually leave the EU what are the implications for consumer finance? The Impact of Brexit on Consumer Financial Services presents three scenarios for the future course of consumer incomes, spending and savings. The non-Brexit future is compared and contrasted with one where the UK negotiates an EEA-style trade arrangement with the EU and one where the UK negotiates a WTO-styles trade deal.

The market research report argues the UK will suffer economic damage because of Brexit, with most of the impact felt in 2017 and 2018, which, assuming a new trade deal is completed by 2018, will be the years of maximum economic uncertainty.

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The Accountancy Market

IRN have produced two market research reports on the accountancy market.  Both consider the market for accountancy and allied services, defined as accountancy and audit work, bookkeeping and tax consultancy. The first – the Accountancy and Allied Services Market –  shows the structure of the market and demand, the market size and trends (including an impact assessment of Brexit on the market) and looks at the largest firms and considers the key issues affecting the market at the moment. The second report – Trends in the Accountancy Market – looks at the turnover and output trends of the market since 1998 and discusses the seasonality of sales and considers recent trends in turnover.

Pension Market Landscape

A review of the UK pensions market and recent legislative changes, looking mainly at the workplace pension sectors including the impact of Auto enrolment.
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Keeping the Plates Spinning

Consumer Focus Research into Payday Lending

Below you can read the Consumer Focus report into Payday Lending, which recommended regulatory controls over the sector. The recommendations made by Consumer Focus were based on research conducted by IRN Research and Synovate.

Consumer Focus commissioned IRN Research to investigate the UK payday loan market to determine the prevalence of payday lending in the UK, and compare this to the situation in the US. IRN profiled the market in the UK and compared and contrasted business models here with those in the US

The Impact of the Retail Distribution Review

The aim of this small research report is to review how the Retail Distribution Review has impacted on the sales of investment products via advisors.  To study this subject, IRN developed econometric models to determine advised and non-advised product sales, including variables taking into account the introduction of RDR. These models were then used to assess how RDR had changed the investment landscape.

 

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