The market bounced back in 2015, after a weak performance in 2014 following the reductions in legal aid, and continued to grow in 2016 and 2017. In 2018, the value of the market grew by an estimated 3.8%, a slightly higher level than the 3.2% recorded in 2017.
The UK family law market value is forecast to increase steadily over the next five years. While divorce cases are expected to increase in 2018, we are anticipating a longer term decline in divorce cases but growth is likely to come from some rises in legal costs, and work in other areas, e.g. legal work for co-habitating couples/civil partnerships, Children Act work, domestic violence work.
The briefing (47pp, PDF), is available directly from IRN Research, priced at £200. UK sterling price is plus VAT so total price is £240.