90% Micro
9% Small
1% Mid
0% Large
0% Mega
INSIGHTS - APRIL 2024
UK Legal & Accounting Industry
UK Legal & Accounting Industry Information
The legal and accounting industry includes providers of legal representation, advice and preparation of legal documents as well as activities of notaries, bailiffs and arbitrators. Accounting includes the auditing, preparation of financial statements and bookkeeping.
Active Businesses
73,906
Annual Sales
£25bn +
Employees
317,628
Economic Contribution
£11bn
Tags
Location of Legal & Accounting Companies
Legal & Accounting Companies by Size
Legal & Accounting Companies by Age
36% Established
31% Young
18% Startup
15% Mature
0% New
Oldest Legal & Accounting Companies
Established
Fastest Growing Legal & Accounting Companies
39% Declining
19% Healthy
18% Rapid
14% High
11% Low
Fastest Growing Legal & Accounting Companies
3yr CAGR
Legal & Accounting Industry Competitive Environment - New Entrants vs Leavers
Legal & Accounting Industry Valuation
EBITDA Multiple
Legal & Accounting Industry Valuation
Turnover Multiple
Legal & Accounting Industry Valuation
Net Asset Multiple
Note - from March 2020 multiples are calculated monthly, prior to this they were calculated on an annual basis.
UK Legal and accounting activities Industry Insights
There are 73,906 active Businesses in the UK with combined annual sales of £25 billion .
The Industry employs around 317,627 people and contributes £11 billion to the economy.
The most popular location for Legal & Accounting companies is London with 21,675 and the fewest are located in Northern Ireland with 973.
The largest Legal & Accounting company is Ey Global Services Limited with a turnover of £2.6bn. 90% of the industry is comprised of Micro companies with only 1% Mid companies.
15% of the Legal & Accounting Industry is made up of 15% Mature but the majority are Established businesses (36%) the oldest company is Manchester Law Society(the) founded in 1871.
Legal & Accounting industry has a number of high growth companies (14%), the fastest growing company is Lucky Win Limited with a 3 year growth rate of 91%. Other fast growing companies include Ciessem Investments Limited (85%), Slater And Gordon Scotland Limited (79%) and Jsa Services Limited (74%).
The UK Legal & Accounting Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 10.90x, Turnover multiple of 2.21x and a Net Asset multiple of 2.46x.
