90% Micro
9% Small
1% Mid
0% Large
0% Mega
INSIGHTS - OCTOBER 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
75,010
Annual Sales
£25bn +
Employees
314,664
Economic Contribution
£11bn
Tags
Location of Legal & Accounting Companies
Legal & Accounting Companies by Size
Largest Legal & Accounting Companies
Turnover
Deloitte Mcs Limited
£1.5bn
Legal & Accounting Companies by Age
35% Established
30% Young
20% Startup
14% Mature
2% New
Oldest Legal & Accounting Companies
Established
Fastest Growing Legal & Accounting Companies
37% Declining
20% Healthy
18% Rapid
15% High
10% 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 75,010 active Businesses in the UK with combined annual sales of £25 billion .
The Industry employs around 314,663 people and contributes £11 billion to the economy.
The most popular location for Legal & Accounting companies is London with 22,139 and the fewest are located in Northern Ireland with 992.
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.
14% of the Legal & Accounting Industry is made up of 14% Mature but the majority are Established businesses (35%) the oldest company is Plymouth Law Society founded in 1871.
Legal & Accounting industry has a number of high growth companies (15%), the fastest growing company is Ciessem Investments Limited with a 3 year growth rate of 69%. Other fast growing companies include Zedra Global Services (Uk) Limited (62%), Workwell People Solutions Limited (56%) and Asra Construction Services Limited (49%).
The UK Legal & Accounting Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 9.87x, Turnover multiple of 1.88x and a Net Asset multiple of 2.83x.
