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

75,087

Annual Sales

£25bn +

Employees

314,173

Economic Contribution 

£11bn

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Location of Legal & Accounting Companies

Legal & Accounting Companies by Size

90% Micro

9% Small

1% Mid

0% Large

0% Mega

Legal & Accounting Companies by Age

35% Established

29% Young

20% Startup

14% Mature

2% New

Fastest Growing Legal & Accounting Companies

38% Declining

20% Healthy

17% Rapid

14% High

10% Low

Legal & Accounting Industry Competitive Environment - New Entrants vs Leavers

Legal & Accounting Industry Valuation

EBITDA Multiple

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Legal & Accounting Industry Valuation

Turnover Multiple

Data only available to Pomanda Pro subscribers.

Legal & Accounting Industry Valuation

Net Asset Multiple

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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 75,087 active Businesses in the UK with combined annual sales of £25 billion .

The Industry employs around 314,173 people and contributes £11 billion to the economy.

The most popular location for Legal & Accounting companies is London with 22,163 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 (14%), the fastest growing company is C4j Ltd with a 3 year growth rate of 93%. Other fast growing companies include Ciessem Investments Limited (69%), Zedra Global Services (Uk) Limited (62%) and Workwell People Solutions Limited (56%).

The UK Legal & Accounting Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 9.89x, Turnover multiple of 1.95x and a Net Asset multiple of 2.75x.