The European Production Value of Legal Services in 2023 highlighted the United Kingdom leading the market, though growth was moderate at 0.5%. Germany and France followed, with Germany showing a more substantial growth of 1.84%. Notable growth was recorded in Switzerland at 7.75%, Ireland at 5.9%, and Finland at 4.15%. Meanwhile, Italy, Iceland, and Croatia experienced declines. Romania had the most significant growth at 10.09%, albeit from a smaller market size. Noteworthy increases were also seen in Belgium, Greece, and Slovakia.
Future trends to watch include:
- Potential growth in Eastern European countries like Romania and Bulgaria as legal markets expand.
- The robust growth of Switzerland might attract more investments.
- Developments in larger markets such as the UK and Germany, which might stabilize.
Top countries in Production Value of Legal Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 22.27 | 2023 | +0.57% | +0.5% | View data |
| 2 | 2 Germany | 17.44 | 2023 | +3.05% | +1.84% | View data |
| 3 | 3 France | 16.36 | 2023 | +2.35% | +1% | View data |
| 4 | 4 Italy | 9.51 | 2023 | +0.42% | -0.19% | View data |
| 5 | 5 Spain | 6.17 | 2023 | +1.03% | +0.91% | View data |
| 6 | 6 Belgium | 5.02 | 2023 | +3.88% | +4.75% | View data |
| 7 | 7 Netherlands | 4.64 | 2023 | +2.47% | +2.78% | View data |
| 8 | 8 Switzerland | 2.93 | 2023 | +0.91% | +7.75% | View data |
| 9 | 9 Poland | 2.36 | 2023 | +4.07% | +2.86% | View data |
| 10 | 10 Ireland | 1.93 | 2023 | +1.94% | +5.9% | View data |
