Forecast: Output of Legal, Accounting, Head Offices, Management Consultancy Activities in the UK

The output of the Legal, Accounting, Head Offices, and Management Consultancy activities in the UK is forecasted to grow from £134.96 billion in 2024 to £148.12 billion in 2028. The expected year-on-year growth rates are 2.5% for 2025, 2.4% for 2026, 2.3% for 2027, and 2.2% for 2028. The compound annual growth rate (CAGR) over the five-year forecast period is around 2.35%. As of 2023, the output was approximately £131.76 billion, highlighting consistent growth in these service sectors.

Future trends to watch for include:

  • Technological advancements shaping management consultancy services.
  • Increased demand for sustainability and ESG-related advisory.
  • Continued legal reforms potentially influencing industry dynamics.
  • Brexit-related regulatory changes impacting cross-border activities.

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