Regional law firm consolidators are outperforming other disruptive models in the market and also the biggest practices in the country, an analysis by PwC has shown.

Its UK Legal Services Market Report also found law firms outside the very biggest increasingly worried about how artificial intelligence (AI) could erode their prices.

PwC said the UK legal market was worth around £40bn in 2024 and was expected to grow at 5.1% annually until 2029.

Corporate legal services (6%) were set to grow at twice the rate of the consumer sector due to both volume – such as increased M&A activity, and new immigration and employment regulations – as well as “pricing growth”.

Now 14 years into the liberalising impact of the Legal Services Act, PwC said: “We are now witnessing a genuine diversity of busin

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