The UK remains a global leader in exporting professional services, establishing the sector as a vital contributor to economic growth and an appealing target for M&A activity.

In recent years, the UK professional services market has consistently outperformed the wider UK economy, establishing itself as a cornerstone of post-pandemic GDP recovery and growth.

In our latest industry report, Corporate Finance Partner Nick Wallis, Associate Director Jack Bettell, Manager Jack Abrahams and Associate Daniel Westley provide a comprehensive review of the professional services sector.

The key takeaways from this report include:

• ESG reporting has been a growing focus for companies, with 62% of UK companies reporting that they actively addressed ESG risks and opportunities in 2023.
• UK professional services exports have thrived, growing by 21% in the three years to June 2024 and outpacing the 16% growth in goods exports over the same period.
• The UK legal sector remains a hub for international service trade, generating a trade surplus of £7.6 billion in 2023. These strengths reinforce the UK’s status as a global leader in professional services, cementing its appeal as a hub for international collaboration, investment, and M&A activity.
• A 2024 survey revealed that only 14% of UK companies are using AI at a strategic level, despite 85% of business leaders acknowledging its potential benefits.
• As businesses seek to streamline operations and boost productivity, the IT consulting sector is forecast to grow at an annual rate of 7% through 2027.

Download the full report here on the Gerald Edelman website.

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