Legal Services / LPO Location Comparison Benchmark Report 2015
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1 Legal Services / LPO Location Comparison Benchmark Report 2015
2 Sector profile: Legal services office In analysing the competitiveness of locations, fdi Benchmark evaluates the key Quality factors of the selected operation. The Quality model for the 'Legal services office' sector profile categorises and weights a total of 74 data points into 21 Tier 2 sub categories, which in turn are categorised into 5 Tier 1 categories. In evaluating Quality for the 'Legal services office' sector profile, an emphasis is placed on Industry Cluster, and Labour Availability and Quality, which represent 45% and 25% of total Quality respectively. Within, Industry Cluster, the primary Tier 2 sub categories are Size of industry, Track record and Industry Specialisation, while within Industry Cluster, Experienced industry-specific staff and Non-experienced staff are the key sub categories. 10% 5% Industry Cluster 15% 45% Labour Availability and Quality General Business Environment Infrastructure and Accessibility 25% Living Environment
3 Sector profile: Legal services office Key data points The table opposite lists the top 10 Tier 3 data points (by overall weight) in the 'Legal services office' sector profile. These are essentially the most important data points in calculating the overall Quality model scores/results. Data point (Tier 3) Companies in legal services Legal services (inward FDI) Specialisation in legal services Employment in Finance and Business Services Proportion of employment in Finance and Business Services GDP (PPP, estimated) Number of international destinations served from airports Population Cost of living Index Total tax rate (% profit) Tier 2 sub category Size of industry Track record Industry Specialisation Experienced industry-specific staff Experienced industry-specific staff Economic growth and stability Access to major overseas markets Overall size of labour market Cost of living Taxation and incentives
4 Sector profile: Legal services office The model for the 'Legal services office' sector profile combines the key inputs of labour, utilities and property, based on a facility of 4,306 square feet accommodating 20 employees across 4 job titles. Job title Head count Job title Head count Legal Advisor 14 Secretary 2 Legal Manager 3 Receptionist 1 Utilities / Property Usage Office space Property 4,306 feet squared Telecoms Telecoms 147,200 Mins
5 Matrix - Legal services office The fdi Benchmark Matrix shows the Quality score across the 5 selected locations for the 'Legal services office' sector profile. The average Quality score is 100 across all the locations. Scottish Central Belt ranks 1st in Quality (out of 5 locations). Scottish Central Belt has a Quality score of ; making it 19% above the study average Quality score of 100.
6 Quality Overview These are the overview benchmarking Quality results for the Legal services office sector profile. The Quality overview is comprised of 5 Tier 1 categories. Scottish Central Belt ranks 1st overall in the Quality model with a total score of , performing best in Labour Availability and Quality (1st) and Living Environment (1st) whilst also ranking relatively strongly in Industry Cluster (2nd). Scottish Central Belt's score is 19% higher than the average score of 100. Tier 1 category Weight Scottish Central Belt Industry Cluster 45% 2nd Labour Availability and Quality 25% 1st General Business Environment 15% 3rd Infrastructure and Accessibility 10% 3rd Living Environment 5% 1st
7 Quality Overview - Chart The chart shows the breakdown of the Quality results by Tier 1 category. Scottish Central Belt Belfast Manchester Birmingham Industry Cluster Labour Availability an... General Business Envir... Infrastructure and Acc... Living Environment Leeds
8 Quality Overview - Scores The table below shows the total score of each location with a breakdown by Tier 1 category. Location Rank Total score Industry Cluster Scottish Central Belt Labour Availability and Quality General Business Environment Infrastructure and Accessibility Living Environment 1st Belfast 2nd Manchester 3rd Birmingham 4th Leeds 5th
9 Quality Overview - Rankings The table below shows the rank of each location with a breakdown by Tier 1 category. Location Rank Total score Industry Cluster Scottish Central Belt Labour Availability and Quality General Business Environment Infrastructure and Accessibility Living Environment 1st nd 1st 3rd 3rd 1st Belfast 2nd st 5th 5th 5th 5th Manchester 3rd rd 3rd 2nd 1st 3rd Birmingham 4th th 2nd 4th 2nd 2nd Leeds 5th th 4th 1st 4th 4th
10 Industry Cluster These are the benchmarking Quality results of Tier 1 category Industry Cluster for the Legal services office sector profile. Industry Cluster is broken down into 4 Tier 2 sub categories. Scottish Central Belt ranks 2nd overall in Industry Cluster with a total score of 58.31, performing best in Size of industry (1st) and Export competitiveness (1st) whilst also ranking relatively strongly in Industry Specialisation (2nd). Scottish Central Belt's score is 30% higher than the average score of 45. Tier 2 sub category Weight Scottish Central Belt Size of industry 50% 1st Track record 25% 4th Industry Specialisation 20% 2nd Export competitiveness 5% 1st
11 Industry Cluster - Chart The chart shows the breakdown of Industry Cluster by Tier 2 sub category. Belfast Scottish Central Belt Manchester Birmingham Size of industry Track record Industry Specialisation Export competitiveness Leeds
12 Industry Cluster - Scores The table below shows the total score of each location with a breakdown by Tier 2 sub category. Location Rank Total score Size of industry Track record Industry Specialisation Export competitiveness Belfast 1st Scottish Central Belt 2nd Manchester 3rd Birmingham 4th Leeds 5th
13 Industry Cluster - Rankings The table below shows the rank of each location with a breakdown by Tier 2 sub category. Location Rank Total score Size of industry Track record Industry Specialisation Export competitiveness Belfast 1st th 1st 1st 1st Scottish Central Belt 2nd st 4th 2nd 1st Manchester 3rd nd 2nd 3rd 1st Birmingham 4th rd 3rd 4th 1st Leeds 5th th 5th 5th 1st
14 Labour Availability and Quality These are the benchmarking Quality results of Tier 1 category Labour Availability and Quality for the Legal services office sector profile. Labour Availability and Quality is broken down into 6 Tier 2 sub categories. Scottish Central Belt ranks 1st overall in Labour Availability and Quality with a total score of 29.84, performing best in Overall size of labour market (1st), Non-experienced staff (1st) and Flexibility of labour regulations (1st) whilst also ranking relatively strongly in Experienced industry-specific staff (2nd) and Skills, attitudes and productivity (2nd). Scottish Central Belt's score is 19% higher than the average score of 25. Tier 2 sub category Weight Scottish Central Belt Experienced industry-specific staff 50% 2nd Non-experienced staff 20% 1st Skills, attitudes and productivity 10% 2nd Overall size of labour market 10% 1st Tightness and competition for labour 5% 4th Flexibility of labour regulations 5% 1st
15 Labour Availability and Quality - Chart The chart shows the breakdown of Labour Availability and Quality by Tier 2 sub category. Scottish Central Belt Birmingham Manchester Leeds Experienced industry-s... Non-experienced staff Skills, attitudes and... Overall size of labour... Tightness and competit... Flexibility of labour... Belfast
16 Labour Availability and Quality - Scores The table below shows the total score of each location with a breakdown by Tier 2 sub category. Location Rank Total score Scottish Central Belt Experienced industryspecific staff Nonexperienced staff Skills, attitudes and productivity Overall size of labour market Tightness and competition for labour Flexibility of labour regulations 1st Birmingham 2nd Manchester 3rd Leeds 4th Belfast 5th
17 Labour Availability and Quality - Rankings The table below shows the rank of each location with a breakdown by Tier 2 sub category. Location Rank Total score Scottish Central Belt Experienced industryspecific staff Nonexperienced staff Skills, attitudes and productivity Overall size of labour market Tightness and competition for labour Flexibility of labour regulations 1st nd 1st 2nd 1st 4th 1st Birmingham 2nd st 4th 3rd 2nd 1st 1st Manchester 3rd rd 3rd 1st 3rd 2nd 1st Leeds 4th th 5th 4th 4th 3rd 1st Belfast 5th th 2nd 5th 5th 5th 1st
18 General Business Environment These are the benchmarking Quality results of Tier 1 category General Business Environment for the Legal services office sector profile. General Business Environment is broken down into 5 Tier 2 sub categories. Scottish Central Belt ranks 3rd overall in General Business Environment with a total score of 15.47, performing best in Operating risk (1st), Taxation and incentives (1st), Access to finance (1st) and Regulatory environment (1st). Scottish Central Belt's score is 3% higher than the average score of 15. Tier 2 sub category Weight Scottish Central Belt Economic growth and stability 35% 3rd Operating risk 20% 1st Taxation and incentives 20% 1st Regulatory environment 20% 1st Access to finance 5% 1st
19 General Business Environment - Chart The chart shows the breakdown of General Business Environment by Tier 2 sub category. Leeds Manchester Scottish Central Belt Birmingham Economic growth and st... Operating risk Taxation and incentives Regulatory environment Access to finance Belfast
20 General Business Environment - Scores The table below shows the total score of each location with a breakdown by Tier 2 sub category. Location Rank Total score Economic growth and stability Operating risk Taxation and incentives Regulatory environment Access to finance Leeds 1st Manchester 2nd Scottish Central Belt 3rd Birmingham 4th Belfast 5th
21 General Business Environment - Rankings The table below shows the rank of each location with a breakdown by Tier 2 sub category. Location Rank Total score Economic growth and stability Operating risk Taxation and incentives Regulatory environment Access to finance Leeds 1st st 1st 1st 1st 1st Manchester 2nd nd 1st 1st 1st 1st Scottish Central Belt 3rd rd 1st 1st 1st 1st Birmingham 4th th 1st 1st 1st 1st Belfast 5th th 1st 1st 1st 1st
22 Infrastructure and Accessibility These are the benchmarking Quality results of Tier 1 category Infrastructure and Accessibility for the Legal services office sector profile. Infrastructure and Accessibility is broken down into 4 Tier 2 sub categories. Scottish Central Belt ranks 3rd overall in Infrastructure and Accessibility with a total score of 9.69, performing best in Quality of local infrastructure (1st) and Quality of utilities (1st). Scottish Central Belt's score is 3% lower than the average score of 10. Tier 2 sub category Weight Scottish Central Belt Access to major overseas markets 50% 3rd Quality of local infrastructure 30% 1st Quality of ICT infrastructure 15% 5th Quality of utilities 5% 1st
23 Infrastructure and Accessibility - Chart The chart shows the breakdown of Infrastructure and Accessibility by Tier 2 sub category. Manchester Birmingham Scottish Central Belt Leeds Access to major overse... Quality of local infra... Quality of ICT infrast... Quality of utilities Belfast
24 Infrastructure and Accessibility - Scores The table below shows the total score of each location with a breakdown by Tier 2 sub category. Location Rank Total score Access to major overseas markets Quality of local infrastructure Quality of ICT infrastructure Quality of utilities Manchester 1st Birmingham 2nd Scottish Central Belt 3rd Leeds 4th Belfast 5th
25 Infrastructure and Accessibility - Rankings The table below shows the rank of each location with a breakdown by Tier 2 sub category. Location Rank Total score Access to major overseas markets Quality of local infrastructure Quality of ICT infrastructure Quality of utilities Manchester 1st st 4th 2nd 1st Birmingham 2nd nd 4th 4th 1st Scottish Central Belt 3rd rd 1st 5th 1st Leeds 4th th 3rd 2nd 1st Belfast 5th 8.3 5th 2nd 1st 1st
26 Living Environment These are the benchmarking Quality results of Tier 1 category Living Environment for the Legal services office sector profile. Living Environment is broken down into 2 Tier 2 sub categories. Scottish Central Belt ranks 1st overall in Living Environment with a total score of 5.27, ranking 1st in Attractiveness for international staff. Scottish Central Belt's score is 5% higher than the average score of 5. Tier 2 sub category Weight Scottish Central Belt Cost of living 50% 5th Attractiveness for international staff 50% 1st
27 Living Environment - Chart The chart shows the breakdown of Living Environment by Tier 2 sub category. Scottish Central Belt Birmingham Manchester Cost of living Attractiveness for int... Leeds Belfast
28 Living Environment - Scores The table below shows the total score of each location with a breakdown by Tier 2 sub category. Location Rank Total score Scottish Central Belt Cost of living Attractiveness for international staff 1st Birmingham 2nd Manchester 3rd Leeds 4th Belfast 5th
29 Living Environment - Rankings The table below shows the rank of each location with a breakdown by Tier 2 sub category. Location Rank Total score Cost of living Attractiveness for international staff Scottish Central Belt 1st th 1st Birmingham 2nd nd 2nd Manchester 3rd 5 4th 3rd Leeds 4th rd 4th Belfast 5th st 5th
30 Disclaimer: This report was automatically created by fdi Benchmark using the criteria selected by the user. Whilst care has been taken in programming the analysis and presentation of data, anomalies may occur. The Financial Times Ltd accepts no responsibility for the completeness, accuracy or otherwise of the content of the report. The report does not constitute any form of advice, recommendation, representation or endorsement and is not intended to be relied on in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision. Any information received through fdi Benchmark may have ceased to be current at the time it is received.
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