+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
New

B2B Legal Services Global Market Report 2024

  • PDF Icon

    Report

  • 250 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5733756

Quick Summary:

In an increasingly complex and fluid global business environment, the need for reliable, result-oriented legal services is paramount. As such, the global B2B legal services market provide indispensable services that navigate complex legalities and drive the successful operation of businesses. Offering crucial assistance in matters ranging from civil lawsuits, mergers and acquisitions, business transactions, and more, these services are the essential partner for corporations, government institutions, SMEs, and high net-worth individuals.

The surge in global mergers and acquisitions emphasises the growing demand for B2B legal services, positioning this market for amplified growth. However, challenges such as the shortage of skilled workforce do exist, necessitating strategic decision-making for potential investors. Market trends such as the increasing adoption of blockchain technology in legal services spotlight the industry's forward-gearing momentum. In short, the report on the global B2B legal services market promises comprehensive insights that ensure informed, strategic investment decisions.

The b2b legal services market size has grown steadily in recent years. It will grow from $436.17 billion in 2023 to $452.83 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The expansion witnessed during the historic period can be ascribed to factors such as contract management, dispute resolution, regulatory compliance, globalization, and cross-border transactions, as well as risk management.

The b2b legal services market size is expected to see steady growth in the next few years. It will grow to $544.88 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The anticipated growth in the forecast period can be attributed to factors such as legal tech and automation, the evolving regulatory landscape, a heightened focus on ESG (environmental, social, governance), increased M&A activities, and challenges in international trade. Noteworthy trends expected in the forecast period encompass data privacy and cybersecurity, technological integration, the rise of virtual law firms and remote services, specialization in niche industries, and the adoption of alternative fee arrangements.

The anticipated surge in cybercrime cases is expected to propel the expansion of the business-to-business (B2B) legal services market. Cybercrime, involving criminal activities conducted through computers, networks, and the internet, carries severe consequences such as financial losses, damage to reputations, and legal penalties. B2B legal services, which handle and share extensive private data, financial information, and personal details such as credit card numbers, are becoming prime targets for cyber-attacks. For instance, the Australian Cyber Security Centre reported a significant increase in cybercrime reports, reaching 76,000 in February 2023, up by 13% from 2020. Consequently, the growing number of cybercrime incidents is a driving force behind the expansion of the B2B legal services market.

The industry is confronted with a shortage of skilled workforce, which is poised to hamper the B2B legal services market. This shortage leads to a high turnover rate, ineffective staff management, increased business expenses, and customer loss. A 2021 study by The Lawyer revealed that 58% of legal organizations are currently feeling the impact of a lack of competent workers. The scarcity of qualified personnel diminishes the effectiveness of firms and adversely affects the B2B legal services market.

Legal service firms are leveraging blockchain technology to establish a secure and transparent method for transactions. Blockchain, an open and distributed ledger, efficiently records transactions between two entities or companies in a permanent manner. According to a study by WebFX Inc., 41% of law firms are expected to incorporate blockchain in transactional legal services. Smart contracts, created digitally and verifiable on the blockchain, enable lawyers to spend more time on legal advising rather than drafting documents. Chainlink, a startup, has developed technology that enhances smart contracts by relying on data from multiple sources. The adoption of blockchain and smart contracts brings several advantages, including secure transactions, transparent records, reduced paperwork, and more time for client advising.

Major companies in the B2B legal services market are introducing innovative products such as LZ Books to offer reliable services. LZ Books, a B2B legal services product designed for legal and accounting advisors, was launched by LegalZoom.com Inc. in April 2023. This accounting software tailored for small business owners includes features such as expense and income tracking, invoicing, and payment management. Users can connect their bank accounts to automate the categorization of income and expenses, simplifying bookkeeping.

In March 2023, PricewaterhouseCoopers International Limited (PwC), a UK-based professional services network providing B2B legal services, formed a partnership with Harvey. This collaboration enables PwC to offer legal business solutions and assist clients in streamlining their in-house legal processes. Harvey, a US-based AI-powered legal startup, specializes in providing generative AI for elite law firms.

Major companies operating in the b2b legal services market report are Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers International Limited, KPMG International Cooperative, Kirkland & Ellis LLP, Latham & Watkins LLP, Dentons Corporation, DLA Piper, Baker McKenzie, Skadden Arps Slate Meagher & Flom LLP, Sidley Austin LLP, White & Case LLP, Morgan Lewis & Bockius LLP, Jones Day, Linklaters LLP, Hogan Lovells International LLP, Clifford Chance LLP, Freshfields Bruckhaus Deringer LLP, Norton Rose Fulbright, Mayer Brown, Sullivan & Cromwell LLP, Covington & Burling LLP, Reed Smith LLP, Cleary Gottlieb Steen & Hamilton LLP, Wilmer Cutler Pickering Hale and Dorr LLP, Shearman & Sterling LLP, Allen & Overy LLP, Debevoise & Plimpton LLP, LegalZoom.com Inc., Clasen Law, Belenky Law Firm PLLC, Paul Weiss Rifkind Wharton & Garrison LLP, Gibson Dunn & Crutcher LLP, Fried Frank Harris Shriver & Jacobson LLP, Simpson Thacher & Bartlett LLP, Davis Polk & Wardwell LLP.

North America was the largest region in the b2b legal services market in 2023. Western Europe was the second largest region in global b2b legal services market report. The regions covered in the b2b legal services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the b2b legal services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of B2B legal services include civil or criminal matters, mergers and acquisitions, business transactions, and others. Mergers and acquisitions involve the collaboration of two companies, with a merger forming a new corporate entity when two companies of comparable size join forces. In contrast, an acquisition occurs when a larger corporation absorbs a smaller company, assimilating its business. These legal services are segmented based on the size of law firms, encompassing both large and small practices. They cater to a diverse clientele, including listed corporations, government institutions, small and medium-sized enterprises, high-net-worth individuals, and others.

The B2B legal services market research report is one of a series of new reports that provides B2B legal services market statistics, including B2B legal services industry global market size, regional shares, competitors with B2B legal services market share, detailed B2B legal services market segments, market trends, and opportunities, and any further data you may need to thrive in the B2B legal services industry. This B2B legal services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The B2B legal services market consists of revenue earned by entities by providing services such as advising corporate clients on the body of law that governs disputes between businesses and representing corporate clients in civil cases, business transactions and other matters in which legal advice and other assistance are sought. Civil laws deal with disputes between private parties such as defamation, professional negligence, inheritance, breach of contract, property disputes and others. This segment excludes legal services offered during disputes between businesses and individuals. B2B legal services are usually provided by commercial law firms. Clients of commercial law firms include listed corporations, government institutions, small and medium-sized enterprises and high net worth individuals. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Frequently Asked Questions about the Global B2B Legal Services Market

What is the estimated value of the Global B2B Legal Services Market?

The Global B2B Legal Services Market was estimated to be valued at $452.83 Billion in 2024.

What is the growth rate of the Global B2B Legal Services Market?

The growth rate of the Global B2B Legal Services Market is 4.7%, with an estimated value of $544.88 Billion by 2028.

What is the forecasted size of the Global B2B Legal Services Market?

The Global B2B Legal Services Market is estimated to be worth $544.88 Billion by 2028.

Who are the key companies in the Global B2B Legal Services Market?

Key companies in the Global B2B Legal Services Market include Aktiebolaget Volvo, Glencore plc, Hitachi Ltd., Broken Hill Proprietary Company Limited, Caterpillar Inc., Rio Tinto Company Limited, Vale S.A., Suncor Energy Inc., Anglo American plc and ABB Ltd..

Table of Contents

1. Executive Summary2. B2B Legal Services Market Characteristics3. B2B Legal Services Market Trends and Strategies
4. B2B Legal Services Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global B2B Legal Services Market Size and Growth
5.1. Global B2B Legal Services Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global B2B Legal Services Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global B2B Legal Services Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. B2B Legal Services Market Segmentation
6.1. Global B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Civil or Criminal
  • Mergers and Acquisitions
  • Business Transactions
  • Other Services
6.2. Global B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Large law firms
  • SME law firms
6.3. Global B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Listed Corporations
  • Government Institutions
  • Small and Medium-sized Enterprises
  • High Net worth Individuals
  • Other End-Users
7. B2B Legal Services Market Regional and Country Analysis
7.1. Global B2B Legal Services Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global B2B Legal Services Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific B2B Legal Services Market
8.1. Asia-Pacific B2B Legal Services Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China B2B Legal Services Market
9.1. China B2B Legal Services Market Overview
9.2. China B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India B2B Legal Services Market
10.1. India B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan B2B Legal Services Market
11.1. Japan B2B Legal Services Market Overview
11.2. Japan B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia B2B Legal Services Market
12.1. Australia B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia B2B Legal Services Market
13.1. Indonesia B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea B2B Legal Services Market
14.1. South Korea B2B Legal Services Market Overview
14.2. South Korea B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe B2B Legal Services Market
15.1. Western Europe B2B Legal Services Market Overview
15.2. Western Europe B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK B2B Legal Services Market
16.1. UK B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany B2B Legal Services Market
17.1. Germany B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France B2B Legal Services Market
18.1. France B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy B2B Legal Services Market
19.1. Italy B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain B2B Legal Services Market
20.1. Spain B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe B2B Legal Services Market
21.1. Eastern Europe B2B Legal Services Market Overview
21.2. Eastern Europe B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia B2B Legal Services Market
22.1. Russia B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America B2B Legal Services Market
23.1. North America B2B Legal Services Market Overview
23.2. North America B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA B2B Legal Services Market
24.1. USA B2B Legal Services Market Overview
24.2. USA B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada B2B Legal Services Market
25.1. Canada B2B Legal Services Market Overview
25.2. Canada B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America B2B Legal Services Market
26.1. South America B2B Legal Services Market Overview
26.2. South America B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil B2B Legal Services Market
27.1. Brazil B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East B2B Legal Services Market
28.1. Middle East B2B Legal Services Market Overview
28.2. Middle East B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa B2B Legal Services Market
29.1. Africa B2B Legal Services Market Overview
29.2. Africa B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. B2B Legal Services Market Competitive Landscape and Company Profiles
30.1. B2B Legal Services Market Competitive Landscape
30.2. B2B Legal Services Market Company Profiles
30.2.1. Deloitte Touche Tohmatsu Limited
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. PricewaterhouseCoopers International Limited
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. KPMG International Cooperative
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Kirkland & Ellis LLP
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Latham & Watkins LLP
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. B2B Legal Services Market Other Major and Innovative Companies
31.1. Dentons Corporation
31.2. DLA Piper
31.3. Baker McKenzie
31.4. Skadden Arps Slate Meagher & Flom LLP
31.5. Sidley Austin LLP
31.6. White & Case LLP
31.7. Morgan Lewis & Bockius LLP
31.8. Jones Day
31.9. Linklaters LLP
31.10. Hogan Lovells International LLP
31.11. Clifford Chance LLP
31.12. Freshfields Bruckhaus Deringer LLP
31.13. Norton Rose Fulbright
31.14. Mayer Brown
31.15. Sullivan & Cromwell LLP
32. Global B2B Legal Services Market Competitive Benchmarking33. Global B2B Legal Services Market Competitive Dashboard34. Key Mergers and Acquisitions in the B2B Legal Services Market
35. B2B Legal Services Market Future Outlook and Potential Analysis
35.1 B2B Legal Services Market in 2028 - Countries Offering Most New Opportunities
35.2 B2B Legal Services Market in 2028 - Segments Offering Most New Opportunities
35.3 B2B Legal Services Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

B2B Legal Services Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on b2b legal services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for b2b legal services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Service Type: Civil or Criminal; Mergers and Acquisitions; Business Transactions; Other Services
2) By Size of Law Firm: Large law firms; SME law firms
3) By End-user: Listed Corporations; Government Institutions; Small and Medium-sized Enterprises; High Net worth Individuals; Other End-Users

Key Companies Mentioned: Deloitte Touche Tohmatsu Limited; PricewaterhouseCoopers International Limited; KPMG International Cooperative; Kirkland & Ellis LLP; Latham & Watkins LLP

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Deloitte Touche Tohmatsu Limited
  • PricewaterhouseCoopers International Limited
  • KPMG International Cooperative
  • Kirkland & Ellis LLP
  • Latham & Watkins LLP
  • Dentons Corporation
  • DLA Piper
  • Baker McKenzie
  • Skadden Arps Slate Meagher & Flom LLP
  • Sidley Austin LLP
  • White & Case LLP
  • Morgan Lewis & Bockius LLP
  • Jones Day
  • Linklaters LLP
  • Hogan Lovells International LLP
  • Clifford Chance LLP
  • Freshfields Bruckhaus Deringer LLP
  • Norton Rose Fulbright
  • Mayer Brown
  • Sullivan & Cromwell LLP
  • Covington & Burling LLP
  • Reed Smith LLP
  • Cleary Gottlieb Steen & Hamilton LLP
  • Wilmer Cutler Pickering Hale and Dorr LLP
  • Shearman & Sterling LLP
  • Allen & Overy LLP
  • Debevoise & Plimpton LLP
  • LegalZoom.com Inc.
  • Clasen Law
  • Belenky Law Firm PLLC
  • Paul Weiss Rifkind Wharton & Garrison LLP
  • Gibson Dunn & Crutcher LLP
  • Fried Frank Harris Shriver & Jacobson LLP
  • Simpson Thacher & Bartlett LLP
  • Davis Polk & Wardwell LLP

Methodology

Loading
LOADING...