Legal Services - Procurement Market Intelligence Report 2016-2020

  • ID: 3987661
  • Report
  • 70 pages
  • TechNavio
1h Free Analyst Time

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FEATURED COMPANIES

  • Allen & Overy
  • Baker & McKenzie
  • Clifford Chance
  • DLA Piper
  • Latham & Watkins
  • MORE
About Legal Services

Legal services involve the provision of advisory and technical assistance or representational services pertaining to legal disciplines. These services are offered by professionals practicing law in various verticals of the legal spectrum, including corporate, labor, intellectual property, administrative, real estate, international trade, industrial, bankruptcy, and taxation law.

The procurement specialist forecast the legal services market to grow at a CAGR of 2.8% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the legal services market for 2016-2020. The report contains a comprehensive market and supplier landscape in addition to a SWOT analysis of the key suppliers.

The market is divided into the following segments based on geography:
- Americas
- Europe
- APAC
- Middle East and Africa

The report, Legal Services Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key suppliers operating in this market.

Key suppliers
- Baker & McKenzie
- DLA Piper
- Latham & Watkins
- Clifford Chance
- Allen & Overy

Market drivers
- Increased focus by firms on expansion activities in untapped markets
- For a full, detailed list, view the full report

Market challenges
- Decreasing cash flow due to adoption of fixed-fee model
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key suppliers in this market space?
- What are the market opportunities and threats faced by the key suppliers?
- What are the strengths and weaknesses of the key suppliers?

You can request one free hour of our procurement specialist’s time when you purchase this market report. Details are provided within the report.
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FEATURED COMPANIES

  • Allen & Overy
  • Baker & McKenzie
  • Clifford Chance
  • DLA Piper
  • Latham & Watkins
  • MORE
Part 1: SUMMARY
  • Research Objectives and Methodology
  • Category Definition
Part 2: CATEGORY OVERVIEW
  • Market overview
  • Preferred Procurement Models and Major Service Providers
  • Cost Saving Opportunities
  • Major Category Requirements
  • Major Procurement Pain Points
Part 3: MARKET INSIGHTS
  • Category Spend Analysis
  • Demand-Supply Shifts
  • Key Market Developments
  • Key Category Growth Drivers
  • Major Category Growth Constraints
  • Procurement Best Practices
  • History of Innovation
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • SWOT Analysis
  • PESTLE Analysis
Part 4: SUPPLY MARKET INSIGHTS
  • Supplier Operational Capability Matrix – Legal Services
  • Supplier Functional Capability Matrix – Legal Services
  • Key Clients
  • Supplier Operational Capability Matrix – LPO Services
  • Supplier functional Capability Matrix– LPO Services
  • Supplier Cost Breakup
  • Supplier Positioning Matrix – Legal Service Providers
  • Supplier Positioning Matrix – LPO Service Providers
  • Supplier Selection Criteria
Part 5: PRICING INSIGHTS
  • Pricing Models Snapshot
  • Pricing Models – Pros and Cons
  • Pricing – Legal Service Providers
  • Category Negotiation Strategies
Part 6: CATEGORY ESSENTIALS
  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis
  • Category Sourcing Evolution Matrix
Part 7: TOP FIVE SUPPLIERS
  • Baker & McKenzie
  • DLA Piper
  • Latham & Watkins
  • Clifford Chance
  • Allen & Overy
Part 8: APPENDIX
  • Glossary
  • About Us
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FEATURED COMPANIES

  • Allen & Overy
  • Baker & McKenzie
  • Clifford Chance
  • DLA Piper
  • Latham & Watkins
  • MORE
New procurement market intelligence report released: – Legal Services 2016-2020

The author of the report recognizes the following companies as the key suppliers in the legal services market: Baker & McKenzie, DLA Piper, Latham & Watkins, Clifford Chance, and Allen & Overy.

Commenting on the report, a procurement specialist from the team said: “Advancements in technology have brought about changes in the workflows of legal service providers. Technology facilitates a higher level of efficiency, reduces spending, and enhances value-addition for clients.”

Further, the report states that the Legal Services Act in UK has opened the market for service providers, such as EY, which are introducing legal services to complement their existing offerings. Thus, with the emergence of non-lawyer providers (non-traditional players), the legal services market is witnessing increase in competition. This is driving service providers to lower prices, which is cutting into their profit margins.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and supplier landscape in addition to a SWOT analysis of the key suppliers.
Note: Product cover images may vary from those shown
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  • Baker & McKenzie
  • DLA Piper
  • Latham & Watkins
  • Clifford Chance
  • Allen & Overy
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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