Corporate Law Firms in the US - Industry Market Research Report

Legal rights: Deregulation across the economy will support industry demand

Corporate law firms in the US have enjoyed revenue growth in spite of the pandemic's challenges as strong corporate profit stimulated demand for almost all of the industry's services. The largest boon to corporate lawyers came in 2021 as the number of IPOs reached an all-time high. As drafting IPOs is one of the industry's largest revenue streams, this jump brought a surge in revenue. This revenue was especially helpful to make up for a dip the year before as COVID-19-related government assistance allowed struggling businesses to delay filing for bankruptcy, lessening demand for corporate lawyers. Still, some small firms specializing in bankruptcy were forced out of the industry. Despite some atypical volatility, industry-wide revenue has been growing at a CAGR of 0.9% over the past five years and is expected to total $160.4 billion in 2023, when revenue will rise by an estimated 3.5%.

Firms in this industry specialize in commercial law related to mergers and acquisitions, capital raisings involving debt and equity markets and activities surrounding initial public offerings, as well as legal services associated with private equity transactions that include leveraged buyouts. Corporate law firms also provide services relating to commercial litigation, including intellectual property disputes.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.