Law Firms in Texas - Industry Market Research Report

  • ID: 4578512
  • Report
  • Region: Texas
  • 25 pages
  • IBISWorld
1 of 4
Talk it out: The industry will need to deal with alternative dispute resolution methods

FEATURED COMPANIES

  • Baker Botts LLP
  • Norton Rose Fulbright
  • Vinson & Elkins LLP
  • MORE

Law Firms in Texas

Demand for the Law Firms industry in Texas has strengthened during the five-year period to 2017, supported by the robust increase in the value of initial public offerings. The steady increase in local and state government expenditure in Texas, combined with the growing number of businesses in the state, has further driven up demand. As a result, industry revenue has increased moderately. During the five-year period, the state economy has increasingly diversified. As the commercial makeup of the state has transitioned away from the traditional reliance on the oil and gas sector, the need for law services has become more obvious in the healthcare and renewable energy sectors, among others. Over the next five years, the Law Firms industry in Texas will be strongly characterized by mounting competitive constraints. Low barriers to entry will continue enabling the entry of new operators into the industry, augmenting quality- and price-based competition. Furthermore, the increased adoption of mediation and arbitration clauses in business and consumer contracts will divert some demand away from traditional law services.

This industry comprises offices of legal practitioners (known as lawyers or attorneys) in Texas who primarily practice law. Establishments provide expertise on various or specific areas of law, such as criminal, corporate, family and estate, patent, real estate or tax.

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 key players and their market shares.

Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Baker Botts LLP
  • Norton Rose Fulbright
  • Vinson & Elkins LLP
  • MORE
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Baker Botts LLP
  • Akin Gump Strauss Hauer & Feld LLP
  • Norton Rose Fulbright
  • Vinson & Elkins LLP
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll