Law Firms in Massachusetts - Industry Market Research Report

  • ID: 4578566
  • Report
  • Region: Massachusetts
  • 21 pages
  • IBISWorld
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By the book: Increases in corporate profit will boost industry demand

FEATURED COMPANIES

  • Goodwin Procter LLP
  • Ropes & Gray LLP
  • MORE

Law Firms in Massachusetts

The Law Firms industry in Massachusetts has been growing steadily over the five years to 2018. The diversity of demand and the necessity of services provided by operators has contributed to the industry's steady performance. However, growth has been mitigated by the proliferation of less expensive, oftentimes free, online legal aid and resources, as well as large corporations switching to in-house lawyers rather than outsourcing. Over the five years to 2023, revenue is forecast to increase. The number of businesses in Massachusetts is anticipated to grow at a faster rate than the previous five-year period. Additionally, overall increases in corporate profit and initial public offerings at the national level are expected to propel demand.

This industry comprises offices of legal practitioners, known as lawyers or attorneys, who primarily practice law in Massachusetts. Establishments provide expertise on a range of areas 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
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FEATURED COMPANIES

  • Goodwin Procter LLP
  • Ropes & Gray 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
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  • Ropes & Gray LLP
  • Goodwin Procter LLP
  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • Wilmer Cutler Pickering Hale and Dorr LLP
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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