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Legal Services Global Market Opportunities And Strategies To 2023

  • ID: 4856601
  • Report
  • November 2019
  • Region: Global
  • 406 Pages
  • The Business Research Company
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The Global Legal Services Market Reached a Value of Nearly $766.3 Billion in 2019

FEATURED COMPANIES

  • Advokatfirman Vinge KB
  • Bitala & Co Advocates
  • Cravath Swaine & Moore
  • Fidal
  • Kirkland & Ellis
  • Osler
  • MORE

Legal Services Global Market Opportunities And Strategies To 2023 report from the author provides the strategists, marketers and senior management with the critical information they need to assess the legal services market.

Reasons to Purchase

  • Outperform competitors using accurate up to date demand-side dynamics information.
  • Identify growth segments for investment.
  • Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.
  • Create regional and country strategies on the basis of local data and analysis.
  • Stay abreast of the latest customer and market research findings
  • Benchmark performance against key competitors.
  • Develop strategies based on likely future developments.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Gain a global perspective on the development of the market.

Description:
Where is the largest and fastest growing market for the legal services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global legal services market report to 2023 report from the author answers all these questions and many more.

The report covers the following chapters
1. Executive Summary - The executive summary section of the report gives a brief overview and summary of the report.
2. Report Structure - This section gives the structure of the report and the information covered in the various sections.
3. Market Characteristics - The market characteristics section of the report defines and explains the legal services market. This chapter includes different products covered in the report and basic definitions.
4. Supply Chain - The supply chain section of the report defines and explains the key players in the legal services industry supply chain.
5. Product Analysis - The product analysis section of the report describes the leading products along with key features and differentiators for those products/services.
6. Customer Information - This chapter covers recent customer and service providers’ trends/preferences in the global legal services market.
7. Trends And Strategies - This chapter describes the major trends shaping the global legal services market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
8. Technologies In The Legal Industry - This section provides a descriptive list of technologies used by legal firms to increase operational efficiency. This section also provides a list of major technology providers for the legal industry.
9. Online Legal Services - This section describes the emerging online legal services market: market characteristics, competitive landscape, end users and threats.
10. Porter’s Five Forces - This chapter describes the industry competition through porter’s five forces analysis.
11. PESTEL Analysis - This chapter describes the market opportunity assessment through PESTEL analysis.
12. Legal Industry Country Landscape - This section provides information about the legal system and legal services overview in major countries.
13. Global Market Size And Growth - This section contains the global historic (2015-2019) and forecast (2019-2023) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast period.
14. Segmentation - This section contains the market values (2015-2023) and analysis for different segments in the market.
15. Global Macro Comparison - The global legal services market comparison with macro-economic factors gives the legal services market size, percentage of GDP, and average legal services market expenditure.
16. Regional Analysis - This section contains the historic (2015-2019) and forecast (2019-2023) market value and growth, and market share comparison by region and country.
17. Legal Industry Country Landscape - This section covers details on the legal system and on the legal industry in major countries covered in the report.
18. Regional Market Size and Growth - This section contains the region’s market size (2019), historic (2015-2019) and forecast (2019-2023) market value, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa), and China and the USA.
19. Competitive Landscape - This section covers details on the competitive landscape of the global legal services market, estimated market shares and company profiles for the leading players.
20. Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
21. Global Mergers And Acquisitions - This section provides the regional split of mergers and acquisitions activities globally. It also provides the list of 10 largest mergers and acquisitions that took place during 2014-2019.
22. Market Background - This section describes the professional services market of which the legal services market is a segment. This chapter includes the professional services 2015-19 and 2019-23 values, and regional and country analyses for the professional services market.
23. Recommendations - This section includes conclusions and recommendations based on the findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
24. Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:

  • Legal Services Market: By Size Of Law Firm, By Type Of Law Firm, By End Users, By Type Of Practice
  • By Type Of Law Firm: B2B Legal Services, B2C Legal Services, Hybrid Legal Services, Criminal Law Practices
  • By Size Of Law Firm: Large Law Firms, SME Law Firms
  • By End Users: Individuals, Financial Services, Mining And Oil & Gas, Manufacturing, Construction, IT Services, Other Services, Others
  • By Type Of Practice: Litigation, Corporate, Labor/Employment, Real Estate, Patent Litigation, Tax, Bankruptcy, Others (Regulatory, M&A, Antitrust, Environmental)
  • Companies Mentioned: Latham & Watkins; Kirkland & Ellis LLP; Baker & McKenzie; Skadden, Arps, Slate, Meagher & Flom; DLA Piper
  • Countries: China, Japan, India, Australia, USA, Brazil, UK, Germany, France, Spain, Italy, Russia
  • Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
  • Time series: Five years historic and forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
  • Data segmentations: 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.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Advokatfirman Vinge KB
  • Bitala & Co Advocates
  • Cravath Swaine & Moore
  • Fidal
  • Kirkland & Ellis
  • Osler
  • MORE

1. Legal Services Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction
6.1. 1. Segmentation By Geography
6.1. 2. Segmentation Of The Legal Services Market

7. Legal Services Market Characteristics
7.1. Market Definition
7.2. Market Segmentation By Size Of Law Firm
7.2.1. Large Law Firms
7.2.2. SME Law Firms
7.3. Market Segmentation By Type Of Law Firm
7.3.1. B2B Legal Services
7.3.2. B2C Legal Services
7.3.3. Hybrid Legal Services
7.3.4. Criminal Law Practices
7.4. Market Segmentation By End Users
7.4.1. Individuals
7.4.2. Financial Services
7.4.3. Mining And Oil & Gas
7.4.4. Manufacturing
7.4.5. Construction
7.4.6. IT Services
7.4.7. Other Services
7.4.8. Others
7.5. Market Segmentation By Type Of Practice
7.5.1. Litigation
7.5.2. Corporate
7.5.3. Labor/Employment
7.5.4. Real Estate
7.5.5. Patent Litigation
7.5.6. Tax
7.5.7. Bankruptcy
7.5.8. Others (Regulatory, M&A, Antitrust, Environmental)

8. Legal Services Market, Supply Chain
8.1.1. Resources
8.1.2. Legal Service Providers
8.1.3. End-Users

9. Legal Services Market Service Analysis –Service Examples

10. Legal Services Market Customer And Operational Insights
10.1. Customer Information
10.1.1. Technology Resistance In Legal Organizations
10.1.2. Impact Of Transformational Technologies On Legal Entities
10.1.3. Major Concerns With Commercial Manufacturing Laws
10.1.4. Current Trends For Legal Services
10.2. Operational Information
10.2.1. Risk Of Regulatory Compliances
10.2.2. Trends In Legal Operations
10.2.3. Law Firms In Transition

11. Legal Services Market Trends And Strategies
11.1. Emergence Of Alternative Legal Service Providers (ALSPs)
11.2. Digitalization
11.3. Growing Cyber-Crime Consulting Services
11.4. Law Firms Investing In Data Security
11.5. Rising Hashtag Trademark Registrations
11.6. Legal Process Outsourcing To Cut Costs
11.7. Changing Purchase Patterns
11.8. Accounting Firms Are Transforming Legal Services Market
11.9. Alternative Legal Service Models
11.10. Globalization
11.11. Increasing Mergers And Acquisition Of Law Firms
11.12. Alternative Billing Models
11.13. Multi-Generational Workforce

12. Technologies In Legal Services
12.1.1. Blockchain And Smart Contracts
12.1.2. Artificial Intelligence And Text Analytics
12.1.3. Desktop Tools
12.1.4. Legal Project Management Tools
12.1.5. Document Automation
12.2. Technology Resistance
12.3. Major Suppliers Of Legal Technology
12.3.1. Company Profiles
12.3.2. DocuSign
12.3.3. LegalZoom
12.3.4. Exterro
12.3.5. Atrium
12.3.6. Kira Systems

13. Online Legal Services
13.1. Overview
13.2. Key Players In Online Legal Services Market
13.3. Customer/Clients Of Online Legal Services
13.4. Threats Of Online Legal Services

14. Porter's Five Forces Model
14.1. Bargaining Power of Buyer
14.2. Bargaining Power of Suppliers
14.3. Threat Of New Entrants
14.4. Threat of Substitutes
14.5. Industry Competition

15. Legal Services Market Opportunity Assessment, PESTEL Analysis
15.1. Political
15.2. Economic
15.3. Social
15.4. Technological
15.5. Environmental
15.6. Legal

16. Legal Industry Country Landscape
16.1. China
16.2. India
16.3. Japan
16.4. Australia
16.5. UK
16.6. Germany
16.7. France
16.8. Italy
16.9. Spain
16.10. Russia
16.11. USA
16.12. Brazil

17. Global Legal Services Market Size And Growth
17.1. Historic Market Growth, Value ($ Billion)
17.1.1. Drivers Of The Market 2015-2019
17.1.2. Restraints On The Market 2015-2019
17.2. Forecast Market Growth, Value ($ Billion)
17.2.1. Drivers Of The Market 2019-2023
17.2.2. Restraints On The Market 2019-2023

18. Legal Services Market, Regional And Country Analysis
18.1. Global Legal Services Market, 2019, By Region, Value ($ Billion)
18.2. Global Legal Services Market, 2015 – 2023, Historic And Forecast, By Region
18.3. Global Legal Services Market, 2019-2023, Growth And Market Share Comparison, By Region
18.4. Global Legal Services Market, 2019, By Country, Value ($ Billion)
18.5. Global Legal Services Market, 2015 – 2023, Historic And Forecast, By Country
18.6. Global Legal Services Market, 2019-2023, Growth And Market Share Comparison, By Country

19. Global Legal Services Market Segmentation
19.1. Global Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
19.2. Global Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
19.3. Global Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
19.4. Global Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)

20. Global Legal Services Market Comparison with Macro Economic Factors
20.1. Legal Services Market Size, Percentage Of GDP, Global
20.2. Per Capita Average Legal Services Market Expenditure, Global

21. Global Legal Services Market Comparison With Macro Economic Factors Across Countries
21.1. Legal Services Market Size, Percentage Of GDP, By Country
21.2. Per Capita Average Legal Services Market Expenditure, By Country

22. Global Legal Services Market Metrics
22.1. Estimated Number Of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2019
22.2. Estimated Number Of Lawyers, Legal Services Market, Legal Services Market/Number Of Lawyers, 2019

23. Asia-Pacific Legal Services Market
23.1. Asia-Pacific Legal Services Market Overview
23.1.1. Region Information
23.1.2. Market Information
23.1.3. Background Information
23.1.4. Taxes Levied
23.1.5. Corporate Tax Structure
23.1.6. Regulatory Bodies
23.1.7. Regulations
23.1.8. Licensing Body
23.1.9. Government Initiatives
23.1.10. Industry Associations
23.1.11. Major Law Firms
23.2. Asia Pacific Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
23.3. Asia-Pacific Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
23.4. Asia-Pacific Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
23.5. Asia-Pacific Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)
23.6. Asia-Pacific Legal Services Market: Country Analysis
23.7. China Legal Services Market
23.8. China Legal Services Market Overview
23.8.1. Country Information
23.8.2. Market Information
23.8.3. Background Information
23.8.4. Taxes Levied
23.8.5. Corporate Tax Structure
23.8.6. Regulatory Bodies
23.8.7. Regulations
23.8.8. Licensing Body
23.8.9. Government Initiatives
23.8.10. Industry Associations
23.8.11. Major Law Firms
23.9. China Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
23.10. China Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
23.11. China Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
23.12. China Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)
23.13. India Legal Services Market
23.14. India Legal Services Market Overview
23.14.1. Country Information
23.14.2. Market Information
23.14.3. Background Information
23.14.4. Taxes Levied
23.14.5. Corporate Tax Structure
23.14.6. Regulatory Bodies
23.14.7. Regulations
23.14.8. Licensing Body
23.14.9. Government Initiatives
23.14.10. Industry Associations
23.14.11. Major Law Firms
23.15. India Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
23.16. India Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
23.17. India Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
23.18. India Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)
23.19. Japan Legal Services Market
23.20. Japan Legal Services Market Overview
23.20.1. Country Information
23.20.2. Market Information
23.20.3. Background Information
23.20.4. Taxes Levied
23.20.5. Corporate Tax Structure
23.20.6. Regulatory Bodies
23.20.7. Regulations
23.20.8. Licensing Body
23.20.9. Government Initiatives
23.20.10. Industry Associations
23.20.11. Major Law Firms
23.21. Japan Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
23.22. Japan Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
23.23. Japan Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
23.24. Japan Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)
23.25. Australia Legal Services Market
23.26. Australia Legal Services Market Overview
23.26.1. Country Information
23.26.2. Market Information
23.26.3. Background Information
23.26.4. Taxes Levied
23.26.5. Corporate Tax Structure
23.26.6. Regulatory Bodies
23.26.7. Regulations
23.26.8. Licensing Body
23.26.9. Government Initiatives
23.26.10. Industry Associations
23.26.11. Major Law Firms
23.27. Australia Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
23.28. Australia Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
23.29. Australia Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
23.30. Australia Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)

24. Western Europe Legal Services Market
24.1. Western Europe Legal Services Market Overview
24.1.1. Market Information
24.1.2. Background Information
24.1.3. Taxes Levied
24.1.4. Corporate Tax Structure
24.1.5. Regulatory Bodies
24.1.6. Regulations
24.1.7. Licensing Body
24.1.8. Government Initiatives
24.1.9. Industry Associations
24.1.10. Major Law Firms
24.2. Western Europe Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
24.3. Western Europe Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
24.4. Western Europe Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
24.5. Western Europe Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)
24.6. Western Europe Legal Services Market: Country Analysis
24.7. UK Legal Services Market
24.8. UK Legal Services Market Overview
24.8.1. Country Information
24.8.2. Market Information
24.8.3. Background Information
24.8.4. Taxes Levied
24.8.5. Corporate Tax Structure
24.8.6. Regulatory Bodies
24.8.7. Regulations
24.8.8. Licensing Body
24.8.9. Government Initiatives
24.8.10. Industry Associations
24.8.11. Major Law Firms
24.9. UK Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
24.10. UK Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
24.11. UK Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
24.12. UK Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)
24.13. Germany Legal Services Market
24.14. Germany Legal Services Market Overview
24.14.1. Country Information
24.14.2. Market Information
24.14.3. Background Information
24.14.4. Taxes Levied
24.14.5. Corporate Tax Structure
24.14.6. Regulatory Bodies
24.14.7. Regulations
24.14.8. Licensing Body
24.14.9. Industry Associations
24.14.10. Major Law Firms
24.15. Germany Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
24.16. Germany Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
24.17. Germany Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
24.18. Germany Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)
24.19. France Legal Services Market
24.20. France Legal Services Market Overview
24.20.1. Market Information
24.20.2. Background Information
24.20.3. Taxes Levied
24.20.4. Corporate Tax Structure
24.20.5. Regulatory Bodies
24.20.6. Regulations
24.20.7. Licensing Body
24.20.8. Industry Associations
24.20.9. Major Law Firms
24.21. France Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
24.22. France Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
24.23. France Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
24.24. France Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)
24.25. Italy Legal Services Market
24.26. Italy Legal Services Market Overview
24.26.1. Country Information
24.26.2. Market Information
24.26.3. Background Information
24.26.4. Taxes Levied
24.26.5. Corporate Tax Structure
24.26.6. Regulatory Bodies
24.26.7. Regulations
24.26.8. Licensing Body
24.26.9. Industry Associations
24.26.10. Major Law Firms
24.27. Italy Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
24.28. Italy Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
24.29. Italy Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
24.30. Italy Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)
24.31. Spain Legal Services Market
24.32. Spain Legal Services Market Overview
24.32.1. Country Information
24.32.2. Market Information
24.32.3. Background Information
24.32.4. Taxes Levied
24.32.5. Corporate Tax Structure
24.32.6. Regulatory Bodies
24.32.7. Regulations
24.32.8. Licensing Body
24.32.9. Industry Associations
24.32.10. Major Law Firms
24.33. Spain Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
24.34. Spain Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
24.35. Spain Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
24.36. Spain Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)

25. Eastern Europe Legal Services Market
25.1. Eastern Europe Legal Services Market Overview
25.1.1. Region Information
25.1.2. Market Information
25.1.3. Background Information
25.1.4. Taxes Levied
25.1.5. Corporate Tax Structure
25.1.6. Regulatory Bodies
25.1.7. Regulations
25.1.8. Licensing Body
25.1.9. Industry Associations
25.1.10. Major Law Firms
25.2. Eastern Europe Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
25.3. Eastern Europe Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
25.4. Eastern Europe Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
25.5. Eastern Europe Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)
25.6. Eastern Europe Legal Services Market: Country Analysis
25.7. Russia Legal Services Market
25.8. Russia Legal Services Market Overview
25.8.1. Country Information
25.8.2. Market Information
25.8.3. Background Information
25.8.4. Taxes Levied
25.8.5. Corporate Tax Structure
25.8.6. Regulatory Bodies
25.8.7. Regulations
25.8.8. Licensing Body
25.8.9. Industry Associations
25.8.10. Major Law Firms
25.9. Russia Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
25.10. Russia Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
25.11. Russia Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
25.12. Russia Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)

26. North America Legal Services Market
26.1. North America Legal Services Market Overview
26.1.1. Region Information
26.1.2. Market Information
26.1.3. Background Information
26.1.4. Taxes Levied
26.1.5. Corporate Tax Structure
26.1.6. Regulatory Bodies
26.1.7. Licensing Body
26.1.8. Government Initiatives
26.1.9. Industry Associations
26.1.10. Major Law Firms
26.2. North America Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
26.3. North America Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
26.4. North America Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
26.5. North America Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)
26.6. North America Legal Services Market: Country Analysis
26.7. USA Legal Services Market
26.8. USA Legal Services Market Overview
26.8.1. Country Information
26.8.2. Market Information
26.8.3. Background Information
26.8.4. Taxes Levied
26.8.5. Corporate Tax Structure
26.8.6. Regulatory Bodies
26.8.7. Regulations
26.8.8. Licensing Body
26.8.9. Government Initiatives
26.8.10. Industry Associations
26.8.11. Major Law Firms
26.9. USA Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
26.10. USA Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
26.11. USA Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
26.12. USA Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)

27. South America Legal Services Market
27.1. South America Legal Services Market Overview
27.1.1. Region Information
27.1.2. Market Information
27.1.3. Background Information
27.1.4. Taxes Levied
27.1.5. Corporate Tax Structure
27.1.6. Regulatory Bodies
27.1.7. Regulations
27.1.8. Licensing Body
27.1.9. Government Initiatives
27.1.10. Industry Associations
27.1.11. Major Law Firms
27.2. South America Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
27.3. South America Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
27.4. South America Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
27.5. South America Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)
27.6. South America Legal Services Market: Country Analysis
27.7. Brazil Legal Services Market
27.8. Brazil Legal Services Market Overview
27.8.1. Country Information
27.8.2. Market Information
27.8.3. Background Information
27.8.4. Taxes Levied
27.8.5. Corporate Tax Structure
27.8.6. Regulatory Bodies
27.8.7. Regulations
27.8.8. Licensing Body
27.8.9. Industry Associations
27.8.10. Major Law Firms
27.9. Brazil Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
27.10. Brazil Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
27.11. Brazil Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
27.12. Brazil Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)

28. Middle East Legal Services Market
28.1. Middle East Legal Services Market Overview
28.1.1. Region Information
28.1.2. Market Information
28.1.3. Background Information
28.1.4. Taxes Levied
28.1.5. Corporate Tax Structure
28.1.6. Regulatory Bodies
28.1.7. Licensing Body
28.1.8. Industry Associations
28.1.9. Major Law Firms
28.2. Middle East Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
28.3. Middle East Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
28.4. Middle East Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
28.5. Middle East Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)

29. Africa Legal Services Market
29.1. Africa Legal Services Market Overview
29.1.1. Region Information
29.1.2. Market Information
29.1.3. Background Information
29.1.4. Taxes Levied
29.1.5. Corporate Tax Structure
29.1.6. Regulatory Bodies
29.1.7. Licensing Body
29.1.8. Industry Associations
29.1.9. Major Law Firms
29.2. Africa Legal Services Market, 2015 – 2023, Segmentation By Type Of Service, Value ($ Billion)
29.3. Africa Legal Services Market, 2015 – 2023, Segmentation By Type Of Service Provider, Value ($ Billion)
29.4. Africa Legal Services Market, Segmentation By Type Of Practice, 2019, Value ($ Billion)
29.5. Africa Legal Services Market, Segmentation By End-Use Industry, 2015 - 2023, Value ($ Billion)

30. Global Legal Services Market Competitive Landscape
30.1. Company Profiles
30.2. Kirkland & Ellis LLP
30.2.1. Company Overview
30.2.2. Products And Services
30.2.3. Business Strategy
30.2.4. Financial Overview
30.3. Latham & Watkins LLP
30.3.1. Company Overview
30.3.2. Products And Services
30.3.3. Business Strategy
30.3.4. Financial Overview
30.4. Baker & McKenzie
30.4.1. Company Overview
30.4.2. Products And Services
30.4.3. Business Strategy
30.4.4. Financial Overview
30.5. DLA Piper
30.5.1. Company Overview
30.5.2. Products And Services
30.5.3. Business Strategy
30.5.4. Financial Overview
30.6. Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
30.6.1. Company Overview
30.6.2. Products And Services
30.6.3. Business Strategy
30.6.4. Financial Overview

31. Key Mergers And Acquisitions In The Legal Services Market
31.1. EY Acquired Thomson Reuters’ Pangea3 Legal Managed Services (LMS) Business
31.2. EY Acquired Riverview Law
31.3. CIVC Partners Acquired Magna Legal Services
31.4. Clark Hill PLC Acquired Morris Polich & Purdy LLP
31.5. CMS Cameron McKenna, Nabarro LLP And Olswang LLP Merger
31.6. Keais Records Service, LLC Acquired National Legal Services, LLC
31.7. Plutos Sama, LLC Acquired J Peterman Legal Group, LLC
31.8. Dentons Merged With Dacheng Law Offices
31.9. Locke Lord Merged With Edwards Wildman
31.10. Squire Sanders Merged With Patton Boggs

32. Market Background: Professional Services Market
32.1. Market Characteristics
32.1.1. Market Definition
32.1.2. Segmentation By Service Type
32.2. Global Professional Services Market, Segmentation By Industry, 2015 - 2023, Value ($ Billion)
32.3. Global Professional Services Market, 2019, By Region, Value ($ Billion)
32.4. Global Professional Services Market, 2015 - 2023, Historic And Forecast, By Region

33. Global Legal Services Market Opportunities And Strategies
33.1. Global Legal Services Market In 2023 – Countries Offering Most New Opportunities
33.2. Global Legal Services Market In 2023 – Segments Offering Most New Opportunities
33.3. Global Legal Services Market In 2023 – Growth Strategies
33.3.1. Market Trend Based Strategies
33.3.2. Competitor Strategies

34. Legal Services Market, Conclusions And Recommendations
34.1. Conclusions
34.2. Recommendations
34.2.1. Product
34.2.2. Place
34.2.3. Price
34.2.4. Promotion
34.2.5. People

35. Appendix
35.1. Market Data Sources
35.2. NAICS Definition Of The Industry Covered In This Report
35.3. Research Methodology
35.4. Currencies
35.5. Research Inquiries
35.7. Copyright And Disclaimer

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This report describes and evaluates the market for legal services globally. It covers two five-year periods, 2015 to 2019, termed the historic period, and 2019 through 2023, the forecast period.

The global legal services market reached a value of nearly $766.3 billion in 2019, having grown at a compound annual growth rate (CAGR) of 5.4% since 2015. The global legal services market is expected to grow at a CAGR of 6.5% to nearly $986.7 billion by 2023.

Growth in the historic period resulted from strong economic growth in emerging markets and an increased number of mergers and acquisitions across all industries. Factors that negatively affected growth in the historic period were regulatory challenges mainly affecting the practice of legal consultants outside their countries and skilled workforce shortages in the industry. Going forward, global economic growth, increasing demand for transactional practice areas, deregulation of the legal industry, growing legal tech industry and globalization will drive growth. Factors that could hinder the growth of this market in the future include rising costs and decreasing margins of law firms, increasing demand for in-house legal teams, lack of transparency and consistent service quality, data security issues and a global reduction in free trade.

The legal services market in this report is segmented by type of service into b2b legal services, b2c legal services, hybrid legal services and criminal law practices. The b2b legal services market was the largest segment of the legal services market in 2019 at 45.5%. The hybrid legal services market will be the fastest-growing segment going forward at a CAGR of 11.2%.

The legal services market in this report is also segmented by size of law firms into large law firms and SME law firms. The large law firms market was the largest segment of the legal services market in 2019 at 62.2% and this will be the fastest-growing segment going forward at a CAGR of 7.7%.

The legal services market in this report is also segmented by end users into individuals, financial services, mining and oil & gas, manufacturing, construction, IT services, other services and others. The individuals’ users market was the largest segment of the legal services market in 2019 at 43.4%. The mining and oil & gas end use market will be the fastest-growing segment going forward at a CAGR of 15.6%.

The legal services market in this report is also segmented by type of practice into litigation, corporate, labour/employment, real estate, patent litigation, tax, bankruptcy and others. The litigation market was the largest segment of the legal services market in 2019 at 31.0%.

North America was the largest market for legal services, accounting for 51.6% of the global market in 2019. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest growing regions in the legal services market will be South America and Africa, where growth will be at CAGRs of 18.6% and 11.8% respectively. These will be followed by the Middle East and Eastern Europe, where the markets will grow at CAGRs of 10.4% and 10.0% respectively.

The legal services market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 3.63% of the total market in 2018. Major players in the market include Kirkland & Ellis LLP, Latham & Watkins LLP, Baker & McKenzie, DLA Piper and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates.

The top opportunities in the legal services market will arise in the B2B legal services segment which will gain $117.2 billion of global annual sales by 2023, and in the USA, where the market will gain the most at $48.0 billion. Market-trend-based strategies for the legal services market include broadening services with information technology solutions, investing in data security systems to safeguard sensitive client data, outsourcing non-critical functions to offshore centres to reduce operational costs and increase profit margins, and offering diversified services to their clients to sustain the competition from accounting firms. Player-adopted strategies in the legal services industry include expanding services to new geographies through partnerships and collaborations and enhancing services by increasing partners headcount.

To take advantage of these opportunities, the author recommends the legal services companies to provide cybercrime consulting services, offer online legal services, offer alternative billion/pricing solutions and collaborate or acquire with other legal companies.

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