FEATURED COMPANIES
- Baker & McKenzie
- DLA Piper
- Kirkland & Ellis LLP
- Latham & Watkins
Legal Services Global Market Report 2020 provides the strategists, marketers and senior management with the critical information they need to assess the global legal services market as it emerges from the Covid 19 shut down.
Reasons to Purchase
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 Legal Services global market report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider legal services market, and compares it with other markets.
Scope
Markets Covered:
1) By Type: B2B Legal Services; B2C Legal Services; Hybrid Legal Services; Criminal Law Practices
2) By Size: Large Law Firms; SME Law Firms
3) By End-Users: Individuals; Financial Services; Mining And Oil & Gas; Manufacturing; Construction; IT Services; Others
4) By Type Of Practice: Litigation; Corporate; Labor/Employment; Real Estate; Patent Litigation; Tax; Bankruptcy; Others (Regulatory, M&A, Antitrust, Environmental)
5) By Mode: Online; Offline
Companies Mentioned: Latham & Watkins; Kirkland & Ellis LLP; Baker & McKenzie; Skadden, Arps, Slate, Meagher & Flom; DLA Piper
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, legal services indicators comparison.
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.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- 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
- Report will be updated with the latest data and delivered to you within 3 working days of order.
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 Legal Services global market report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider legal services market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The legal services market section of the report gives context. It compares the legal services market with other segments of the professional services market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, legal services indicators comparison.
Scope
Markets Covered:
1) By Type: B2B Legal Services; B2C Legal Services; Hybrid Legal Services; Criminal Law Practices
2) By Size: Large Law Firms; SME Law Firms
3) By End-Users: Individuals; Financial Services; Mining And Oil & Gas; Manufacturing; Construction; IT Services; Others
4) By Type Of Practice: Litigation; Corporate; Labor/Employment; Real Estate; Patent Litigation; Tax; Bankruptcy; Others (Regulatory, M&A, Antitrust, Environmental)
5) By Mode: Online; Offline
Companies Mentioned: Latham & Watkins; Kirkland & Ellis LLP; Baker & McKenzie; Skadden, Arps, Slate, Meagher & Flom; DLA Piper
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, legal services indicators comparison.
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
FEATURED COMPANIES
- Baker & McKenzie
- DLA Piper
- Kirkland & Ellis LLP
- Latham & Watkins
1. Executive Summary2. Report Structure7. Legal Services Market Trends And Strategies21. Key Mergers And Acquisitions In The Legal Services Market25. Copyright And Disclaimer
3. Legal Services Market Characteristics
4. Legal Services Market Product Analysis
5. Legal Services Market Supply Chain
6. Legal Services Market Customer Information
8. Legal Services Market Size And Growth
9. Legal Services Market Regional Analysis
10. Legal Services Market Segmentation
11. Legal Services Market Segments
12. Legal Services Market Metrics
13. Asia-Pacific Legal Services Market
14. Western Europe Legal Services Market
15. Eastern Europe Legal Services Market
16. North America Legal Services Market
17. South America Legal Services Market
18. Middle East Legal Services Market
19. Africa Legal Services Market
20. Legal Services Market Competitive Landscape
22. Market Background: Professional Services Market
23. Recommendations
24. Appendix
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Baker & McKenzie
- DLA Piper
- Kirkland & Ellis LLP
- Latham & Watkins
The legal services market consists of sales of law-related services and related goods by entities (organizations, sole traders and partnerships) that advise clients (individuals, businesses or other entities) about their legal rights and responsibilities, and represent clients in civil or criminal cases, business transactions and other matters in which legal advice and other assistance are sought. Legal services undertake processes where human capital is the major input. They make available the knowledge and skills of their employees, often on an assignment basis, where an individual or team is responsible for the delivery of services to the client.
The global legal services market is expected to decline from $734.1 billion in 2019 to $728.5 billion in 2020 at a compound annual growth rate (CAGR) of -0.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $845.7 billion in 2023.
North America was the largest region in the global legal services market, accounting for 56% of the market in 2019. Western Europe was the second largest region accounting for 24% of the global legal services market. Africa was the smallest region in the global legal services market.
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 centers 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 head count.
The global legal services market is expected to decline from $734.1 billion in 2019 to $728.5 billion in 2020 at a compound annual growth rate (CAGR) of -0.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $845.7 billion in 2023.
North America was the largest region in the global legal services market, accounting for 56% of the market in 2019. Western Europe was the second largest region accounting for 24% of the global legal services market. Africa was the smallest region in the global legal services market.
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 centers 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 head count.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Latham & Watkins
- Kirkland & Ellis LLP
- Baker & McKenzie
- Skadden, Arps, Slate, Meagher & Flom
- DLA Piper
Note: Product cover images may vary from those shown
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