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Legal Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030

  • ID: 5238024
  • Report
  • January 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • Baker & McKenzie
  • DLA Piper
  • Kirkland & Ellis LLP
  • Latham & Watkins
Legal Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 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
  • 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
Description:

Where is the largest and fastest growing market for 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 market global 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 Summary

2. Report Structure

3. Legal Services Market Characteristics
3.1. Market Definition
3.2. Key Segmentations

4. Legal Services Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products

5. Legal Services Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers

6. Legal Services Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth

7. Legal Services Market Trends And Strategies

8. Impact Of COVID-19 On Legal Services

9. Legal Services Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market

10. Legal Services Market Regional Analysis
10.1. Global Legal Services Market, 2020, By Region, Value ($ Billion)
10.2. Global Legal Services Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Legal Services Market, Growth And Market Share Comparison, By Region

11. Legal Services Market Segmentation
11.1. Global Legal Services Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • B2B Legal Services
  • B2C Legal Services
  • Hybrid Legal Services
  • Criminal Law Practices
11.2. Global Legal Services Market, Segmentation By Size, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Large Law Firms
  • SME Law Firms
11.3. Global Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Individuals
  • Financial Services
  • Mining And Oil & Gas
  • Manufacturing
  • Construction
  • IT Services
  • Others
11.4. Global Legal Services Market, Segmentation By Type Of Practice, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Litigation
  • Corporate
  • Labor/Employment
  • Real Estate
  • Patent Litigation
  • Tax
  • Bankruptcy
  • Others (Regulatory, M&A, Antitrust, Environmental)
11.5. Global Legal Services Market, Segmentation By Mode, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Online
  • Offline
12. Legal Services Market Segments
12.1. Global B2B Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
12.2. Global B2C Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
12.3. Global Hybrid Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
12.4. Global Criminal Law Practices Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

13. Legal Services Market Metrics
13.1. Legal Services Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average Legal Services Market Expenditure, 2015-2025, Global

14. Asia-Pacific Legal Services Market
14.1. Asia-Pacific Legal Services Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
14.2. Asia-Pacific, Legal Services Market, 2020, By Country, Value ($ Billion)
14.3. Asia-Pacific, Legal Services Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
14.4. Asia-Pacific, Legal Services Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
14.5. Asia-Pacific, Legal Services Market Metrics
14.5.1. Per Capita Average Legal Services Expenditure, 2015-2025, Asia-Pacific Countries
14.5.2. Number of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2020, Asia-Pacific Countries
14.5.3. Number of Employees, Legal Services Market, Legal Services Market/Number of Employees, 2020, Asia-Pacific Countries
14.6. Asia-Pacific Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7. Asia-Pacific Legal Services Market: Country Analysis
14.7.1. China Legal Services Market
14.7.1.1. China Legal Services Market Overview
14.7.1.2. China Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.2. Australia Legal Services Market
14.7.2.1. Australia Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.3. Hong Kong Legal Services Market
14.7.3.1. Hong Kong Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.4. India Legal Services Market
14.7.4.1. India Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5. Indonesia Legal Services Market
14.7.5.1. Indonesia Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6. Japan Legal Services Market
14.7.6.1. Japan Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.7. Malaysia Legal Services Market
14.7.7.1. Malaysia Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.8. New Zealand Legal Services Market
14.7.8.1. New Zealand Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.9. Philippines Legal Services Market
14.7.9.1. Philippines Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.10. Singapore Legal Services Market
14.7.10.1. Singapore Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.11. South Korea Legal Services Market
14.7.11.1. South Korea Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.12. Thailand Legal Services Market
14.7.12.1. Thailand Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.13. Vietnam Legal Services Market
14.7.13.1. Vietnam Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

15. Western Europe Legal Services Market
15.1. Western Europe Legal Services Market Overview
15.2. Western Europe, Legal Services Market, 2020, By Country, Value ($ Billion)
15.3. Western Europe, Legal Services Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
15.4. Western Europe, Legal Services Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
15.5. Western Europe, Legal Services Market Metrics
15.5.1. Per Capita Average Legal Services Expenditure, 2015-2025, Western Europe Countries
15.5.2. Number of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2020, Western Europe Countries
15.5.3. Number of Employees, Legal Services Market, Legal Services Market/Number of Employees, 2020, Western Europe Countries
15.6. Western Europe Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7. Western Europe Legal Services Market: Country Analysis
15.7.1. Austria Legal Services Market
15.7.1.1. Austria Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.2. Belgium Legal Services Market
15.7.2.1. Belgium Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.3. Denmark Legal Services Market
15.7.3.1. Denmark Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4. Finland Legal Services Market
15.7.4.1. Finland Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.5. France Legal Services Market
15.7.5.1. France Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.6. Germany Legal Services Market
15.7.6.1. Germany Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.7. Ireland Legal Services Market
15.7.7.1. Ireland Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.8. Italy Legal Services Market
15.7.8.1. Italy Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.9. Netherlands Legal Services Market
15.7.9.1. Netherlands Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.10. Norway Legal Services Market
15.7.10.1. Norway Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.11. Portugal Legal Services Market
15.7.11.1. Portugal Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.12. Spain Legal Services Market
15.7.12.1. Spain Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.13. Sweden Legal Services Market
15.7.13.1. Sweden Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.14. Switzerland Legal Services Market
15.7.14.1. Switzerland Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.15. UK Legal Services Market
15.7.15.1. UK Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

16. Eastern Europe Legal Services Market
16.1. Eastern Europe Legal Services Market Overview
16.2. Eastern Europe, Legal Services Market, 2020, By Country, Value ($ Billion)
16.3. Eastern Europe, Legal Services Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
16.4. Eastern Europe, Legal Services Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
16.5. Eastern Europe, Legal Services Market Metrics
16.5.1. Per Capita Average Legal Services Expenditure, 2015-2025, Eastern Europe Countries
16.5.2. Number of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2020, Eastern Europe Countries
16.5.3. Number of Employees, Legal Services Market, Legal Services Market/Number of Employees, 2020, Eastern Europe Countries
16.6. Eastern Europe Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7. Eastern Europe Legal Services Market: Country Analysis
16.7.1. Czech Republic Legal Services Market,
16.7.1.1. Czech Republic Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.2. Poland Legal Services Market
16.7.2.1. Poland Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3. Romania Legal Services Market
16.7.3.1. Romania Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.4. Russia Legal Services Market
16.7.4.1. Russia Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

17. North America Legal Services Market
17.1. North America Legal Services Market Overview
17.2. North America, Legal Services Market, 2020, By Country, Value ($ Billion)
17.3. North America, Legal Services Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
17.4. North America, Legal Services Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
17.5. North America, Legal Services Market Metrics
17.5.1. Per Capita Average Legal Services Expenditure, 2015-2025, North America Countries
17.5.2. Number of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2020, North America Countries
17.5.3. Number of Employees, Legal Services Market, Legal Services Market/Number of Employees, 2020, North America Countries
17.6. North America Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7. North America Legal Services Market: Country Analysis
17.7.1. Canada Legal Services Market
17.7.1.1. Canada Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2. Mexico Legal Services Market
17.7.2.1. Mexico Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.3. USA Legal Services Market
17.7.3.1. USA Legal Services Market Overview
17.7.3.2. USA Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

18. South America Legal Services Market
18.1. South America Legal Services Market Overview
18.2. South America, Legal Services Market, 2020, By Country, Value ($ Billion)
18.3. South America, Legal Services Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
18.4. South America, Legal Services Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
18.5. South America, Legal Services Market Metrics
18.5.1. Per Capita Average Legal Services Expenditure, 2015-2025, South America Countries
18.5.2. Number of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2020, South America Countries
18.5.3. Number of Employees, Legal Services Market, Legal Services Market/Number of Employees, 2020, South America Countries
18.6. South America Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7. South America Legal Services Market: Country Analysis
18.7.1. Argentina Legal Services Market
18.7.1.1. Argentina Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.2. Brazil Legal Services Market
18.7.2.1. Brazil Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.3. Chile Legal Services Market
18.7.3.1. Chile Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.4. Colombia Legal Services Market
18.7.4.1. Colombia Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.5. Peru Legal Services Market
18.7.5.1. Peru Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.6. Venezuela Legal Services Market
18.7.6.1. Venezuela Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

19. Middle East Legal Services Market
19.1. Middle East Legal Services Market Overview
19.2. Middle East, Legal Services Market, 2020, By Country, Value ($ Billion)
19.3. Middle East, Legal Services Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
19.4. Middle East, Legal Services Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
19.5. Middle East, Legal Services Market Metrics
19.5.1. Per Capita Average Legal Services Expenditure, 2015-2025, Middle East Countries
19.5.2. Number of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2020, Middle East Countries
19.5.3. Number of Employees, Legal Services Market, Legal Services Market/Number of Employees, 2020, Middle East Countries
19.6. Middle East Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7. Middle East Legal Services Market: Country Analysis
19.7.1. Saudi Arabia Legal Services Market
19.7.1.1. Saudi Arabia Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.2. Israel Legal Services Market
19.7.2.1. Israel Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.3. Turkey Legal Services Market
19.7.3.1. Turkey Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.4. UAE Legal Services Market
19.7.4.1. UAE Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

20. Africa Legal Services Market
20.1. Africa Legal Services Market Overview
20.2. Africa, Legal Services Market, 2020, By Country, Value ($ Billion)
20.3. Africa, Legal Services Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Country
20.4. Africa, Legal Services Market, 2015-2020, 2020-2025F, 2030F, Growth And Market Share Comparison, By Country
20.5. Africa, Legal Services Market Metrics
20.5.1. Per Capita Average Legal Services Expenditure, 2015-2025, Africa Countries
20.5.2. Number of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2020, Africa Countries
20.5.3. Number of Employees, Legal Services Market, Legal Services Market/Number of Employees, 2020, Africa Countries
20.6. Africa Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7. Africa Legal Services Market: Country Analysis
20.7.1. Egypt Legal Services Market
20.7.1.1. Egypt Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7.2. Nigeria Legal Services Market
20.7.2.1. Nigeria Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20.7.3. South Africa Legal Services Market
20.7.3.1. South Africa Legal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)

21. Legal Services Market Competitive Landscape
21.1. Competitive Market Overview
21.2. Market Shares
21.3. Company Profiles
21.3.1. Latham & Watkins
21.3.1.1. Company Overview
21.3.1.2. Products And Services
21.3.1.3. Strategy
21.3.1.4. Financial Performance
21.3.2. Kirkland & Ellis LLP
21.3.2.1. Company Overview
21.3.2.2. Products And Services
21.3.2.3. Strategy
21.3.2.4. Financial Performance
21.3.3. Baker & McKenzie
21.3.3.1. Company Overview
21.3.3.2. Products And Services
21.3.3.3. Strategy
21.3.3.4. Financial Performance
21.3.4. Skadden, Arps, Slate, Meagher & Flom
21.3.4.1. Company Overview
21.3.4.2. Products And Services
21.3.4.3. Strategy
21.3.4.4. Financial Performance
21.3.5. DLA Piper
21.3.5.1. Company Overview
21.3.5.2. Products And Services
21.3.5.3. Strategy
21.3.5.4. Financial Performance

22. Key Mergers And Acquisitions In The Legal Services Market

23. Market Background: Professional Services Market
23.1. Professional Services Market Characteristics
23.2. Professional Services Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Growth, By Segment, Value ($ Billion), Global
23.3. Global Professional Services Market, 2020, By Region, Value ($ Billion)
23.4. Global Professional Services Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
23.5. Global Professional Services Market, 2015-2020, 2020-2025F, 2030F, Segmentation By Type, Value ($ Billion)

24. Recommendations
24.1. Global Legal Services Market In 2025- Growth Countries
24.2. Global Legal Services Market In 2025- Growth Segments
24.3. Global Legal Services Market In 2025- Growth Strategies

25. Appendix
25.1. NAICS Definitions Of Industry Covered In This Report
25.2. Abbreviations
25.3. Currencies
25.4. Research Inquiries
25.5. About the Publisher

26. Copyright And Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Baker & McKenzie
  • DLA Piper
  • Kirkland & Ellis LLP
  • Latham & Watkins
Major companies in the legal services market include Latham & Watkins; Kirkland & Ellis LLP; Baker & McKenzie; Skadden, Arps, Slate, Meagher & Flom and DLA Piper.

The global legal services market is expected to grow from $713. 66 billion in 2020 to $734. 56 billion in 2021 at a compound annual growth rate (CAGR) of 2. 9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $908. 17 billion in 2025 at a CAGR of 5%.

The legal services market consists of the 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 a team is responsible for the delivery of services to the client. The legal services market is segmented into B2B legal services; B2C services; hybrid services and criminal services.

North America was the largest region in the global legal services market, accounting for 56% of the market in 2020. 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.

Law firms around the world are offering cybercrime legal consulting services to their clients, owing to the increasing incidence of this type of crime. Cybercrime refers to a crime that is committed using an internet connection and a computer. This includes cyber-stalking, counterfeiting, money laundering, embezzlement, fraud, and tax evasion using internet and electronic devices. in the UK alone, around $35 billion is the estimated annual cost of cybercrimes. Law firms offering cybercrime consulting services employ lawyers, consultants, and ethical hackers who are experienced in handling crisis management, online financial theft, loss of data, data privacy, and intellectual property infringement. Large law firms practicing in the field of data privacy and cybersecurity include Latham & Watkins, DLA Piper, and Skadden, Arps, Slate, Meagher & Flom. The growing concern of organizations and individuals about cybercrimes is expected to increase the cybercrime legal consulting services market globally.

Coronavirus Pandemic - The outbreak of Coronavirus disease (COVID-19) has acted as a restraint on the legal services market in 2020 as governments globally imposed lockdowns and restricted trade, thereby limiting the need for professional services. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the legal services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. ?

Political Trade Agreements Reforms - Globally, changes in political structure, legal reforms, and trade agreements are creating opportunities for law firms. International companies and organizations are bound to comply with various laws and regulations of different countries and specific trade agreements. Changes in the legal structure of intrastate agreements increases the demand for legal services. For instance, the UK's exit from the European Union is expected to increase the demand for law services due to the complexity of the regulatory and legislative changes pertaining to jurisdiction, judicial structure and trade. Law firms such as Dechert, Simmons & Simmons, Clifford Chance, and DLA Piper have set up specialized BREXIT teams and hotlines staffed with lawyers to help clients with a smooth transition. Going forward, the USA's withdrawal from the Trans-Pacific Partnership, Paris Agreement, and South Korea trade deal is expected to further drive the demand for legal services in the future.
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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