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B2B Legal Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030

  • ID: 5323280
  • Report
  • May 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • Allen & Overy
  • Arps
  • Baker & McKenzie
  • Clifford Chance
  • DLA Piper and Skadden
  • Kirkland & Ellis LLP
B2B 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 b2b 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 12+ 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 the b2b 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 B2B Legal Service 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 b2b 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 b2b legal services market section of the report gives context. It compares the b2b legal services market with other segments of the b2b legal services market by size and growth, historic and forecast.
Scope

Markets Covered:

1) By Service Type: Civil or Criminal; Mergers and Acquisitions; Business Transactions; Others 2) By End-user: Listed Corporations; Government Institutions; Small and Medium-sized Enterprises; High Net worth Individuals; Others 3) By Size of Law Firm: Large law firms, SME law firms

Companies Mentioned: Arps; Slate; Meagher & Flom; Clifford Chance; Freshfields Bruckhaus Deringer

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

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,

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.

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Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Allen & Overy
  • Arps
  • Baker & McKenzie
  • Clifford Chance
  • DLA Piper and Skadden
  • Kirkland & Ellis LLP
1. Executive Summary

2. B2B Legal Services Market Characteristics

3. B2B Legal Services Market Trends and Strategies

4. Impact of COVID-19 on B2B Legal Services

5. B2B Legal Services Market Size and Growth
5.1. Global B2B Legal Services Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global B2B Legal Services Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market

6. B2B Legal Services Market Segmentation
6.1. Global B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Civil or Criminal
  • Mergers and Acquisitions
  • Business Transactions
  • Others
6.2. Global B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Listed Corporations
  • Government Institutions
  • Small and Medium-sized Enterprises
  • High Net worth Individuals
  • Others
6.3. Global B2B Legal Services Market, Segmentation by Size of Law Firm, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Large law firms
  • SME law firms
7. B2B Legal Services Market Regional and Country Analysis
7.1. Global B2B Legal Services Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global B2B Legal Services Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific B2B Legal Services Market
8.1. Asia-Pacific B2B 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
8.2. Asia-Pacific B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China B2B Legal Services Market
9.1. China B2B Legal Services Market Overview
9.2. China B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India B2B Legal Services Market
10.1. India B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan B2B Legal Services Market
11.1. Japan B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia B2B Legal Services Market
12.1. Australia B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia B2B Legal Services Market
13.1. Indonesia B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea B2B Legal Services Market
14.1. South Korea B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe B2B Legal Services Market
15.1. Western Europe B2B Legal Services Market Overview
15.2. Western Europe B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK B2B Legal Services Market
16.1. UK B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany B2B Legal Services Market
17.1. Germany B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France B2B Legal Services Market
18.4. France B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe B2B Legal Services Market
19.1. Eastern Europe B2B Legal Services Market Overview
19.2. Eastern Europe B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia B2B Legal Services Market
20.1. Russia B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America B2B Legal Services Market
21.1. North America B2B Legal Services Market Overview
21.2. North America B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA B2B Legal Services Market
22.1. USA B2B Legal Services Market Overview
22.2. USA B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America B2B Legal Services Market
23.1. South America B2B Legal Services Market Overview
23.2. South America B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil B2B Legal Services Market
24.1. Brazil B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East B2B Legal Services Market
25.1. Middle East B2B Legal Services Market Overview
25.2. Middle East B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa B2B Legal Services Market
26.1. Africa B2B Legal Services Market Overview
26.2. Africa B2B Legal Services Market, Segmentation by Service Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa B2B Legal Services Market, Segmentation by End-user, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. B2B Legal Services Market Competitive Landscape and Company Profiles
27.1. B2B Legal Services Market Competitive Landscape
27.2. B2B Legal Services Market Company Profiles
27.2.1. Arps
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Slate
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Meagher & Flom
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Clifford Chance
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Freshfields Bruckhaus Deringer
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

29. Key Mergers and Acquisitions in the B2B Legal Services Market

29. B2B Legal Services Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Allen & Overy
  • Arps
  • Baker & McKenzie
  • Clifford Chance
  • DLA Piper and Skadden
  • Kirkland & Ellis LLP
Major players in the B2B legal services market are Arps; Slate, Meagher & Flom; Clifford Chance; Freshfields Bruckhaus Deringer; Linklaters, Skadden; Allen & Overy; Kirkland & Ellis LLP; and Latham & Watkins LLP.

The global b2b legal services market is expected to grow from $390.62 billion in 2020 to $402.15 billion in 2021 at a compound annual growth rate (CAGR) of 3%. 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 $494.87 billion in 2025 at a CAGR of 5.3%.

The B2B legal services market consists of the sales of law-related services by entities (organizations, sole traders, and partnerships) that advise corporate clients on the body of law that governs disputes between businesses and represent corporate clients in civil or criminal cases, business transactions and other matters in which legal advice and other assistance are sought. This segment excludes legal services offered during disputes between businesses and individuals. B2B legal services are usually provided by commercial law firms. Clients of commercial law firms include listed corporations, government institutions, small and medium-sized enterprises, and high net worth individuals. Only goods and services traded between entities or sold to end consumers are included.

Legal service firms are using blockchain to provide a secure way to make transactions and record that transparently. Blockchain is open, distributed ledger that record transactions between the two association or companies efficiently and permanent way. According to the law firm’s survey in 2018, 53% of the legal service providing firms are researching blockchain solutions, and only 3% have implemented it. Smart contracts are created digitally and verifiable since they are on the blockchain. Smart contracts help lawyers spend more time on legal advising instead of drafting legal documents. For instance, Chainlink is a start-up that developed technology that relies on data from multiple sources and makes smart contracts more attractive. Blockchain and smart contracts offer several advantages such as secure transactions, transparent records, less paperwork, and more time for advising clients.

The B2B legal services market covered in the report is segmented by service type into civil or criminal; mergers and acquisitions; business transactions; others and by end-user into listed corporations; government institutions; small and medium-sized enterprises; high net worth individuals; others.

In January 2020, UK based law firm DWF acquired Chicago-based managed services business Mindcrest for a deal amount of $18.5 million. DWF gets a readymade low-cost legal center through this acquisition that will bolt on to the existing managed legal services capabilities. Mindcrest provides litigation support, contracts, compliance, and legal analytics for corporate clients.

An Increase in the number of mergers and acquisitions contributed to the growth of the B2B legal services market. For completing mergers and acquisitions transactions, the companies require to consult legal firms for finalizing the deal. According to the JPMorgan report on the 2020 Global M&A Outlook, the number of M&A deals in 2018 were 41, and in 2019 were 47 worldwide. The increase in the number of mergers and acquisitions drove the B2B legal services market.

The shortage of skilled workforce in the industry is expected to limit the B2B legal services market. The effects of skilled workforce shortage are high turnover rate, ineffective staff management, increased business expenses, and loss of customers. According to research by Robert Half Legal, 91% of lawyers said that finding skilled legal professionals is challenging. Around 80% of lawyers responded about being concerned on losing top performers to other opportunities. The shortage of qualified workforce reduces the effectiveness of the firms output and negatively affects B2B legal services market.
Note: Product cover images may vary from those shown
  • Arps
  • Slate
  • Meagher & Flom
  • Clifford Chance
  • Freshfields Bruckhaus Deringer
  • Linklaters
  • Skadden
  • Allen & Overy
  • Kirkland & Ellis LLP
  • Latham & Watkins LLP
  • Baker & McKenzie
  • DLA Piper and Skadden
Note: Product cover images may vary from those shown

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