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Legal Services Global Market Opportunities and Strategies to 2030: COVID-19 Impact and Recovery

  • ID: 5353030
  • Report
  • June 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • Advokatfirman Vinge KB
  • Beijing Yingke Law Firm
  • Clyde & Co LLP
  • GB Attorneys
  • Latham & Watkins LLP
  • Pinheiro Guimarães
Legal Services Global Market Opportunities and Strategies to 2030: COVID-19 Impact and Recovery 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 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 based on 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 report covers the following chapters:
  • Executive Summary - The executive summary section of the report gives a brief overview and summary of the report.
  • Report Structure - This section gives the structure of the report and the information covered in the various sections.
  • 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.
  • Supply Chain - The supply chain section of the report defines and explains the key players in the legal services industry supply chain.
  • Service Analysis - The product analysis section of the report describes the leading products along with key features and differentiators for those products/services.
  • Customer Information - This chapter covers recent customer and service providers’ trends/preferences in the global legal services market.
  • 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.
  • 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.
  • Online Legal Services - This section describes the emerging online legal services market: market characteristics, competitive landscape, end users and threats.
  • Porter’s Five Forces - This chapter describes the industry competition through porter’s five forces analysis.
  • PESTEL Analysis - This chapter describes the market opportunity assessment through PESTEL analysis.
  • Legal Industry Country Landscape - This section provides information about legal system and legal services overview in major countries.
  • Global Market Size and Growth - This section contains the global historic (2015-2019) and forecast (2019-2023), (2023-2025), and (2025-2030) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
  • Segmentation - This section contains the market values (2015-2030) and analysis for different segments.
  • 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.
  • Regional Analysis - This section contains the historic (2015-2020) and forecast (2020-2025) market value and growth, and market share comparison by region and country.
  • Legal Industry Country Landscape - This section covers details on the legal system and on the legal industry in major countries covered in the report.
  • Regional Market Size and Growth - This section contains the region’s market size (2019), historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, South America, Middle East and Africa and major countries within each region. The market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies.
  • 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.
  • 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.
Market Background - This section describes the professional services market of which the legal services market is a segment. This chapter includes the professional services 2015-20 and 2020-25 values, and regional and country analyses for the professional services market.
  • Market Opportunities and Strategies - This section includes market opportunities and strategies based on 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.
  • Conclusions and Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for legal services companies in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
  • Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope

Markets Covered:

1) By Size of Law Firm: Large Law Firms; SME Law Firms
2) By Type of Law Firm: B2B Legal Services; B2C Legal Services; Hybrid Legal Services; Criminal Law Practices
3) By End Users: Individuals; Financial Services; Mining and Oil & Gas; Manufacturing; Construction; IT Services; Other Services; Others.
4) By Type of Practice: Litigation; Corporate; Labor/Employment; Real Estate; Patent Litigation; Tax; Bankruptcy; Others

Companies Mentioned: Kirkland & Ellis LLP; Latham & Watkins LLP; DLA Piper; Baker & McKenzie; Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates

Metrics Covered: Number of Enterprises; Number of Employees

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

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

  • Advokatfirman Vinge KB
  • Beijing Yingke Law Firm
  • Clyde & Co LLP
  • GB Attorneys
  • Latham & Watkins LLP
  • Pinheiro Guimarães

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. Segmentation By Geography
6.2. Segmentation By Type Of Service
6.3. Segmentation By Size Of Law Firm
6.4. Segmentation By Type Of Practice
6.5. Segmentation By End-Users

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 Analysis
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. Social Media Presence Among Law Firms
10.1.2. Impact Of COVID-19 On Legal Services
10.1.3. Increase In Online Legal Research Resources
10.1.4. Technology Resistance In Legal Organizations
10.1.5. Impact Of Transformational Technologies On Legal Entities
10.1.6. Major Concerns With Commercial Manufacturing Laws
10.1.7. 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 The Legal Services Market
11.9. Alternative Legal Service Models
11.10. Globalization
11.11. Alternative Billing Models
11.12. 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 Market
13.1. Overview
13.2. Key Players In The Online Legal Services Market
13.3. Customer/Clients Of Online Legal Services
13.4. Threats Of Online Legal Services

14. Impact Of COVID-19 On Legal Services Market
14.1. Impact On The Global Legal Services Market
14.2. Increased Demand For Online Legal Services
14.3. Increase In Demand For Arbitration When Compared To Litigation

15. Porter`s Five Forces Model
15.1. Bargaining Power of Buyer
15.2. Bargaining Power of Suppliers
15.3. Threat Of New Entrants
15.4. Threat of Substitutes
15.5. Industry Competition

16. Legal Services Market Opportunity Assessment, PESTEL Analysis
16.1. Political
16.2. Economic
16.3. Social
16.4. Technological
16.5. Environmental
16.6. Legal

17. Legal Industry Country Landscape
17.1. China
17.2. India
17.3. Japan
17.4. Australia
17.5. UK
17.6. Germany
17.7. France
17.8. Italy
17.9. Spain
17.10. Russia
17.11. USA
17.12. Brazil

18. Global Legal Services Market Size and Growth
18.1. Market Size
18.2. Historic Market Growth, 2015 - 2020, Value ($ Billion)
18.2.1. Drivers Of The Market 2015 - 2020
18.2.2. Restraints On The Market 2015 - 2020
18.3. Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
18.3.1. Drivers Of The Market 2020 - 2025
18.3.2. Restraints On The Market 2020 - 2025

19. Legal Services Market, Regional and Country Analysis
19.1. Global Legal Services Market, By Region, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
19.2. Global Legal Services Market, 2015 - 2025, Historic and Forecast, By Region
19.3. Global Legal Services Market, 2020 - 2025, Growth and Market Share Comparison, By Region
19.4. Global Legal Services Market, By Country, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
19.5. Global Legal Services Market, 2015 - 2025, Historic and Forecast, By Country
19.6. Global Legal Services Market, 2020 - 2025, Growth and Market Share Comparison, By Country

20. Global Legal Services Market Segmentation
20.1. Global Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
20.1.1. B2B Legal Services
20.1.2. B2C Legal Services
20.1.3. Criminal Law Practices
20.1.4. Hybrid Legal Services
20.2. Global Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
20.2.1. Large Law Firms
20.2.2. SME Law Firms
20.3. Global Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
20.3.1. Corporate
20.3.2. Litigation
20.3.3. Others
20.3.4. Real Estate
20.3.5. Labor/Employment
20.3.6. Patent Litigation
20.3.7. Tax
20.3.8. Bankruptcy
20.4. Global Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
20.4.1. Individuals
20.4.2. Financial Services
20.4.3. Others
20.4.4. Mining and Oil & Gas
20.4.5. Other Services
20.4.6. Manufacturing
20.4.7. Construction
20.4.8. IT-Services

21. Global Legal Services Market Comparison with Macro Economic Factors
21.1. Legal Services Market Size, Percentage Of GDP, Global
21.2. Per Capita Average Legal Services Market Expenditure, Global

22. Global Legal Services Market Comparison With Macro Economic Factors Across Countries
22.1. Global Legal Services Market Size, Percentage Of GDP, By Country
22.2. Global Per Capita Average Legal Services Market Expenditure, By Country

23. Global Legal Services Market Metrics
23.1. Estimated Number Of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2020
23.2. Estimated Number Of Lawyers, Legal Services Market, Legal Services Market/Number of Lawyers, 2020

24. Asia-Pacific Legal Services Market
24.1. Asia-Pacific Legal Services Market Overview
24.2. Asia-Pacific Legal Services Market Overview
24.2.1. Region Information
24.2.2. Market Information
24.2.3. COVID-19 Impact
24.2.4. Background Information
24.2.5. Taxes Levied
24.2.6. Corporate Tax Structure
24.2.7. Regulatory Bodies
24.2.8. Regulations
24.2.9. Licensing Body
24.2.10. Government Initiatives
24.2.11. Industry Associations
24.2.12. Major Law Firms
24.3. Asia-Pacific Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
24.4. Asia-Pacific Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
24.5. Asia-Pacific Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.6. Asia-Pacific Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.7. Asia-Pacific Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
24.8. Asia-Pacific Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.9. Asia-Pacific Legal Services Market: Country Analysis
24.10. China Legal Services Market
24.11. China Legal Services Market Overview
24.11.1. Country Information
24.11.2. Market Information
24.11.3. COVID-19 Impact
24.11.4. Background Information
24.11.5. Taxes Levied
24.11.6. Corporate Tax Structure
24.11.7. Regulatory Bodies
24.11.8. Regulations
24.11.9. Licensing Body
24.11.10. Government Initiatives
24.11.11. Industry Associations
24.11.12. Major Law Firms
24.12. China Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
24.13. China Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
24.14. China Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.15. China Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.16. China Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
24.17. China Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.18. India Legal Services Market
24.19. India Legal Services Market Overview
24.19.1. Country Information
24.19.2. Market Information
24.19.3. COVID-19 Impact
24.19.4. Background Information
24.19.5. Taxes Levied
24.19.6. Corporate Tax Structure
24.19.7. Regulatory Bodies
24.19.8. Regulations
24.19.9. Licensing Body
24.19.10. Government Initiatives
24.19.11. Industry Associations
24.19.12. Major Law Firms
24.20. India Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
24.21. India Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
24.22. India Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.23. India Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.24. India Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
24.25. India Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.26. Japan Legal Services Market
24.27. Japan Legal Services Market Overview
24.27.1. Country Information
24.27.2. Market Information
24.27.3. COVID-19 Impact
24.27.4. Background Information
24.27.5. Taxes Levied
24.27.6. Corporate Tax Structure
24.27.7. Regulatory Bodies
24.27.8. Regulations
24.27.9. Licensing Body
24.27.10. Government Initiatives
24.27.11. Industry Associations
24.27.12. Major Law Firms
24.28. Japan Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
24.29. Japan Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
24.30. Japan Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.31. Japan Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.32. Japan Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
24.33. Japan Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.34. Australia Legal Services Market
24.35. Australia Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
24.36. Australia Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
24.37. Australia Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.38. Australia Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.39. Australia Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
24.40. Australia Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.41. Indonesia Legal Services Market
24.42. Indonesia Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
24.43. Indonesia Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
24.44. Indonesia Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.45. Indonesia Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.46. Indonesia Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
24.47. Indonesia Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.48. South Korea Legal Services Market
24.49. South Korea Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
24.50. South Korea Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
24.51. South Korea Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.52. South Korea Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
24.53. South Korea Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
24.54. South Korea Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)

25. Western Europe Legal Services Market
25.1. Western Europe Legal Services Market Overview
25.1.1. Market Information
25.1.2. Background Information
25.1.3. Taxes Levied
25.1.4. Corporate Tax Structure
25.1.5. Regulatory Bodies
25.1.6. Regulations
25.1.7. Licensing Body
25.1.8. Government Initiatives
25.1.9. Industry Associations
25.1.10. Major Law Firms
25.2. Western Europe Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
25.3. Western Europe Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
25.4. Western Europe Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
25.5. Western Europe Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
25.6. Western Europe Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
25.7. Western Europe Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
25.8. Western Europe Legal Services Market: Country Analysis
25.9. UK Legal Services Market
25.10. UK Legal Services Market Overview
25.10.1. Country Information
25.10.2. COVID-19 Impact
25.10.3. Market Information
25.10.4. Background Information
25.10.5. Taxes Levied
25.10.6. Corporate Tax Structure
25.10.7. Regulatory Bodies
25.10.8. Regulations
25.10.9. Licensing Body
25.10.10. Government Initiatives
25.10.11. Industry Associations
25.10.12. Investments
25.10.13. Major Law Firms
25.11. UK Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
25.12. UK Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
25.13. UK Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
25.14. UK Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
25.15. UK Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
25.16. UK Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
25.17. Germany Legal Services Market
25.17.1. Country Information
25.17.2. Market Information
25.17.3. Background Information
25.17.4. Taxes Levied
25.17.5. Corporate Tax Structure
25.17.6. Regulatory Bodies
25.17.7. Regulations
25.17.8. Licensing Body
25.17.9. Industry Associations
25.17.10. Major Law Firms
25.18. Germany Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
25.19. Germany Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
25.20. Germany Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
25.21. Germany Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
25.22. Germany Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
25.23. Germany Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
25.24. France Legal Services Market
25.25. France Legal Services Market Overview
25.25.1. Country Information
25.25.2. Market Information
25.25.3. Background Information
25.25.4. Taxes Levied
25.25.5. Corporate Tax Structure
25.25.6. Regulatory Bodies
25.25.7. Regulations
25.25.8. Licensing Body
25.25.9. Industry Associations
25.25.10. Major Law Firms
25.26. France Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
25.27. France Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
25.28. France Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
25.29. France Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
25.30. France Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
25.31. France Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)

26. Eastern Europe Legal Services Market
26.1. Eastern Europe Legal Services Market Overview
26.1.1. Region Information
26.1.2. COVID-19 Impact
26.1.3. Market Information
26.1.4. Background Information
26.1.5. Taxes Levied
26.1.6. Corporate Tax Structure
26.1.7. Regulatory Bodies
26.1.8. Regulations
26.1.9. Licensing Body
26.1.10. Industry Associations
26.1.11. Major Law Firms
26.2. Eastern Europe Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
26.3. Eastern Europe Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
26.4. Eastern Europe Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
26.5. Eastern Europe Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
26.6. Eastern Europe Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
26.7. Eastern Europe Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
26.8. Eastern Europe Legal Services Market: Country Analysis
26.9. Russia Legal Services Market
26.10. Russia Services Market Overview
26.10.1. Country Information
26.10.2. Market Information
26.10.3. Background Information
26.10.4. Taxes Levied
26.10.5. Corporate Tax Structure
26.10.6. Regulatory Bodies
26.10.7. Regulations
26.10.8. Licensing Body
26.10.9. Industry Associations
26.10.10. Major Law Firms
26.11. Russia Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
26.12. Russia Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
26.13. Russia Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
26.14. Russia Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
26.15. Russia Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
26.16. Russia Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)

27. North America Legal Services Market
27.1. North America Legal Services Market Overview
27.1.1. Region Information
27.1.2. Covid-19 Impact
27.1.3. Market Information
27.1.4. Background Information
27.1.5. Taxes Levied
27.1.6. Corporate Tax Structure
27.1.7. Regulatory Bodies
27.1.8. Regulations
27.1.9. Licensing Body
27.1.10. Government Initiatives
27.1.11. Industry Associations
27.1.12. Major Law Firms
27.2. North America Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
27.3. North America Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
27.4. North America Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
27.5. North America Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
27.6. North America Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
27.7. North America Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
27.8. North America Legal Services Market: Country Analysis
27.9. USA Legal Services Market
27.10. USA Legal Services Market Overview
27.10.1. Country Information
27.10.2. Market Information
27.10.3. Covid-19 Impact
27.10.4. Background Information
27.10.5. Taxes Levied
27.10.6. Corporate Tax Structure
27.10.7. Regulatory Bodies
27.10.8. Regulations
27.10.9. Licensing Body
27.10.10. Government Initiatives
27.10.11. Industry Associations
27.10.12. Investments
27.10.13. Major Law Firms
27.11. USA Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
27.12. USA Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
27.13. USA Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
27.14. USA Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
27.15. USA Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
27.16. USA Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)

28. South America Legal Services Market
28.1. South America Legal Services Market Overview
28.1.1. Region Information
28.1.2. Market Information
28.1.3. COVID-19 Impact
28.1.4. Background Information
28.1.5. Taxes Levied
28.1.6. Corporate Tax Structure
28.1.7. Regulatory Bodies
28.1.8. Regulations
28.1.9. Licensing Body
28.1.10. Government Initiatives
28.1.11. Industry Associations
28.1.12. Major Law Firms
28.2. South America Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
28.3. South America Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
28.4. South America Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
28.5. South America Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
28.6. South America Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
28.7. South America Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
28.8. South America Legal Services Market: Country Analysis
28.9. Brazil Legal Services Market
28.10. Brazil Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
28.11. Brazil Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
28.12. Brazil Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
28.13. Brazil Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
28.14. Brazil Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
28.15. Brazil Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)

29. Middle East Legal Services Market
29.1. Middle East Legal Services Market Overview
29.1.1. Region Information
29.1.2. Market Information
29.1.3. COVID-19 impact
29.1.4. Background Information
29.1.5. Taxes Levied
29.1.6. Corporate Tax Structure
29.1.7. Regulatory Bodies
29.1.8. Licensing Body
29.1.9. Industry Associations
29.1.10. Major Law Firms
29.2. Middle East Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
29.3. Middle East Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
29.4. Middle East Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
29.5. Middle East Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
29.6. Middle East Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
29.7. Middle East Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)

30. Africa Legal Services Market
30.1. Africa Legal Services Market Overview
30.1.1. Region Information
30.1.2. COVID-19 Impact
30.1.3. Market Information
30.1.4. Background Information
30.1.5. Taxes Levied
30.1.6. Corporate Tax Structure
30.1.7. Regulatory Bodies
30.1.8. Licensing Body
30.1.9. Industry Associations
30.1.10. Major Law Firms
30.2. Africa Legal Services Market, Historic Market Growth, 2015 - 2020, Value ($ Billion)
30.3. Africa Legal Services Market, Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Billion)
30.4. Africa Legal Services Market, Segmentation By Type Of Service, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
30.5. Africa Legal Services Market, Segmentation By Size Of Law Firm, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)
30.6. Africa Legal Services Market, Segmentation By Type Of Practice, 2020, Value ($ Billion)
30.7. Africa Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Billion)

31. Global Legal Services Market Competitive Landscape
31.1. Company Profiles
31.2. Kirkland & Ellis LLP
31.2.1. Company Overview
31.2.2. Products and Services
31.2.3. Business Strategy
31.2.4. Financial Overview
31.3. Latham & Watkins LLP
31.3.1. Company Overview
31.3.2. Products and Services
31.3.3. Business Strategy
31.3.4. Financial Overview
31.4. DLA Piper
31.4.1. Company Overview
31.4.2. Products and Services
31.4.3. Business Strategy
31.4.4. Financial Overview
31.5. Baker & McKenzie
31.5.1. Company Overview
31.5.2. Products and Services
31.5.3. Business Strategy
31.5.4. Financial Overview
31.6. Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
31.6.1. Company Overview
31.6.2. Products and Services
31.6.3. Business Strategy
31.6.4. Financial overview

32. Key Mergers and Acquisitions In The Legal Services Market
32.1. Deloitte Acquired Kemp
32.2. Dentons Merged With Sirote & Permutt
32.3. Dentons Merged With Davis Brown
32.4. EY Acquired Thomson Reuters’ Pangea3 Legal Managed Services (LMS) Business
32.5. EY Acquired Riverview Law
32.6. CIVC Partners Acquired Magna Legal Services
32.7. Clark Hill PLC Acquired Morris Polich & Purdy LLP
32.8. CMS Cameron McKenna, Nabarro LLP and Olswang LLP Merger
32.9. Keais Records Service, LLC Acquired National Legal Services, LLC
32.10. Plutos Sama, LLC Acquired J Peterman Legal Group, LLC
32.11. Dentons Merged With Dacheng Law Offices
32.12. Locke Lord Merged With Edwards Wildman

33. Market Background: Professional Services Market
33.1. Professional Services Market Characteristics
33.1.1. Market Definition
33.1.2. Segmentation By Service Type
33.2. Global Professional Services Market, Segmentation By Type Of Service, 2015 - 2025, Value ($ Billion)
33.3. Global Professional Services Market, 2020, By Region, Value ($ Billion)
33.4. Global Professional Services Market, 2015 - 2025, Historic and Forecast, By Region

34. Global Legal Services Market Opportunities and Strategies
34.1. Global Legal Services Market In 2025 - Countries Offering Most New Opportunities
34.2. Global Legal Services Market In 2025 - Segments Offering Most New Opportunities
34.3. Global Legal Services Market In 2025 - Growth Strategies
34.3.1. Market Trend Based Strategies
34.3.2. Competitor Strategies

35. Legal Services Market, Conclusions and Recommendations
35.1. Conclusions
35.2. Recommendations
35.2.1. Product
35.2.2. Place
35.2.3. Price
35.2.4. Promotion
35.2.5. People

36. Appendix
36.1. Market Data Sources
36.2. NAICS Definition Of The Industry Covered In This Report
36.3. Research Methodology
36.4. Currencies
36.5. Research Inquiries
36.6. About the Publisher
36.7. Copyright and Disclaimer

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FEATURED COMPANIES

  • Advokatfirman Vinge KB
  • Beijing Yingke Law Firm
  • Clyde & Co LLP
  • GB Attorneys
  • Latham & Watkins LLP
  • Pinheiro Guimarães
This report describes and explains the legal services market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.

The legal services market reached a value of nearly $713.7 billion in 2020, having increased at a compound annual growth rate (CAGR) of 3.4% since 2015. The market is expected to grow from $713.7 billion in 2020 to $908.26 billion in 2025 at a rate of 4.9%. The market is then expected to grow at a CAGR of 4.8% from 2025 and reach $1,145.9 billion in 2030.

Growth in the historic period resulted from strong economic growth in emerging markets, increased mergers and acquisitions (M&A), rise in consumer spending/increase in disposable income, and deregulation of the legal industry. Factor that negatively affected growth in the historic period was regulatory challenges, skills shortages, and in-house legal teams increased pressure on traditional law firms.

Going forward, increasing demand for transactional practice areas, growing legal tech industry, and globalization will drive the growth. Factors that could hinder the growth of the legal services market in the future include rising costs and decreasing margins, lack of transparency and consistent service quality, data security issues, reduction in free trade, and impact of COVID-19.

The legal services market is segmented by type of law service into B2B legal services, B2C legal services, hybrid legal services and criminal law practices. The B2B legal services was the largest segment of the legal services market segmented by type of service, accounting for 54.7% of the total in 2020. Going forward, the hybrid legal services segment is expected to be the fastest growing segment in the legal services market segmented by type of service, at a CAGR of 6.6% during 2020-2025.

The legal services market is also segmented by size of law firm into large law firms and SME law firms. The large law firms was the largest segment of the legal services market segmented by size of law firm, accounting for 63.5% of the total in 2020. Going forward, the large law firms’ segment is expected to be the fastest growing segment in the legal services market segmented by size of law firm, at a CAGR of 6.0% during 2020-2025.

The legal services market is also segmented by type of practice into litigation, corporate, labor/employment, real estate, patent litigation, tax, bankruptcy and others (regulatory, M&A, antitrust, environmental). The corporate was the largest segment of the legal services market segmented by type of practice, accounting for 28.2% of the total in 2020.

The legal services market is also segmented by end-user into individuals, financial services, mining and oil & gas, manufacturing, construction, IT services, other services and others. The individuals was the largest segment of the legal services market segmented by end-user, accounting for 40.4% of the total in 2020. Going forward, the IT services is expected to be the fastest growing segment in the legal services market segmented by end-user, at a CAGR of 11.5% during 2020-2025.

North America was the largest region in the legal services market, accounting for 56.3% of the total in 2020. It was followed by Western Europe, 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 14.1% and 8.0% respectively. These will be followed by Asia Pacific, and Eastern Europe where the markets are expected to grow at CAGRs of 7.2% and 7.1% respectively.

The legal services market is expected to be negatively impacted due to the spread of COVID-19. The market faced several issues such as closures of law firms, the slowdown in services, absence of clients, cancellation of appointments and agreements by clients, decrease in the available workforce due to illness or isolation and difficulty to holding specific meetings and services. According to a study by Clio, around 77% of the legal professionals surveyed stated they faced a disruption in day-to-day activities due to COVID. Around 56% of legal professionals surveyed also faced a significant decrease in the number of people reaching out their law practice for services. This is expected to negatively impact the market.

The legal services market is highly fragmented, with a large number of small players operating in the market. The top five competitors in the market made up to 3.82% of the total market in 2019. The key players in the industry are focusing on expanding their geographical presence in market through strategic partnership and collaborations with existing domestic players. Major players I the market includes Kirkland & Ellis LLP, Latham & Watkins LLP, DLA Piper, Baker & McKenzie, and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates.

The top opportunities in the legal services market segmented by type of service will arise in the B2B legal services segment, which will gain $104.3 billion of global annual sales by 2025. The top opportunities in segment by size of a law firm will arise in the large law firms segment, which will gain $154.7 billion of global annual sales by 2025. The top opportunities in segment by end user will arise in the financial services segment, which will gain $61.8billion of global annual sales by 2025. The legal services market size will gain the most in the USA at $72.9 billion.

Market-trend-based strategies for the legal services market include engaging ALSPs for outsourcing purposes, broadening services with information technology solutions, offering cybercrime and data protection consulting, investing in data security systems, outsourcing non-critical functions to offshore centers, expanding their services portfolios and including services, such as finance and accounting, among others, employing non-lawyer professionals to deal with legal issues such as contract law, patent law, bankruptcy law, tax law, and others.

Player-adopted strategies in the legal services market include expansion into new geographies through strategic partnerships and collaborations, expansion in M&A practices, diversification of the firms, and enhancing their services by increasing partners headcount.

To take advantage of the opportunities, the publisher recommends the legal services companies to provide cybercrime consulting services, offer online legal services, adopt digital technologies, expand in emerging markets, offer alternative billing/pricing solutions, leverage social media, acquire or collaborate with other companies and prioritize staff retention.
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A selection of companies mentioned in this report includes:

  • Kirkland & Ellis LLP
  • Latham & Watkins LLP
  • DLA Piper
  • Baker & McKenzie
  • Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
  • Clifford Chance LLP
  • Sidley Austin LLP
  • Morgan, Lewis & Bockius LLP
  • Allen & Overy LLP
  • Linklaters LLP
  • Beijing Yingke Law Firm
  • Dacheng Law Offices
  • Rajah & Tann
  • Allen & Gledhill LLP and
  • Tilleke & Gibbins
  • ZICO Law
  • Nishimura & Asahi
  • Amarchand & Mangaldas & Suresh A. Shroff & Co
  • Kim & Chang
  • Clifford Chance
  • Borenius
  • Allen & Overy
  • Linklaters Garrigues
  • Hengeler Mueller And Fidal
  • Advokatfirman Vinge KB
  • Advokatfirmaet Thommessen AS
  • Castrén & Snellman
  • Wikborg Rein
  • Egorov Puginsky Afanasiev & Partners
  • VJT & Partners Law Firm
  • Dentons
  • Pepeliaev Group
  • Hoskin & Harcourt
  • Latham & Watkins
  • Osler
  • Cravath Swaince & Moore
  • Baker McKenzie
  • Skadden, Arps, Slate, Meagher & Flom
  • Norton Rose Fulbright LLP
  • Hogan Lovells
  • Jones Day
  • Demarest Advogados
  • Carpena Advogados Associados
  • Lobo de Rizzo Advogados
  • Pinheiro Guimarães
  • Clyde & Co LLP
  • Edward Nathan Sonnenbergs
  • Yigal Arnon & Co
  • Herzog Fox & Neeman
  • Al Tamimi & Company
  • GB Attorneys
  • Webber Wentzel
  • Erward Nathan Sonnenbergs
  • Norton Rose Fulbright South Africa
  • Cliffe Dekker Hofmeyr
  • B M Musau & Company
  • Bitala & Co Advocates
  • Bowmans
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