Legal Services in Asia-Pacific - Market Summary, Competitive Analysis and Forecast to 2025

Legal Services in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The legal services market includes practitioners of law operating in every sector of the legal spectrum. These include, but are not limited to, commercial, criminal, legal aid, insolvency, labor/industrial, family and taxation law. The legal services market includes practitioners of law operating in every sector of the legal spectrum. These include, but are not limited to, commercial, criminal, legal aid, insolvency, labor/industrial, family and taxation law.
The Asia-Pacific legal services market had total revenues of $96.6bn in 2020, representing a compound annual growth rate (CAGR) of 5.5% between 2016 and 2020.
Market production volume increased with a CAGR of 4.7% between 2016 and 2020, to reach a total of 3.2 million number of legal professionals in 2020.
The market is largely comprised of the Chinese sub-market, which accounts for 58.2% of market value. The Chinese market has also been the strongest growth market, with annual growth of 7% over the past five years.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the legal services market in Asia-Pacific
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the legal services market in Asia-Pacific
Leading company profiles reveal details of key legal services market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific legal services market with five year forecasts

Reasons to Buy

What was the size of the Asia-Pacific legal services market by value in 2020?
What will be the size of the Asia-Pacific legal services market in 2025?
What factors are affecting the strength of competition in the Asia-Pacific legal services market?
How has the market performed over the last five years?
What are the main segments that make up Asia-Pacific's legal services market?

Frequently Asked Questions about the Legal Services Market in Asia-Pacific

What is the estimated value of the Legal Services Market in Asia-Pacific?

The Legal Services Market in Asia-Pacific was estimated to be valued at $96.63 Billion in 2020.

What is the growth rate of the Legal Services Market in Asia-Pacific?

The growth rate of the Legal Services Market in Asia-Pacific is 4.2%, with an estimated value of $118.7 Billion by 2025.

What is the forecasted size of the Legal Services Market in Asia-Pacific?

The Legal Services Market in Asia-Pacific is estimated to be worth $118.7 Billion by 2025.

Who are the key companies in the Legal Services Market in Asia-Pacific?

Key companies in the Legal Services Market in Asia-Pacific include Baker & McKenzie LLP, Clifford Chance LLP and Herbert Smith Freehills.

Report Attribute	Details
No. of Pages	44
Published	October 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 96.63 Billion
Forecasted Market Value ( USD ) by 2025	$ 118.7 Billion
Compound Annual Growth Rate	4.2%
Regions Covered	Asia Pacific

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market rivalry
1.7. Competitive Landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value
3.2. Market volume

4 Market Segmentation

4.1. Geography segmentation

5 Market Outlook

5.1. Market value forecast
5.2. Market volume forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What alternative legal services providers are competing with leading players?
7.4. What are the recent developments for the leading players?

8 Company Profiles

8.1. Baker & McKenzie LLP
8.2. Clifford Chance LLP
8.3. Herbert Smith Freehills

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Publisher

List of Tables

Table 1: Asia-Pacific legal services market value: $ billion, 2016-20
Table 2: Asia-Pacific legal services market volume: thousand number of legal professionals, 2016-20
Table 3: Asia-Pacific legal services market geography segmentation: $ billion, 2020
Table 4: Asia-Pacific legal services market value forecast: $ billion, 2020-25
Table 5: Asia-Pacific legal services market volume forecast: thousand number of legal professionals, 2020-25
Table 6: Baker & McKenzie LLP: key facts
Table 7: Baker & McKenzie LLP: Key Employees
Table 8: Baker & McKenzie LLP: Key Employees Continued
Table 9: Baker & McKenzie LLP: Key Employees Continued
Table 10: Baker & McKenzie LLP: Key Employees Continued
Table 11: Clifford Chance LLP: key facts
Table 12: Clifford Chance LLP: Key Employees
Table 13: Herbert Smith Freehills: key facts
Table 14: Herbert Smith Freehills: Key Employees
Table 15: Asia-Pacific exchange rate, 2016-20

List of Figures

Figure 1: Asia-Pacific legal services market value: $ billion, 2016-20
Figure 2: Asia-Pacific legal services market volume: thousand number of legal professionals, 2016-20
Figure 3: Asia-Pacific legal services market geography segmentation: % share, by value, 2020
Figure 4: Asia-Pacific legal services market value forecast: $ billion, 2020-25
Figure 5: Asia-Pacific legal services market volume forecast: thousand number of legal professionals, 2020-25
Figure 6: Forces driving competition in the legal services market in Asia-Pacific, 2020
Figure 7: Drivers of buyer power in the legal services market in Asia-Pacific, 2020
Figure 8: Drivers of supplier power in the legal services market in Asia-Pacific, 2020
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in Asia-Pacific, 2020
Figure 10: Factors influencing the threat of substitutes in the legal services market in Asia-Pacific, 2020
Figure 11: Drivers of degree of rivalry in the legal services market in Asia-Pacific, 2020