+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

B2B Legal Services Global Market Report 2022

  • ID: 5515076
  • Report
  • December 2021
  • Region: Global
  • 175 Pages
  • The Business Research Company

FEATURED COMPANIES

  • Allen & Overy LLP
  • Baker & McKenzie
  • DLA Piper
  • Jones Day
  • Kirkland & Ellis LLP
  • Latham & Watkins LLP
B2B Legal Services Global Market Report 2022 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:

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

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

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.


This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global B2B Legal Services Market

What is the estimated value of the Global B2B Legal Services Market?

The Global B2B Legal Services Market was estimated to be valued at $432.7 billion in 2022.

What is the growth rate of the Global B2B Legal Services Market?

The growth rate of the Global B2B Legal Services Market is 9.0%, with an estimated value of $610.0 billion by 2026.

What is the forecasted size of the Global B2B Legal Services Market?

The Global B2B Legal Services Market is estimated to be worth $610.0 billion by 2026.

Who are the key companies in the Global B2B Legal Services Market?

Key companies in the Global B2B Legal Services Market include Latham & Watkins LLP, Kirkland & Ellis LLP, DLA Piper, Baker & McKenzie, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, Sidley Austin LLP, Morgan, Lewis & Bockius LLP, Linklaters LLP and Allen & Overy LLP.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Allen & Overy LLP
  • Baker & McKenzie
  • DLA Piper
  • Jones Day
  • Kirkland & Ellis LLP
  • Latham & Watkins LLP

1. Executive Summary2. B2B Legal Services Market Characteristics3. B2B Legal Services Market Trends And Strategies4. Impact Of COVID-19 On B2B Legal Services
5. B2B Legal Services Market Size And Growth
5.1. Global B2B Legal Services Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global B2B Legal Services Forecast Market, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Civil or Criminal
  • Mergers and Acquisitions
  • Business Transactions
  • Others
6.2. Global B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global B2B Legal Services Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India B2B Legal Services Market
10.1. India B2B Legal Services Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan B2B Legal Services Market
11.1. Japan B2B Legal Services Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia B2B Legal Services Market
12.1. Australia B2B Legal Services Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia B2B Legal Services Market
13.1. Indonesia B2B Legal Services Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea B2B Legal Services Market
14.1. South Korea B2B Legal Services Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK B2B Legal Services Market
16.1. UK B2B Legal Services Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany B2B Legal Services Market
17.1. Germany B2B Legal Services Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France B2B Legal Services Market
18.4. France B2B Legal Services Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia B2B Legal Services Market
20.1. Russia B2B Legal Services Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil B2B Legal Services Market
24.1. Brazil B2B Legal Services Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa B2B Legal Services Market, Segmentation By End-user, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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. Latham & Watkins LLP
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. Kirkland & Ellis LLP
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. DLA Piper
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. Baker & McKenzie
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. Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
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 Market29. B2B Legal Services Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. The Business Research Company
30.5. Copyright And Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Allen & Overy LLP
  • Baker & McKenzie
  • DLA Piper
  • Jones Day
  • Kirkland & Ellis LLP
  • Latham & Watkins LLP
Major players in the B2B legal services market are Latham & Watkins LLP, Kirkland & Ellis LLP, DLA Piper, Baker & McKenzie, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, Sidley Austin LLP, Morgan, Lewis & Bockius LLP, Linklaters LLP, Jones Day and Allen & Overy LLP.

The global b2b legal services market is expected to grow from $390.92 billion in 2021 to $432.67 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. 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 $610.02 billion in 2026 at a CAGR of 9.0%.

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.

The main types of B2B legal services are civil or criminal, mergers and acquisitions, business transactions, and others. Mergers and acquisitions are deals in which two companies combine in some way. In a merger, two companies of comparable size join forces to form a new corporate entity. An acquisition, on the other hand, occurs when a larger corporation acquires a smaller company, absorbing the smaller company's business. The services is divided into size of the law forms such as large law firms and small law firms and the services are used by listed corporations, government institutions, small and medium-sized enterprises, high net worth individuals, and others.

North America was the largest region in the b2b legal services market in 2021. Western Europe was the second largest region in b2b legal services market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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 Refinitiv data, the total value of disclosed pending and completed deals in 2021 has already surpassed $3.6 trillion year to date, surpassing the full-year total of $3.59 trillion in 2020. 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 new study into the extent of the skills shortage conducted by The Lawyer in 2021, 58% of legal organisations are currently feeling the strain of a lack of competent workers. The shortage of qualified workforce reduces the effectiveness of the firms output and negatively affects B2B legal services market.

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 a law firm research report in 2020, 41% of law firms will employ blockchain in transactional legal services, 21% for business assistance, and the remaining 31% for high-value legal services. 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.

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.

The countries covered in the B2B legal services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Latham & Watkins LLP
  • Kirkland & Ellis LLP
  • DLA Piper
  • Baker & McKenzie
  • Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
  • Sidley Austin LLP
  • Morgan, Lewis & Bockius LLP
  • Linklaters LLP
  • Jones Day
  • Allen & Overy LLP
Note: Product cover images may vary from those shown

Loading
LOADING...