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Global Legal Services Market Summary, Competitive Analysis and Forecast to 2027

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    Report

  • 48 Pages
  • July 2023
  • Region: Global
  • MarketLine
  • ID: 5852809
Global Legal Services industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). 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 global legal services market had total revenues of $715.2 billion in 2022, representing a compound annual growth rate (CAGR) of 3.7% between 2017 and 2022.
  • Market consumption volume increased with a CAGR of 3.5% between 2017 and 2022, to reach a total of 8.2 million law personnel in 2022.
  • The market growth in 2022 is attributed to economic growth, the growing affordability of legal services backed by increasing income levels and employment, population growth, and rising demand for legal services among individuals, businesses, and government entities.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the legal services market in the global
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global legal services market
  • 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 Global legal services market with five year forecasts by both value and volume

Reasons to Buy

  • What was the size of the Global legal services market by value in 2022?
  • What will be the size of the Global legal services market in 2027?
  • What factors are affecting the strength of competition in the Global legal services market?
  • How has the market performed over the last five years?
  • What are the main segments that make up the global's legal services market?

Table of Contents

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 are the recent developments for the leading players?
8 Company Profiles
8.1. Baker & McKenzie LLP
8.2. Kirkland & Ellis LLP
8.3. Latham & Watkins LLP
8.4. Freshfields Bruckhaus Deringer LLP
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: Global legal services market value: $ billion, 2017-22
Table 2: Global legal services market volume: thousand personnels, 2017-22
Table 3: Global legal services market geography segmentation: $ billion, 2022
Table 4: Global legal services market value forecast: $ billion, 2022-27
Table 5: Global legal services market volume forecast: thousand personnels, 2022-27
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: Kirkland & Ellis LLP: key facts
Table 12: Kirkland & Ellis LLP: Key Employees
Table 13: Latham & Watkins LLP: key facts
Table 14: Latham & Watkins LLP: Key Employees
Table 15: Freshfields Bruckhaus Deringer LLP: key facts
Table 16: Freshfields Bruckhaus Deringer LLP: Key Employees
Table 17: Global exchange rate, 2018-22
List of Figures
Figure 1: Global legal services market value: $ billion, 2017-22
Figure 2: Global legal services market volume: thousand personnels, 2017-22
Figure 3: Global legal services market geography segmentation: % share, by value, 2022
Figure 4: Global legal services market value forecast: $ billion, 2022-27
Figure 5: Global legal services market volume forecast: thousand personnels, 2022-27
Figure 6: Forces driving competition in the global legal services market, 2022
Figure 7: Drivers of buyer power in the global legal services market, 2022
Figure 8: Drivers of supplier power in the global legal services market, 2022
Figure 9: Factors influencing the likelihood of new entrants in the global legal services market, 2022
Figure 10: Factors influencing the threat of substitutes in the global legal services market, 2022
Figure 11: Drivers of degree of rivalry in the global legal services market, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Baker & McKenzie LLP
  • Kirkland & Ellis LLP
  • Latham & Watkins LLP
  • Freshfields Bruckhaus Deringer LLP