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Germany Legal Services Market Summary, Competitive Analysis and Forecast, 2017-2026

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    Report

  • 47 Pages
  • November 2022
  • Region: Germany
  • MarketLine
  • ID: 5714756
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Legal Services in Germany industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). 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 German legal services market had total revenues of $27.0 billion in 2021, representing a compound annual growth rate (CAGR) of 1.9% between 2016 and 2021.
  • Market production volume increased with a CAGR of 0.4% between 2016 and 2021, to reach a total of 167,300 practitioners of law in 2021.
  • Market growth over the past five years has been inhibited by fluctuating business conditions, weak growth in household income, and increasing price sensitivity among clients.

Scope

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

Reasons to Buy

  • What was the size of the Germany legal services market by value in 2021?
  • What will be the size of the Germany legal services market in 2026?
  • What factors are affecting the strength of competition in the Germany legal services market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Germany's legal services market?
Frequently Asked Questions about the German Legal Services Market

What is the estimated value of the German Legal Services Market?

The German Legal Services Market was estimated to be valued at $27.04 Billion in 2021.

What is the growth rate of the German Legal Services Market?

The growth rate of the German Legal Services Market is 1.6%, with an estimated value of $29.37 Billion by 2026.

What is the forecasted size of the German Legal Services Market?

The German Legal Services Market is estimated to be worth $29.37 Billion by 2026.

Who are the key companies in the German Legal Services Market?

Key companies in the German Legal Services Market include Hengeler Mueller Partnerschaft von Rechtsanwalten mbB, Taylor Wessing LLP and Noerr LLP.

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 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. Hengeler Mueller Partnerschaft von Rechtsanwalten mbB
8.2. Taylor Wessing LLP
8.3. Freshfields Bruckhaus Deringer LLP
8.4. Noerr 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: Germany legal services market value: $ billion, 2016-21
Table 2: Germany legal services market volume: thousand practitioners of law, 2016-21
Table 3: Germany legal services market geography segmentation: $ billion, 2021
Table 4: Germany legal services market value forecast: $ billion, 2021-26
Table 5: Germany legal services market volume forecast: thousand practitioners of law, 2021-26
Table 6: Hengeler Mueller Partnerschaft von Rechtsanwalten mbB: key facts
Table 7: Hengeler Mueller Partnerschaft von Rechtsanwalten mbB: Key Employees
Table 8: Hengeler Mueller Partnerschaft von Rechtsanwalten mbB: Key Employees Continued
Table 9: Hengeler Mueller Partnerschaft von Rechtsanwalten mbB: Key Employees Continued
Table 10: Hengeler Mueller Partnerschaft von Rechtsanwalten mbB: Key Employees Continued
Table 11: Taylor Wessing LLP: key facts
Table 12: Taylor Wessing LLP: Key Employees
Table 13: Freshfields Bruckhaus Deringer LLP: key facts
Table 14: Freshfields Bruckhaus Deringer LLP: Key Employees
Table 15: Noerr LLP: key facts
Table 16: Noerr LLP: Key Employees
Table 17: Germany size of population (million), 2017-21
Table 18: Germany gdp (constant 2005 prices, $ billion), 2017-21
Table 19: Germany gdp (current prices, $ billion), 2017-21
Table 20: Germany inflation, 2017-21
Table 21: Germany consumer price index (absolute), 2017-21
Table 22: Germany exchange rate, 2017-21

List of Figures
Figure 1: Germany legal services market value: $ billion, 2016-21
Figure 2: Germany legal services market volume: thousand practitioners of law, 2016-21
Figure 3: Germany legal services market geography segmentation: % share, by value, 2021
Figure 4: Germany legal services market value forecast: $ billion, 2021-26
Figure 5: Germany legal services market volume forecast: thousand practitioners of law, 2021-26
Figure 6: Forces driving competition in the legal services market in Germany, 2021
Figure 7: Drivers of buyer power in the legal services market in Germany, 2021
Figure 8: Drivers of supplier power in the legal services market in Germany, 2021
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in Germany, 2021
Figure 10: Factors influencing the threat of substitutes in the legal services market in Germany, 2021
Figure 11: Drivers of degree of rivalry in the legal services market in Germany, 2021

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Hengeler Mueller Partnerschaft von Rechtsanwalten mbB
  • Taylor Wessing LLP
  • Freshfields Bruckhaus Deringer LLP
  • Noerr LLP