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

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    Report

  • 47 Pages
  • November 2022
  • Region: Global
  • MarketLine
  • ID: 5714778
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Global Legal Services 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 global legal services market had total revenues of $718.0 billion in 2021, representing a compound annual growth rate (CAGR) of 4.1% between 2016 and 2021.
  • Market production volume increased with a CAGR of 3.3% between 2016 and 2021, to reach a total of 7,979,900 practitioners of law in 2021.
  • The US legal services market is the largest in the world, accounting for 48.2% of the global market’s value. Europe and Asia-Pacific account for 25.8% and 15.0%, respectively.

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

Reasons to Buy

  • What was the size of the Global legal services market by value in 2021?
  • What will be the size of the Global legal services market in 2026?
  • 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?
Frequently Asked Questions about the Global Legal Services Market

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

The Global Legal Services Market was estimated to be valued at $717.96 Billion in 2021.

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

The growth rate of the Global Legal Services Market is 4.9%, with an estimated value of $913.7 Billion by 2026.

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

The Global Legal Services Market is estimated to be worth $913.7 Billion by 2026.

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

Key companies in the Global Legal Services Market include Baker & McKenzie LLP, Kirkland & Ellis LLP and Latham & Watkins 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. Who are the main challengers to the leading players?
7.5. What are the recent developments for the leading players?

8 Company Profiles
8.1. Baker & McKenzie LLP
8.2. Kirkland & Ellis LLP
8.3. Freshfields Bruckhaus Deringer LLP
8.4. Latham & Watkins 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, 2016-21
Table 2: Global legal services market volume: thousand practitioners of law, 2016-21
Table 3: Global legal services market geography segmentation: $ billion, 2021
Table 4: Global legal services market value forecast: $ billion, 2021-26
Table 5: Global legal services market volume forecast: thousand practitioners of law, 2021-26
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: Freshfields Bruckhaus Deringer LLP: key facts
Table 14: Freshfields Bruckhaus Deringer LLP: Key Employees
Table 15: Latham & Watkins LLP: key facts
Table 16: Latham & Watkins LLP: Key Employees
Table 17: Global exchange rate, 2017-21

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

Companies Mentioned

A selection of companies mentioned in this report includes:

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