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

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    Report

  • 54 Pages
  • November 2022
  • Region: Europe
  • MarketLine
  • ID: 5714780
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Legal Services in Europe industry profile provides top-line qualitative and quantitative summary information including: market share, 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 European legal services market had total revenues of $185.6 billion in 2021, representing a compound annual growth rate (CAGR) of 3.1% between 2016 and 2021.
  • Market consumption volume increased with a CAGR of 1.6% between 2016 and 2021, to reach a total of 1,288,700 practitioners of law in 2021.
  • The UK legal services market is the largest in Europe, accounting for 30.6% of the region’s market value, followed by France and Germany, which account for 17.8% and 14.6%, 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 Europe
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the legal services market in Europe
  • 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 Europe legal services market with five year forecasts

Reasons to Buy

  • What was the size of the Europe legal services market by value in 2021?
  • What will be the size of the Europe legal services market in 2026?
  • What factors are affecting the strength of competition in the Europe legal services market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Europe's legal services market?
Frequently Asked Questions about the European Legal Services Market

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

The European Legal Services Market was estimated to be valued at $185.56 Billion in 2021.

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

The growth rate of the European Legal Services Market is 3.1%, with an estimated value of $216.12 Billion by 2026.

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

The European Legal Services Market is estimated to be worth $216.12 Billion by 2026.

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

Key companies in the European Legal Services Market include Baker & McKenzie LLP, Clifford Chance LLP and Allen & Overy 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. Clifford Chance LLP
8.3. Freshfields Bruckhaus Deringer LLP
8.4. Allen & Overy 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: Europe legal services market value: $ billion, 2016-21
Table 2: Europe legal services market volume: thousand practitioners of law, 2016-21
Table 3: Europe legal services market geography segmentation: $ billion, 2021
Table 4: Europe legal services market value forecast: $ billion, 2021-26
Table 5: Europe 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: Clifford Chance LLP: key facts
Table 12: Clifford Chance LLP: Key Employees
Table 13: Freshfields Bruckhaus Deringer LLP: key facts
Table 14: Freshfields Bruckhaus Deringer LLP: Key Employees
Table 15: Allen & Overy LLP: key facts
Table 16: Allen & Overy LLP: Key Employees
Table 17: Allen & Overy LLP: Key Employees Continued
Table 18: Allen & Overy LLP: Key Employees Continued
Table 19: Europe size of population (million), 2017-21
Table 20: Europe gdp (constant 2005 prices, $ billion), 2017-21
Table 21: Europe gdp (current prices, $ billion), 2017-21
Table 22: Europe inflation, 2017-21
Table 23: Europe consumer price index (absolute), 2017-21
Table 24: Europe exchange rate, 2017-21

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

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Baker & McKenzie LLP
  • Clifford Chance LLP
  • Freshfields Bruckhaus Deringer LLP
  • Allen & Overy LLP