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United States of America (USA) Legal Services Market Summary, Competitive Analysis and Forecast, 2017-2026

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    Report

  • 47 Pages
  • November 2022
  • Region: United States
  • MarketLine
  • ID: 5715015
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Legal Services in the United States 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 US legal services market had total revenues of $346.3 billion in 2021, representing a compound annual growth rate (CAGR) of 4.4% between 2016 and 2021.
  • Market production volume increased with a CAGR of 0.5% between 2016 and 2021, to reach a total of 1,154,800 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.

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 United States
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the legal services market in the United States
  • 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 United States legal services market with five year forecasts

Reasons to Buy

  • What was the size of the United States legal services market by value in 2021?
  • What will be the size of the United States legal services market in 2026?
  • What factors are affecting the strength of competition in the United States legal services market?
  • How has the market performed over the last five years?
  • What are the main segments that make up the United States' 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 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. Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
8.2. Baker & McKenzie LLP
8.3. Latham & Watkins LLP
8.4. Kirkland & Ellis 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: United States legal services market value: $ billion, 2016-21
Table 2: United States legal services market volume: thousand practitioners of law, 2016-21
Table 3: United States legal services market geography segmentation: $ billion, 2021
Table 4: United States legal services market value forecast: $ billion, 2021-26
Table 5: United States legal services market volume forecast: thousand practitioners of law, 2021-26
Table 6: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates: key facts
Table 7: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates: Key Employees
Table 8: Baker & McKenzie LLP: key facts
Table 9: Baker & McKenzie LLP: Key Employees
Table 10: Baker & McKenzie LLP: Key Employees Continued
Table 11: Baker & McKenzie LLP: Key Employees Continued
Table 12: Baker & McKenzie LLP: Key Employees Continued
Table 13: Latham & Watkins LLP: key facts
Table 14: Latham & Watkins LLP: Key Employees
Table 15: Kirkland & Ellis LLP: key facts
Table 16: Kirkland & Ellis LLP: Key Employees
Table 17: United States size of population (million), 2017-21
Table 18: United States gdp (constant 2005 prices, $ billion), 2017-21
Table 19: United States gdp (current prices, $ billion), 2017-21
Table 20: United States inflation, 2017-21
Table 21: United States consumer price index (absolute), 2017-21
Table 22: United States exchange rate, 2017-21

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

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
  • Baker & McKenzie LLP
  • Latham & Watkins LLP
  • Kirkland & Ellis LLP