Legal Services Market Estimated to Cross US$ 2.02 Tn by 2030

The worldwide Legal Services market measurement is anticipated to achieve USD 2.02 Tillion by 2030 and is anticipated to increase at a CAGR of 10.4% from 2021 to 2030.

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Growth Factors

The growing use of latest technologies in offering legal services is expected to drive the market growth. A strong emphasis on ensuring transparency in the relationship with clients is also expected to drive the growth of the market. Automation software enables more efficient document production and proofreading. Team collaboration software helps to further streamline the execution of documentation processes. These developments and technologies offer greater value to lawyers by helping them decrease their expenses and increase convenience.

Law firms are increasingly adopting to aid in optimizing the work process and save time and costs for themselves as well as their clients. Chatbots can help law firms in digitizing the information and searching for lawyer-specific documents, among other tasks. Chatbots can also help in following up with non-responsive clients and seeking the required information through automated conversations. 

Report Highlights

The corporate segment led the legal services market in 2020, accounting for a 39.2% share of the global revenue. This high share can be attributed to the advent of new modes of financial transactions on corporate fronts. In addition, the corporate segment is expected to be the dominant service segment over the forecast period, as disputes over organizational discrimination and harassment of employees, audits, and patent infringement & copyright violation continue to rise.

The legal business firms segment led the market in 2020, accounting for a 56.2% share of the global revenue. This high share can be attributed to the strategic investments made by legal service firms. They are investing in business development strategies, such as pipeline management, client education, public relations, and local community activities.

The large firms segment led the market in 2020, accounting for a 48.9% share of the global revenue. This high share can be attributed to the diverse range of services provided by large firms. For instance, large firms account for most of the judicial work, such as criminal defense matters, large-scale litigations, and major business transactions for enterprises across a variety of industries. The increasing stipulation for corporate judicial services from large organizations is anticipated to fuel the growth of the large firms segment over the forecast period.

North America led the market in 2020, accounting for a 52.5% share of the global revenue. This high share can be attributed to the increasing assignment volumes within the legal departments of the corporate industry in the U.S. The U.S. has particularly emerged as the leading country in the North American market due to the wide presence of legal service providers. Moreover, the increasing mergers and acquisitions in the region are also contributing to the demand for these services.

Key Players

  • Baker & McKenzie
  • Clifford Chance LLP
  • Deloitte
  • DLA Piper
  • Ernst & Young (E&Y)
  • Kirkland & Ellis LLP
  • KPMG
  • LATHAM & WATKINS LLP
  • PwC
  • Skadden, Arps, Slate, Meagher & Flom LLP
Report Coverage Details
Market Size USD 2.02 Trillion by 2030
Growth Rate CAGR of 10.4% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Services, Firm size, Provider
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Baker & McKenzie; Clifford Chance LLP; Deloitte; DLA Piper; Ernst & Young (E&Y); Kirkland & Ellis LLP; KPMG; LATHAM & WATKINS LLP; PwC; and Skadden, Arps, Slate, Meagher & Flom LLP

Market Segmentation

  • Services
    • Taxation
    • Real Estate
    • Litigation
    • Bankruptcy
    • Labor/Employment
    • Corporate
  • Firm Size
    • Large Firms
    • Medium Firms
    • Small Firms
  • Provider
    • Private Practicing Attorneys
    • Legal Business Firms
    • Government Departments
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Argentina
      • Chile
    • Middle East and Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Legal Services Market, By Services

7.1.  Legal Services Market, by Services, 2021-2030

7.1.1.    Taxation

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Real Estate

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Litigation

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Bankruptcy

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Labor/Employment

7.1.5.1.        Market Revenue and Forecast (2017-2030)

7.1.6.    Corporate

7.1.6.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Legal Services Market, By Firm Size

8.1.  Legal Services Market, by Firm Size, 2021-2030

8.1.1.    Large Firms

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Medium Firms

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Small Firms

8.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Legal Services Market, By Provider

9.1.  Legal Services Market, by Provider, 2021-2030

9.1.1.    Private Practicing Attorneys

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Legal Business Firms

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Government Departments

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Others

9.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Legal Services Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Services (2017-2030)

10.1.2.  Market Revenue and Forecast, by Firm Size (2017-2030)

10.1.3.  Market Revenue and Forecast, by Provider (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Services (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Services (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Services (2017-2030)

10.2.2.  Market Revenue and Forecast, by Firm Size (2017-2030)

10.2.3.  Market Revenue and Forecast, by Provider (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Services (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Services (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Services (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Services (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Services (2017-2030)

10.3.2.  Market Revenue and Forecast, by Firm Size (2017-2030)

10.3.3.  Market Revenue and Forecast, by Provider (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Services (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Services (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Services (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Services (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Services (2017-2030)

10.4.2.  Market Revenue and Forecast, by Firm Size (2017-2030)

10.4.3.  Market Revenue and Forecast, by Provider (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Services (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Services (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Services (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Services (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Services (2017-2030)

10.5.2.  Market Revenue and Forecast, by Firm Size (2017-2030)

10.5.3.  Market Revenue and Forecast, by Provider (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Services (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by Provider (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Services (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Firm Size (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by Provider (2017-2030)

Chapter 11.  Company Profiles

11.1.              Baker & McKenzie

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Clifford Chance LLP

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Deloitte

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              DLA Piper

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Ernst & Young (E&Y)

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Kirkland & Ellis LLP

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              KPMG

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              LATHAM & WATKINS LLP

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              PwC

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Skadden, Arps, Slate, Meagher & Flom LLP

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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