Legal Services Market Growth Factors, Latest Trends And Regional Analysis Of Leading Players By 2023
The global legal services market is expected to decline from $734.1 billion in 2019 to $728.5 billion in 2020 at a compound annual growth rate (CAGR) of -0.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $845.7 billion in 2023.
The Business Research Company offers "Legal Services Global Market Report 2021" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.
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The legal services market consists of sales of law-related services and related goods by entities (organizations, sole traders and partnerships) that advise clients (individuals, businesses or other entities) about their legal rights and responsibilities, and represent clients in civil or criminal cases, business transactions and other matters in which legal advice and other assistance are sought. Legal services undertake processes where human capital is the major input.
Some of the key players involved in the legal services market are Latham & Watkins, Kirkland & Ellis LLP, Baker & McKenzie, Skadden, Arps, Slate, Meagher & Flom, DLA Piper
The countries covered in the global legal services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global legal services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Legal Services Market Segmentation:
1) By Type: B2B Legal Services, B2C Legal Services, Hybrid Legal Services, Criminal Law Practices
2) By Size: Large Law Firms, SME Law Firms
3) By End-Users: Individuals, Financial Services, Mining And Oil & Gas, Manufacturing, Construction, IT Services, Others
4) By Type Of Practice: Litigation, Corporate, Labor/Employment, Real Estate, Patent Litigation, Tax, Bankruptcy, Others (Regulatory, M&A, Antitrust, Environmental)
5) By Mode: Online, Offline
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A Few Points From The Table Of Contents
1. Executive Summary
3.Legal Services Market Characteristics
4.Legal Services Market Product Analysis
5.Legal Services Market Supply Chain
31.Key Mergers And Acquisitions In The Legal Services Market
32.Market Background: Professional Services Market
33.Global Legal Services Market Opportunities And Strategies
34.Legal Services Market, Conclusions And Recommendations
The report covers the trends and market dynamics of the legal services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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