Press release
Legal Services Market 2022 | Demands, Outlook, Overview And Trends Report Forecast To 2026
Legal Services Market
https://www.thebusinessresearchcompany.com/global-market-reports
‘Legal Services Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026’ by The Business Research Company is the most comprehensive report available on this market, with analysis of the market’s historic and forecast growth, drivers and restraints causing it, and highlights of the opportunities that companies in the industry can take on. The legal services market research report helps gain a truly global perspective of the legal services industry as it covers 60 geographies worldwide. Regional and country breakdowns give an analysis of the market in each geography, with information on the size of the market by region and by country.
The regions covered in the legal services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest legal services market share.
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The legal services market consists of the 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. They make available the knowledge and skills of their employees, often on an assignment basis, where an individual or a team is responsible for the delivery of services to the client. The legal services market is segmented into B2B legal services; B2C services; hybrid services and criminal services.
Key competitors in the legal services market include Latham & Watkins LLP, Kirkland & Ellis LLP, DLA Piper, Baker & McKenzie, Dentons, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, Sidley Austin LLP, Morgan, Lewis & Bockius LLP, Linklaters LLP and Jones Day.
The global legal services market is expected to grow from $713.12 billion in 2021 to $788.94 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The growth in the legal services market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The legal services market is expected to reach $1112.75 billion in 2026 at a CAGR of 9.0%.
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TBRC’s report segments the global legal services market:
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
Read Further On The Legal Services Market Here:
https://www.thebusinessresearchcompany.com/report/legal-services-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Report Structure
3. Legal Services Market Characteristics
4. Legal Services Market Product Analysis
5. Legal Services Market Supply Chain
.....
23. Market Background: Professional Services Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
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