Press release
Legal Services Market (Opportunities & Strategies) To Exhibit Impressive Growth During 2022-2031|| Leading Players - Latham & Watkins LLP, Kirkland & Ellis LLP, Skadden
Legal Services Market
According to The Business Research Company's legal services market report, the global legal services market size reached a value of nearly $713.12 billion in 2021, having increased at a compound annual growth rate (CAGR) of 2.52% since 2016. The market is expected to grow from $713.12 billion in 2021 to $998.73 billion in 2026 at a rate of 6.97%. The market is then expected to grow at a CAGR of 5.60% from 2026 and reach $1311.63 billion in 2031.
Growth in fraud, cybercrimes and other economic crimes is expected to drive the legal services market in the forecast period. For instance, according to PwC's Global Economic Crime and Fraud Survey 2022, 46% of surveyed organizations reported experiencing fraud, corruption or other economic crimes in the past 24 months. Global cybercrime costs are expected to grow 15% per year and reach $10.5 trillion by 2025. So, an increase in fraud, cybercrimes and other economic crimes will drive the legal services market.
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The legal services market is segmented -
• By Type Of Service: B2B Legal Services, B2C Legal Services, Hybrid Legal Services, Criminal Law Practices
• By Size Of Law Firm: Large Law Firms, SME Law Firms
• By Mode: Online, Offline
• By Type Of Practice: Litigation, Corporate, Labor/Employment, Real Estate, Patent Litigation, Tax, Bankruptcy, Others (Regulatory, M&A, Antitrust, Environmental)
• By End-User: Individuals, Financial Services, Mining And Oil & Gas, Manufacturing, Construction, IT Services, Other Services
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the global legal services market.
Major competitors in the legal services market include Latham & Watkins LLP, Kirkland & Ellis LLP, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, DLA Piper, Baker & McKenzie.
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https://www.thebusinessresearchcompany.com/report/legal-services-market
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 is sought. Legal services providers 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 Table Of Content For The Legal Services Market Include:
1. Legal Services Market Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction
7. Legal Services Market Characteristics
……
23. Global Legal Services Market Competitive Landscape
24. Key Mergers And Acquisitions In The Legal Services Market
25. Market Background: Professional Services
26. Global Legal Services Market Opportunities And Strategies
27. Legal Services Market, Conclusions And Recommendations
28. Appendix
The Business Research Company's "Global Legal Services Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. 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. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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