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Global Legal Services Market Size study, by Services (Taxation, Real Estate, Litigation Bankruptcy, Labor/Employment, Corporate), by Firm Size (Large firms, Medium firms, Small firms), by Provider (Private Practicing Attorneys, Legal Business Firms, Government Departments, Others), and Regional Forecasts 2021-2027

October 2021 | 200 pages | ID: GA180F2745E6EN
Bizwit Research & Consulting LLP

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Global legal services market is valued approximately at USD 849.28 billion in 2020 and is anticipated to grow with a healthy growth rate of about 4.4% over the forecast period 2021-2027. Legal services refer to the assistance help in the field of law. It includes rendering of a service in conduct of any other proceedings before court or tribunal or other authority and offering them any advice of legal matter. The global legal services market is being driven by technological disruptions in the legal industry and rise in the number of Alternative Legal Service Providers (ALSPs). Furthermore, introduction of Artificial Intelligence (AI) and automation software in the legal industry will provide new opportunities for the global legal services industry. Market players across the globe are strengthening their presence in the market by undertaking different strategic initiatives. For instance, in 2020, Clifford Chance (United Kingdom based multinational law firm) renewed its global partnership with Women's Forum for the Economy & Society (WEFCOS). The partnership was first signed in 2019 which underscores commitment of the company to showcase the talent and creativity while fostering international cooperation. Also, in 2020, Baker McKenzie (United States based multinational law firm) collaborated with SparkBeyond (provider of artificial intelligence based problem-solving platform) for the implementation of technology of SparkBeyond to disrupt the industry. The technology is expected to help law companies to predict the kind of services to be demanded by the clients. Such strategic initiatives by the market players are expected to proliferate the penetration of legal services and hence, this is expected to boost the market growth. However, regulatory challenges in the legal industry may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global legal services market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global legal services market over the forecast period 2021-2027. Factors such as growth in the increasing assignment volumes across legal departments of the corporate sector, wide scale presence of legal service providers across the region, etc. contribute towards the largest market share of the region in the forecast years.

Major market player included in this report are:
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

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Services:
Taxation
Real Estate
Litigation
Bankruptcy
Labor/Employment
Corporate
By Firm Size:
Large firms
Medium firms
Small firms
By Provider:
Private Practicing Attorneys
Legal Business Firms
Government Departments
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Legal Services Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
  1.2.1. Legal Services Market, by Region, 2019-2027 (USD Billion)
  1.2.2. Legal Services Market, by Services, 2019-2027 (USD Billion)
  1.2.3. Legal Services Market, by Firm Size, 2019-2027 (USD Billion)
  1.2.4. Legal Services Market, by Provider, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL LEGAL SERVICES MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL LEGAL SERVICES MARKET DYNAMICS

3.1. Legal Services Market Impact Analysis (2019-2027)
  3.1.1. Market Drivers
    3.1.1.1. Technological disruptions in the legal industry
    3.1.1.2. Rise in the number of Alternative Legal Service Providers (ALSPs)
  3.1.2. Market Restraint
    3.1.2.1. Regulatory challenges in the legal industry
  3.1.3. Market Opportunities
    3.1.3.1. Introduction of Artificial Intelligence (AI) and automation software in the legal industry

CHAPTER 4. GLOBAL LEGAL SERVICES MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL LEGAL SERVICES MARKET, BY SERVICES

a. Market Snapshot
5.1. Global Legal Services Market by Services, Performance - Potential Analysis
5.2. Global Legal Services Market Estimates & Forecasts by Services 2018-2027 (USD Billion)
5.3. Legal Services Market, Sub Segment Analysis
  5.3.1. Taxation
  5.3.2. Real Estate
  5.3.3. Litigation
  5.3.4. Bankruptcy
  5.3.5. Labor/Employment
  5.3.6. Corporate

CHAPTER 6. GLOBAL LEGAL SERVICES MARKET, BY FIRM SIZE

b. Market Snapshot
6.1. Global Legal Services Market by Firm Size, Performance - Potential Analysis
6.2. Global Legal Services Market Estimates & Forecasts by Firm Size 2018-2027 (USD Billion)
6.3. Legal Services Market, Sub Segment Analysis
  6.3.1. Large firms
  6.3.2. Medium firms
  6.3.3. Small firms

CHAPTER 7. GLOBAL LEGAL SERVICES MARKET, BY PROVIDER

c. Market Snapshot
7.1. Global Legal Services Market by Provider, Performance - Potential Analysis
7.2. Global Legal Services Market Estimates & Forecasts by Provider 2018-2027 (USD Billion)
7.3. Legal Services Market, Sub Segment Analysis
  7.3.1. Private Practicing Attorneys
  7.3.2. Legal Business Firms
  7.3.3. Government Departments
  7.3.4. Others

CHAPTER 8. GLOBAL LEGAL SERVICES MARKET, REGIONAL ANALYSIS

8.1. Legal Services Market, Regional Market Snapshot
8.2. North America Legal Services Market
  8.2.1. U.S. Legal Services Market
    8.2.1.1. Services breakdown estimates & forecasts, 2018-2027
    8.2.1.2. Firm Size breakdown estimates & forecasts, 2018-2027
    8.2.1.3. Provider breakdown estimates & forecasts, 2018-2027
  8.2.2. Canada Legal Services Market
8.3. Europe Legal Services Market Snapshot
  8.3.1. U.K. Legal Services Market
  8.3.2. Germany Legal Services Market
  8.3.3. France Legal Services Market
  8.3.4. Spain Legal Services Market
  8.3.5. Italy Legal Services Market
  8.3.6. Rest of Europe Legal Services Market
8.4. Asia-Pacific Legal Services Market Snapshot
  8.4.1. China Legal Services Market
  8.4.2. India Legal Services Market
  8.4.3. Japan Legal Services Market
  8.4.4. Australia Legal Services Market
  8.4.5. South Korea Legal Services Market
  8.4.6. Rest of Asia Pacific Legal Services Market
8.5. Latin America Legal Services Market Snapshot
  8.5.1. Brazil Legal Services Market
  8.5.2. Mexico Legal Services Market
8.6. Rest of The World Legal Services Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Top Market Strategies
9.2. Company Profiles
  9.2.1. Baker & McKenzie
    9.2.1.1. Key Information
    9.2.1.2. Overview
    9.2.1.3. Financial (Subject to Data Availability)
    9.2.1.4. Product Summary
    9.2.1.5. Recent Developments
  9.2.2. Clifford Chance LLP
  9.2.3. Deloitte
  9.2.4. DLA Piper
  9.2.5. Ernst & Young (E&Y)
  9.2.6. Kirkland & Ellis LLP
  9.2.7. KPMG
  9.2.8. LATHAM & WATKINS LLP
  9.2.9. PwC
  9.2.10. Skadden, Arps, Slate, Meagher & Flom LLP

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 2. Global Legal Services Market, report scope
TABLE 3. Global Legal Services Market estimates & forecasts by region 2018-2027 (USD Billion)
TABLE 4. Global Legal Services Market estimates & forecasts by Services 2018-2027 (USD Billion)
TABLE 5. Global Legal Services Market estimates & forecasts by Firm Size 2018-2027 (USD Billion)
TABLE 6. Global Legal Services Market estimates & forecasts by Provider 2018-2027 (USD Billion)
TABLE 7. Global Legal Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 8. Global Legal Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 9. Global Legal Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 10. Global Legal Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 11. Global Legal Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 12. Global Legal Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 13. Global Legal Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 14. Global Legal Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 15. Global Legal Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 16. Global Legal Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 17. Global Legal Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 18. Global Legal Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 19. Global Legal Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 20. Global Legal Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 21. Global Legal Services Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 22. Global Legal Services Market by region, estimates & forecasts, 2018-2027 (USD Billion)
TABLE 23. U.S. Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 24. U.S. Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 25. U.S. Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 26. Canada Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 27. Canada Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 28. Canada Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 29. UK Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 30. UK Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 31. UK Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 32. Germany Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 33. Germany Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 34. Germany Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 35. France Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 36. France Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 37. France Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 38. Spain Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 39. Spain Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 40. Spain Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 41. Italy Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 42. Italy Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 43. Italy Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 44. ROE Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 45. ROE Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 46. ROE Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 47. China Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 48. China Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 49. China Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 50. India Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 51. India Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 52. India Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 53. Japan Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 54. Japan Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 55. Japan Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 56. Australia Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 57. Australia Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 58. Australia Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 59. South Korea Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 60. South Korea Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 61. South Korea Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 62. ROPAC Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 63. ROPAC Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 64. ROPAC Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 65. Brazil Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 66. Brazil Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 67. Brazil Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 68. Mexico Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 69. Mexico Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 70. Mexico Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 71. ROLA Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 72. ROLA Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 73. ROLA Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 74. ROW Legal Services Market estimates & forecasts, 2018-2027 (USD Billion)
TABLE 75. ROW Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 76. ROW Legal Services Market estimates & forecasts by segment 2018-2027 (USD Billion)
TABLE 77. List of secondary sources used in the study of global Legal Services Market.
TABLE 78. List of primary sources used in the study of global Legal Services Market.
TABLE 79. Years considered for the study.
TABLE 80. Exchange rates considered.

LIST OF FIGURES

FIG 1. Global Legal Services Market, research methodology
FIG 2. Global Legal Services Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Legal Services Market, key trends 2020
FIG 5. Global Legal Services Market, growth prospects 2021-2027
FIG 6. Global Legal Services Market, porters 5 force model
FIG 7. Global Legal Services Market, pest analysis
FIG 8. Global Legal Services Market, value chain analysis
FIG 9. Global Legal Services Market by segment, 2018 & 2027 (USD Billion)
FIG 10. Global Legal Services Market by segment, 2018 & 2027 (USD Billion)
FIG 11. Global Legal Services Market by segment, 2018 & 2027 (USD Billion)
FIG 12. Global Legal Services Market by segment, 2018 & 2027 (USD Billion)
FIG 13. Global Legal Services Market by segment, 2018 & 2027 (USD Billion)
FIG 14. Global Legal Services Market by segment, 2018 & 2027 (USD Billion)
FIG 15. Global Legal Services Market by segment, 2018 & 2027 (USD Billion)
FIG 16. Global Legal Services Market by segment, 2018 & 2027 (USD Billion)
FIG 17. Global Legal Services Market, regional snapshot 2018 & 2027
FIG 18. North America Legal Services Market2018 & 2027 (USD Billion)
FIG 19. Europe Legal Services Market2018 & 2027 (USD Billion)
FIG 20. Asia-Pacific Legal Services Market2018 & 2027 (USD Billion)
FIG 21. Latin America Legal Services Market2018 & 2027 (USD Billion)
FIG 22. Global Legal Services Market, company market share analysis (2020)


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