Global Legal Services Market Summary, Competitive Analysis and Forecast to 2028
Global Legal Services Market Summary, Competitive Analysis and Forecast to 2028
Summary
Global Legal Services industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Global Legal Services industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The legal services market includes practitioners of law operating in every sector of the legal spectrum. These include but are not limited to, commercial, criminal, legal aid, insolvency, labor/industrial, family, and taxation law.
- The global legal services market recorded revenues of $746 billion in 2023, representing a compound annual growth rate (CAGR) of 2.8% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 3.4% between 2018 and 2023, to reach a total of 10,830.5 thousand personnel in 2023.
- As per GlobalData, the US held a 48.0% stake in the global legal services market in 2023, followed by Europe at 23.8%, Asia-Pacific at 15.5% and the Middle East at 1.1%.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the legal services market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global legal services market
- Leading company profiles reveal details of key legal services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Global legal services market with five year forecasts
- What was the size of the Global legal services market by value in 2023?
- What will be the size of the Global legal services market in 2028?
- What factors are affecting the strength of competition in the Global legal services market?
- How has the market performed over the last five years?
- What are the main segments that make up the global's legal services market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Geography segmentation
1.4. Market rivalry
1.5. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the recent developments in the market?
8 COMPANY PROFILES
8.1. Baker & McKenzie LLP
8.2. Kirkland & Ellis LLP
8.3. Latham & Watkins LLP
8.4. Freshfields Bruckhaus Deringer LLP
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Geography segmentation
1.4. Market rivalry
1.5. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the recent developments in the market?
8 COMPANY PROFILES
8.1. Baker & McKenzie LLP
8.2. Kirkland & Ellis LLP
8.3. Latham & Watkins LLP
8.4. Freshfields Bruckhaus Deringer LLP
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Global legal services market value: $ billion, 2018-23
Table 2: Global legal services market geography segmentation: $ billion, 2023
Table 3: Global legal services market value forecast: $ billion, 2023-28
Table 4: Baker & McKenzie LLP: key facts
Table 5: Baker & McKenzie LLP: Key Employees
Table 6: Baker & McKenzie LLP: Key Employees Continued
Table 7: Baker & McKenzie LLP: Key Employees Continued
Table 8: Baker & McKenzie LLP: Key Employees Continued
Table 9: Kirkland & Ellis LLP: key facts
Table 10: Kirkland & Ellis LLP: Key Employees
Table 11: Latham & Watkins LLP: key facts
Table 12: Latham & Watkins LLP: Key Employees
Table 13: Freshfields Bruckhaus Deringer LLP: key facts
Table 14: Freshfields Bruckhaus Deringer LLP: Key Employees
Table 15: Global exchange rate, 2019-23
Table 1: Global legal services market value: $ billion, 2018-23
Table 2: Global legal services market geography segmentation: $ billion, 2023
Table 3: Global legal services market value forecast: $ billion, 2023-28
Table 4: Baker & McKenzie LLP: key facts
Table 5: Baker & McKenzie LLP: Key Employees
Table 6: Baker & McKenzie LLP: Key Employees Continued
Table 7: Baker & McKenzie LLP: Key Employees Continued
Table 8: Baker & McKenzie LLP: Key Employees Continued
Table 9: Kirkland & Ellis LLP: key facts
Table 10: Kirkland & Ellis LLP: Key Employees
Table 11: Latham & Watkins LLP: key facts
Table 12: Latham & Watkins LLP: Key Employees
Table 13: Freshfields Bruckhaus Deringer LLP: key facts
Table 14: Freshfields Bruckhaus Deringer LLP: Key Employees
Table 15: Global exchange rate, 2019-23
LIST OF FIGURES
Figure 1: Global legal services market value: $ billion, 2018-23
Figure 2: Global legal services market geography segmentation: % share, by value, 2023
Figure 3: Global legal services market value forecast: $ billion, 2023-28
Figure 4: Forces driving competition in the global legal services market, 2023
Figure 5: Drivers of buyer power in the global legal services market, 2023
Figure 6: Drivers of supplier power in the global legal services market, 2023
Figure 7: Factors influencing the likelihood of new entrants in the global legal services market, 2023
Figure 8: Factors influencing the threat of substitutes in the global legal services market, 2023
Figure 9: Drivers of degree of rivalry in the global legal services market, 2023
Figure 1: Global legal services market value: $ billion, 2018-23
Figure 2: Global legal services market geography segmentation: % share, by value, 2023
Figure 3: Global legal services market value forecast: $ billion, 2023-28
Figure 4: Forces driving competition in the global legal services market, 2023
Figure 5: Drivers of buyer power in the global legal services market, 2023
Figure 6: Drivers of supplier power in the global legal services market, 2023
Figure 7: Factors influencing the likelihood of new entrants in the global legal services market, 2023
Figure 8: Factors influencing the threat of substitutes in the global legal services market, 2023
Figure 9: Drivers of degree of rivalry in the global legal services market, 2023
