United States (US) Legal Services Market Summary, Competitive Analysis and Forecast to 2028
United States (US) Legal Services Market Summary, Competitive Analysis and Forecast to 2028
Summary
Legal Services in the United States 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
Legal Services in the United States 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 US legal services market recorded revenues of $357.8 billion in 2023, representing a compound annual growth rate (CAGR) of 3.6% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 1% between 2018 and 2023, to reach a total of 1,200.4 thousand personnel in 2023.
- As per GlobalData, the US held 48.0% stake in the global legal services market in 2023.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the legal services market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the legal services market in the United States
- 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 United States legal services market with five year forecasts
- What was the size of the United States legal services market by value in 2023?
- What will be the size of the United States legal services market in 2028?
- What factors are affecting the strength of competition in the United States legal services market?
- How has the market performed over the last five years?
- What are the main segments that make up the United States'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. Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
8.2. Baker & McKenzie LLP
8.3. Kirkland & Ellis LLP
8.4. Latham & Watkins 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. Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
8.2. Baker & McKenzie LLP
8.3. Kirkland & Ellis LLP
8.4. Latham & Watkins 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: United States legal services market value: $ billion, 2018-23
Table 2: United States legal services market geography segmentation: $ billion, 2023
Table 3: United States legal services market value forecast: $ billion, 2023-28
Table 4: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates: key facts
Table 5: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates: Key Employees
Table 6: Baker & McKenzie LLP: key facts
Table 7: Baker & McKenzie LLP: Key Employees
Table 8: Baker & McKenzie LLP: Key Employees Continued
Table 9: Baker & McKenzie LLP: Key Employees Continued
Table 10: Baker & McKenzie LLP: Key Employees Continued
Table 11: Kirkland & Ellis LLP: key facts
Table 12: Kirkland & Ellis LLP: Key Employees
Table 13: Latham & Watkins LLP: key facts
Table 14: Latham & Watkins LLP: Key Employees
Table 15: United States size of population (million), 2019-23
Table 16: United States gdp (constant 2005 prices, $ billion), 2019-23
Table 17: United States gdp (current prices, $ billion), 2019-23
Table 18: United States inflation, 2019-23
Table 19: United States consumer price index (absolute), 2019-23
Table 20: United States exchange rate, 2019-23
Table 1: United States legal services market value: $ billion, 2018-23
Table 2: United States legal services market geography segmentation: $ billion, 2023
Table 3: United States legal services market value forecast: $ billion, 2023-28
Table 4: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates: key facts
Table 5: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates: Key Employees
Table 6: Baker & McKenzie LLP: key facts
Table 7: Baker & McKenzie LLP: Key Employees
Table 8: Baker & McKenzie LLP: Key Employees Continued
Table 9: Baker & McKenzie LLP: Key Employees Continued
Table 10: Baker & McKenzie LLP: Key Employees Continued
Table 11: Kirkland & Ellis LLP: key facts
Table 12: Kirkland & Ellis LLP: Key Employees
Table 13: Latham & Watkins LLP: key facts
Table 14: Latham & Watkins LLP: Key Employees
Table 15: United States size of population (million), 2019-23
Table 16: United States gdp (constant 2005 prices, $ billion), 2019-23
Table 17: United States gdp (current prices, $ billion), 2019-23
Table 18: United States inflation, 2019-23
Table 19: United States consumer price index (absolute), 2019-23
Table 20: United States exchange rate, 2019-23
LIST OF FIGURES
Figure 1: United States legal services market value: $ billion, 2018-23
Figure 2: United States legal services market geography segmentation: % share, by value, 2023
Figure 3: United States legal services market value forecast: $ billion, 2023-28
Figure 4: Forces driving competition in the legal services market in the United States, 2023
Figure 5: Drivers of buyer power in the legal services market in the United States, 2023
Figure 6: Drivers of supplier power in the legal services market in the United States, 2023
Figure 7: Factors influencing the likelihood of new entrants in the legal services market in the United States, 2023
Figure 8: Factors influencing the threat of substitutes in the legal services market in the United States, 2023
Figure 9: Drivers of degree of rivalry in the legal services market in the United States, 2023
Figure 1: United States legal services market value: $ billion, 2018-23
Figure 2: United States legal services market geography segmentation: % share, by value, 2023
Figure 3: United States legal services market value forecast: $ billion, 2023-28
Figure 4: Forces driving competition in the legal services market in the United States, 2023
Figure 5: Drivers of buyer power in the legal services market in the United States, 2023
Figure 6: Drivers of supplier power in the legal services market in the United States, 2023
Figure 7: Factors influencing the likelihood of new entrants in the legal services market in the United States, 2023
Figure 8: Factors influencing the threat of substitutes in the legal services market in the United States, 2023
Figure 9: Drivers of degree of rivalry in the legal services market in the United States, 2023
