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Legal Services Global Industry Guide - Market Summary, Competitive Analysis and Forecast, 2016-2025

December 2021 | 210 pages | ID: LA078EB5A6BEEN
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Legal Services Global Industry Guide - Market Summary, Competitive Analysis and Forecast, 2016-2025

SUMMARY

Global Legal Services industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). 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 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 market's value is calculated as the total revenues received by law companies for services rendered. These values include all applicable taxes.
  • Market volumes in this report refer to the total number of legal professionals in the country in question.
  • All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2020 annual average exchange rates.
  • Forecast figures presented in this report are calculated using crisis scenarios for the market. The length of the pandemic and restrictions introduced by various countries are still difficult to predict. Many governments had introduced the national lockdowns and temporarily banned sales of products that are deemed "non-essential". As the length of the pandemic and its impact on this market is not certain, the data used in this report has been modeled taking forecast impacts on national economics into consideration.
  • The global legal services market had total revenues of $645.8bn in 2020, representing a compound annual growth rate (CAGR) of 2.9% between 2016 and 2020.
  • Market production volume increased with a CAGR of 3.3% between 2016 and 2020, to reach a total of 7.7 million legal professionals in 2020.
  • Growth was inhibited significantly due to lockdown and social distancing measures. Many courthouses around the world were closed due to the risk of transmitting COVID-19.
SCOPE
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the global legal services market
  • 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 by both value and volume.
REASONS TO BUY
  • What was the size of the global legal services market by value in 2020?
  • What will be the size of the global legal services market in 2025?
  • What factors are affecting the strength of competition in the global legal services market?
  • How has the market performed over the last five years?
  • How large is the global legal services market in relation to its regional counterparts?
1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Competitive Landscape

2 INTRODUCTION

2.1. What is this report about?
2.2. Who is the target reader?
2.3. How to use this report
2.4. Definitions

3 GLOBAL LEGAL SERVICES

3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
3.6. Macroeconomic Indicators

4 LEGAL SERVICES IN ASIA-PACIFIC

4.1. Market Overview
4.2. Market Data
4.3. Market Segmentation
4.4. Market outlook
4.5. Five forces analysis

5 LEGAL SERVICES IN EUROPE

5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
5.6. Macroeconomic Indicators

6 LEGAL SERVICES IN JAPAN

6.1. Market Overview
6.2. Market Data
6.3. Market Segmentation
6.4. Market outlook
6.5. Five forces analysis
6.6. Macroeconomic Indicators

7 LEGAL SERVICES IN THE UNITED KINGDOM

7.1. Market Overview
7.2. Market Data
7.3. Market Segmentation
7.4. Market outlook
7.5. Five forces analysis
7.6. Macroeconomic Indicators

8 LEGAL SERVICES IN THE UNITED STATES

8.1. Market Overview
8.2. Market Data
8.3. Market Segmentation
8.4. Market outlook
8.5. Five forces analysis
8.6. Macroeconomic Indicators

9 LEGAL SERVICES IN FRANCE

9.1. Market Overview
9.2. Market Data
9.3. Market Segmentation
9.4. Market outlook
9.5. Five forces analysis
9.6. Macroeconomic Indicators

10 LEGAL SERVICES IN GERMANY

10.1. Market Overview
10.2. Market Data
10.3. Market Segmentation
10.4. Market outlook
10.5. Five forces analysis
10.6. Macroeconomic Indicators

11 COMPANY PROFILES

11.1. Herbert Smith Freehills
11.2. Mannheimer Swartling Advokatbyra AB
11.3. Mori Hamada & Matsumoto
11.4. Clifford Chance LLP
11.5. Linklaters LLP
11.6. Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
11.7. Baker & McKenzie LLP
11.8. Kirkland & Ellis LLP
11.9. Latham & Watkins LLP
11.10. Allen & Overy LLP
11.11. Gide Loyrette Nouel
11.12. Hengeler Mueller Partnerschaft von Rechtsanwalten mbB
11.13. Taylor Wessing LLP
11.14. Noerr LLP
11.15. Freshfields Bruckhaus Deringer LLP

12 APPENDIX

12.1. Methodology
12.2. About MarketLine

LIST OF TABLES

Table 1: Global legal services market value: $ billion, 2016-20
Table 2: Global legal services market volume: thousand number of legal professionals, 2016-20
Table 3: Global legal services market geography segmentation: $ billion, 2020
Table 4: Global legal services market value forecast: $ billion, 2020-25
Table 5: Global legal services market volume forecast: thousand number of legal professionals, 2020-25
Table 6: Global size of population (million), 2016-20
Table 7: Global gdp (constant 2005 prices, $ billion), 2016-20
Table 8: Global gdp (current prices, $ billion), 2016-20
Table 9: Global inflation, 2016-20
Table 10: Global consumer price index (absolute), 2016-20
Table 11: Global exchange rate, 2016-20
Table 12: Asia-Pacific legal services market value: $ billion, 2016-20
Table 13: Asia-Pacific legal services market volume: thousand number of legal professionals, 2016-20
Table 14: Asia-Pacific legal services market geography segmentation: $ billion, 2020
Table 15: Asia-Pacific legal services market value forecast: $ billion, 2020-25
Table 16: Asia-Pacific legal services market volume forecast: thousand number of legal professionals, 2020-25
Table 17: Europe legal services market value: $ billion, 2016-20
Table 18: Europe legal services market volume: thousand number of legal professionals, 2016-20
Table 19: Europe legal services market geography segmentation: $ billion, 2020
Table 20: Europe legal services market value forecast: $ billion, 2020-25
Table 21: Europe legal services market volume forecast: thousand number of legal professionals, 2020-25
Table 22: Europe size of population (million), 2016-20
Table 23: Europe gdp (constant 2005 prices, $ billion), 2016-20
Table 24: Europe gdp (current prices, $ billion), 2016-20
Table 25: Europe inflation, 2016-20
Table 26: Europe consumer price index (absolute), 2016-20
Table 27: Europe exchange rate, 2016-20
Table 28: Japan legal services market value: $ billion, 2016-20
Table 29: Japan legal services market volume: thousand number of legal professionals, 2016-20
Table 30: Japan legal services market geography segmentation: $ billion, 2020
Table 31: Japan legal services market value forecast: $ billion, 2020-25
Table 32: Japan legal services market volume forecast: thousand number of legal professionals, 2020-25
Table 33: Japan size of population (million), 2016-20
Table 34: Japan gdp (constant 2005 prices, $ billion), 2016-20
Table 35: Japan gdp (current prices, $ billion), 2016-20
Table 36: Japan inflation, 2016-20
Table 37: Japan consumer price index (absolute), 2016-20
Table 38: Japan exchange rate, 2016-20
Table 39: United Kingdom legal services market value: $ billion, 2016-20
Table 40: United Kingdom legal services market volume: thousand number of legal professionals, 2016-20
Table 41: United Kingdom legal services market geography segmentation: $ billion, 2020
Table 42: United Kingdom legal services market value forecast: $ billion, 2020-25
Table 43: United Kingdom legal services market volume forecast: thousand number of legal professionals, 2020-25
Table 44: United Kingdom size of population (million), 2016-20
Table 45: United Kingdom gdp (constant 2005 prices, $ billion), 2016-20
Table 46: United Kingdom gdp (current prices, $ billion), 2016-20
Table 47: United Kingdom inflation, 2016-20
Table 48: United Kingdom consumer price index (absolute), 2016-20
Table 49: United Kingdom exchange rate, 2016-20
Table 50: United States legal services market value: $ billion, 2016-20
Table 51: United States legal services market volume: thousand number of legal professionals, 2016-20
Table 52: United States legal services market geography segmentation: $ billion, 2020
Table 53: United States legal services market value forecast: $ billion, 2020-25
Table 54: United States legal services market volume forecast: thousand number of legal professionals, 2020-25
Table 55: United States size of population (million), 2016-20
Table 56: United States gdp (constant 2005 prices, $ billion), 2016-20
Table 57: United States gdp (current prices, $ billion), 2016-20
Table 58: United States inflation, 2016-20
Table 59: United States consumer price index (absolute), 2016-20
Table 60: United States exchange rate, 2016-20
Table 61: France legal services market value: $ billion, 2016-20
Table 62: France legal services market volume: thousand number of legal professionals, 2016-20
Table 63: France legal services market geography segmentation: $ billion, 2020
Table 64: France legal services market value forecast: $ billion, 2020-25
Table 65: France legal services market volume forecast: thousand number of legal professionals, 2020-25
Table 66: France size of population (million), 2016-20
Table 67: France gdp (constant 2005 prices, $ billion), 2016-20
Table 68: France gdp (current prices, $ billion), 2016-20
Table 69: France inflation, 2016-20
Table 70: France consumer price index (absolute), 2016-20

LIST OF FIGURES

Figure 1: Global legal services market value: $ billion, 2016-20
Figure 2: Global legal services market volume: thousand number of legal professionals, 2016-20
Figure 3: Global legal services market geography segmentation: % share, by value, 2020
Figure 4: Global legal services market value forecast: $ billion, 2020-25
Figure 5: Global legal services market volume forecast: thousand number of legal professionals, 2020-25
Figure 6: Forces driving competition in the global legal services market, 2020
Figure 7: Drivers of buyer power in the global legal services market, 2020
Figure 8: Drivers of supplier power in the global legal services market, 2020
Figure 9: Factors influencing the likelihood of new entrants in the global legal services market, 2020
Figure 10: Factors influencing the threat of substitutes in the global legal services market, 2020
Figure 11: Drivers of degree of rivalry in the global legal services market, 2020
Figure 12: Asia-Pacific legal services market value: $ billion, 2016-20
Figure 13: Asia-Pacific legal services market volume: thousand number of legal professionals, 2016-20
Figure 14: Asia-Pacific legal services market geography segmentation: % share, by value, 2020
Figure 15: Asia-Pacific legal services market value forecast: $ billion, 2020-25
Figure 16: Asia-Pacific legal services market volume forecast: thousand number of legal professionals, 2020-25
Figure 17: Forces driving competition in the legal services market in Asia-Pacific, 2020
Figure 18: Drivers of buyer power in the legal services market in Asia-Pacific, 2020
Figure 19: Drivers of supplier power in the legal services market in Asia-Pacific, 2020
Figure 20: Factors influencing the likelihood of new entrants in the legal services market in Asia-Pacific, 2020
Figure 21: Factors influencing the threat of substitutes in the legal services market in Asia-Pacific, 2020
Figure 22: Drivers of degree of rivalry in the legal services market in Asia-Pacific, 2020
Figure 23: Europe legal services market value: $ billion, 2016-20
Figure 24: Europe legal services market volume: thousand number of legal professionals, 2016-20
Figure 25: Europe legal services market geography segmentation: % share, by value, 2020
Figure 26: Europe legal services market value forecast: $ billion, 2020-25
Figure 27: Europe legal services market volume forecast: thousand number of legal professionals, 2020-25
Figure 28: Forces driving competition in the legal services market in Europe, 2020
Figure 29: Drivers of buyer power in the legal services market in Europe, 2020
Figure 30: Drivers of supplier power in the legal services market in Europe, 2020
Figure 31: Factors influencing the likelihood of new entrants in the legal services market in Europe, 2020
Figure 32: Factors influencing the threat of substitutes in the legal services market in Europe, 2020
Figure 33: Drivers of degree of rivalry in the legal services market in Europe, 2020
Figure 34: Japan legal services market value: $ billion, 2016-20
Figure 35: Japan legal services market volume: thousand number of legal professionals, 2016-20
Figure 36: Japan legal services market geography segmentation: % share, by value, 2020
Figure 37: Japan legal services market value forecast: $ billion, 2020-25
Figure 38: Japan legal services market volume forecast: thousand number of legal professionals, 2020-25
Figure 39: Forces driving competition in the legal services market in Japan, 2020
Figure 40: Drivers of buyer power in the legal services market in Japan, 2020
Figure 41: Drivers of supplier power in the legal services market in Japan, 2020
Figure 42: Factors influencing the likelihood of new entrants in the legal services market in Japan, 2020
Figure 43: Factors influencing the threat of substitutes in the legal services market in Japan, 2020
Figure 44: Drivers of degree of rivalry in the legal services market in Japan, 2020
Figure 45: United Kingdom legal services market value: $ billion, 2016-20
Figure 46: United Kingdom legal services market volume: thousand number of legal professionals, 2016-20
Figure 47: United Kingdom legal services market geography segmentation: % share, by value, 2020
Figure 48: United Kingdom legal services market value forecast: $ billion, 2020-25
Figure 49: United Kingdom legal services market volume forecast: thousand number of legal professionals, 2020-25
Figure 50: Forces driving competition in the legal services market in the United Kingdom, 2020
Figure 51: Drivers of buyer power in the legal services market in the United Kingdom, 2020
Figure 52: Drivers of supplier power in the legal services market in the United Kingdom, 2020
Figure 53: Factors influencing the likelihood of new entrants in the legal services market in the United Kingdom, 2020
Figure 54: Factors influencing the threat of substitutes in the legal services market in the United Kingdom, 2020
Figure 55: Drivers of degree of rivalry in the legal services market in the United Kingdom, 2020
Figure 56: United States legal services market value: $ billion, 2016-20
Figure 57: United States legal services market volume: thousand number of legal professionals, 2016-20
Figure 58: United States legal services market geography segmentation: % share, by value, 2020
Figure 59: United States legal services market value forecast: $ billion, 2020-25
Figure 60: United States legal services market volume forecast: thousand number of legal professionals, 2020-25
Figure 61: Forces driving competition in the legal services market in the United States, 2020
Figure 62: Drivers of buyer power in the legal services market in the United States, 2020
Figure 63: Drivers of supplier power in the legal services market in the United States, 2020
Figure 64: Factors influencing the likelihood of new entrants in the legal services market in the United States, 2020
Figure 65: Factors influencing the threat of substitutes in the legal services market in the United States, 2020
Figure 66: Drivers of degree of rivalry in the legal services market in the United States, 2020
Figure 67: France legal services market value: $ billion, 2016-20
Figure 68: France legal services market volume: thousand number of legal professionals, 2016-20
Figure 69: France legal services market geography segmentation: % share, by value, 2020
Figure 70: France legal services market value forecast: $ billion, 2020-25


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