Legal Services in the United States of America (USA) - Market Summary, Competitive Analysis and Forecast to 2025
Legal Services in the United States of America (USA) - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Legal Services in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 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
SUMMARY
Legal Services in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 US legal services market had total revenues of $304.7bn in 2020, representing a compound annual growth rate (CAGR) of 2.2% between 2016 and 2020.
- Market production volumes declined with a compound annual rate of change (CARC) of 0% between 2016 and 2020, to reach a total of 1.1 million legal professionals in 2020.
- The market experienced consistent growth until 2020, when the COVID-19 pandemic significantly inhibited the market, resulting in shrinkage of 2.2%.
- 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 2020?
- What will be the size of the United States legal services market in 2025?
- 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 State's legal services market?
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. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
3.2. Market volume
4 MARKET SEGMENTATION
4.1. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
5.2. Market volume 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 alternative legal services providers are competing with leading players?
7.4. What are the recent developments for the leading players?
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. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
3.2. Market volume
4 MARKET SEGMENTATION
4.1. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
5.2. Market volume 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 alternative legal services providers are competing with leading players?
7.4. What are the recent developments for the leading players?
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, 2016-20
Table 2: United States legal services market volume: thousand number of legal professionals, 2016-20
Table 3: United States legal services market geography segmentation: $ billion, 2020
Table 4: United States legal services market value forecast: $ billion, 2020-25
Table 5: United States legal services market volume forecast: thousand number of legal professionals, 2020-25
Table 6: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates: key facts
Table 7: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates: Key Employees
Table 8: Baker & McKenzie LLP: key facts
Table 9: Baker & McKenzie LLP: Key Employees
Table 10: Baker & McKenzie LLP: Key Employees Continued
Table 11: Baker & McKenzie LLP: Key Employees Continued
Table 12: Baker & McKenzie LLP: Key Employees Continued
Table 13: Kirkland & Ellis LLP: key facts
Table 14: Kirkland & Ellis LLP: Key Employees
Table 15: Latham & Watkins LLP: key facts
Table 16: Latham & Watkins LLP: Key Employees
Table 17: United States size of population (million), 2016-20
Table 18: United States gdp (constant 2005 prices, $ billion), 2016-20
Table 19: United States gdp (current prices, $ billion), 2016-20
Table 20: United States inflation, 2016-20
Table 21: United States consumer price index (absolute), 2016-20
Table 22: United States exchange rate, 2016-20
Table 1: United States legal services market value: $ billion, 2016-20
Table 2: United States legal services market volume: thousand number of legal professionals, 2016-20
Table 3: United States legal services market geography segmentation: $ billion, 2020
Table 4: United States legal services market value forecast: $ billion, 2020-25
Table 5: United States legal services market volume forecast: thousand number of legal professionals, 2020-25
Table 6: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates: key facts
Table 7: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates: Key Employees
Table 8: Baker & McKenzie LLP: key facts
Table 9: Baker & McKenzie LLP: Key Employees
Table 10: Baker & McKenzie LLP: Key Employees Continued
Table 11: Baker & McKenzie LLP: Key Employees Continued
Table 12: Baker & McKenzie LLP: Key Employees Continued
Table 13: Kirkland & Ellis LLP: key facts
Table 14: Kirkland & Ellis LLP: Key Employees
Table 15: Latham & Watkins LLP: key facts
Table 16: Latham & Watkins LLP: Key Employees
Table 17: United States size of population (million), 2016-20
Table 18: United States gdp (constant 2005 prices, $ billion), 2016-20
Table 19: United States gdp (current prices, $ billion), 2016-20
Table 20: United States inflation, 2016-20
Table 21: United States consumer price index (absolute), 2016-20
Table 22: United States exchange rate, 2016-20
LIST OF FIGURES
Figure 1: United States legal services market value: $ billion, 2016-20
Figure 2: United States legal services market volume: thousand number of legal professionals, 2016-20
Figure 3: United States legal services market geography segmentation: % share, by value, 2020
Figure 4: United States legal services market value forecast: $ billion, 2020-25
Figure 5: United States legal services market volume forecast: thousand number of legal professionals, 2020-25
Figure 6: Forces driving competition in the legal services market in the United States, 2020
Figure 7: Drivers of buyer power in the legal services market in the United States, 2020
Figure 8: Drivers of supplier power in the legal services market in the United States, 2020
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in the United States, 2020
Figure 10: Factors influencing the threat of substitutes in the legal services market in the United States, 2020
Figure 11: Drivers of degree of rivalry in the legal services market in the United States, 2020
Figure 1: United States legal services market value: $ billion, 2016-20
Figure 2: United States legal services market volume: thousand number of legal professionals, 2016-20
Figure 3: United States legal services market geography segmentation: % share, by value, 2020
Figure 4: United States legal services market value forecast: $ billion, 2020-25
Figure 5: United States legal services market volume forecast: thousand number of legal professionals, 2020-25
Figure 6: Forces driving competition in the legal services market in the United States, 2020
Figure 7: Drivers of buyer power in the legal services market in the United States, 2020
Figure 8: Drivers of supplier power in the legal services market in the United States, 2020
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in the United States, 2020
Figure 10: Factors influencing the threat of substitutes in the legal services market in the United States, 2020
Figure 11: Drivers of degree of rivalry in the legal services market in the United States, 2020
