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Global Legal Services

January 2025 | 39 pages | ID: G0E711E1F59EN
MarketLine

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Global Legal Services

Summary

Global Legal Services industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Legal services market refers to the industry that involves professionals and firms offering legal counsel, support, and representation in different areas of law. Industry scope covers a wide range of legal fields such as commercial, criminal, family, labor, taxation, insolvency, legal aid, and other specialized areas, catering to the diverse needs of clients seeking legal support. Market value refers to the revenue generated by law firms in a year for the services they provide, including all relevant taxes. Market volume represents the total number of legal professionals in a country during a specific year.
  • The global legal services market recorded revenues of $877.9 billion in 2024, representing a compound annual growth rate (CAGR) of 5.6% between 2019 and 2024.
  • Market consumption volume increased with a CAGR of 3.7% between 2019 and 2024, to reach a total of 12,108.0 thousand personnel in 2024.
  • In the global market, North America held the largest share followed by Europe, Asia-Pacific, South America, and Middle East & Africa.


Scope
  • 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


Reasons to Buy
  • What was the size of the Global legal services market by value in 2024?
  • What will be the size of the Global legal services market in 2029?
  • 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 are the strengths and strategies of the players?
7.3. What have been the most recent market developments?

8 COMPANY PROFILES

8.1. Kirkland & Ellis LLP
8.2. Latham & Watkins LLP
8.3. Freshfields Bruckhaus Deringer LLP
8.4. Clifford Chance 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, 2019-24
Table 2: Global legal services market geography segmentation: $ billion, 2024
Table 3: Global legal services market value forecast: $ billion, 2024-29
Table 4: Kirkland & Ellis LLP: Key Facts
Table 5: Kirkland & Ellis LLP: Key Employees
Table 6: Latham & Watkins LLP: Key Facts
Table 7: Latham & Watkins LLP: Key Employees
Table 8: Freshfields Bruckhaus Deringer LLP: Key Facts
Table 9: Freshfields Bruckhaus Deringer LLP: Key Employees
Table 10: Clifford Chance LLP: Key Facts
Table 11: Clifford Chance LLP: Key Employees
Table 12: Clifford Chance LLP: Key Employees Continued
Table 13: Global Exchange Rate, 2019-24


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