Legal Services Global Industry Guide 2016-2025
Legal Services Global Industry Guide 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
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 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 currency conversions are calculated at constant average annual 2019 exchange rates.
- Covid-19:The assumption has been made that after the pandemic is over the economy will gradually go back to the levels recorded before the pandemics. It is also assumed that there is no widespread economic crisis as seen back in 2008 due to announced pay-outs across countries.
- At the moment of preparation of this report in October 2020 the economic implications of the lock downs of many economics are still very difficult to predict as there is no indication how long the pandemics could last, the number of sectors forced to stay closed and the scale of the governmental' aid involved.
- The global legal services market is expected to generate total revenues of $654.4bn in 2020, representing a compound annual growth rate (CAGR) of 2.7% between 2016 and 2020.
- Market volume is forecast to increase with a CAGR of 2.9% between 2016 and 2020, to reach a total of 7.6 million legal professionals in 2020.
- The US remains the largest legal service market in the world, with a global market share of approximately 47.4% expected for 2020.
- 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
- 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
4. MACROECONOMIC INDICATORS
4.1. Country data
5. LEGAL SERVICES IN ASIA-PACIFIC
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6. LEGAL SERVICES IN EUROPE
6.1. Market Overview
6.2. Market Data
6.3. Market Segmentation
6.4. Market outlook
6.5. Five forces analysis
7. MACROECONOMIC INDICATORS
7.1. Country data
8. LEGAL SERVICES IN JAPAN
8.1. Market Overview
8.2. Market Data
8.3. Market Segmentation
8.4. Market outlook
8.5. Five forces analysis
9. MACROECONOMIC INDICATORS
9.1. Country data
10. LEGAL SERVICES IN THE UNITED KINGDOM
10.1. Market Overview
10.2. Market Data
10.3. Market Segmentation
10.4. Market outlook
10.5. Five forces analysis
11. MACROECONOMIC INDICATORS
11.1. Country data
12. LEGAL SERVICES IN THE UNITED STATES
12.1. Market Overview
12.2. Market Data
12.3. Market Segmentation
12.4. Market outlook
12.5. Five forces analysis
13. MACROECONOMIC INDICATORS
13.1. Country data
14. LEGAL SERVICES IN FRANCE
14.1. Market Overview
14.2. Market Data
14.3. Market Segmentation
14.4. Market outlook
14.5. Five forces analysis
15. MACROECONOMIC INDICATORS
15.1. Country data
16. LEGAL SERVICES IN GERMANY
16.1. Market Overview
16.2. Market Data
16.3. Market Segmentation
16.4. Market outlook
16.5. Five forces analysis
17. MACROECONOMIC INDICATORS
17.1. Country data
18. COMPANY PROFILES
18.1. Herbert Smith Freehills
18.2. Mannheimer Swartling Advokatbyra AB
18.3. Mori Hamada & Matsumoto
18.4. Linklaters LLP
18.5. Clifford Chance LLP
18.6. Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
18.7. Kirkland & Ellis LLP
18.8. Baker & McKenzie LLP
18.9. Latham & Watkins LLP
18.10. Gide Loyrette Nouel
18.11. Allen & Overy LLP
18.12. Freshfields Bruckhaus Deringer LLP
18.13. Hengeler Mueller Partnerschaft von Rechtsanwalten mbB
18.14. Noerr LLP
18.15. Taylor Wessing LLP
19. APPENDIX
19.1. Methodology
19.2. 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. 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
4. MACROECONOMIC INDICATORS
4.1. Country data
5. LEGAL SERVICES IN ASIA-PACIFIC
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6. LEGAL SERVICES IN EUROPE
6.1. Market Overview
6.2. Market Data
6.3. Market Segmentation
6.4. Market outlook
6.5. Five forces analysis
7. MACROECONOMIC INDICATORS
7.1. Country data
8. LEGAL SERVICES IN JAPAN
8.1. Market Overview
8.2. Market Data
8.3. Market Segmentation
8.4. Market outlook
8.5. Five forces analysis
9. MACROECONOMIC INDICATORS
9.1. Country data
10. LEGAL SERVICES IN THE UNITED KINGDOM
10.1. Market Overview
10.2. Market Data
10.3. Market Segmentation
10.4. Market outlook
10.5. Five forces analysis
11. MACROECONOMIC INDICATORS
11.1. Country data
12. LEGAL SERVICES IN THE UNITED STATES
12.1. Market Overview
12.2. Market Data
12.3. Market Segmentation
12.4. Market outlook
12.5. Five forces analysis
13. MACROECONOMIC INDICATORS
13.1. Country data
14. LEGAL SERVICES IN FRANCE
14.1. Market Overview
14.2. Market Data
14.3. Market Segmentation
14.4. Market outlook
14.5. Five forces analysis
15. MACROECONOMIC INDICATORS
15.1. Country data
16. LEGAL SERVICES IN GERMANY
16.1. Market Overview
16.2. Market Data
16.3. Market Segmentation
16.4. Market outlook
16.5. Five forces analysis
17. MACROECONOMIC INDICATORS
17.1. Country data
18. COMPANY PROFILES
18.1. Herbert Smith Freehills
18.2. Mannheimer Swartling Advokatbyra AB
18.3. Mori Hamada & Matsumoto
18.4. Linklaters LLP
18.5. Clifford Chance LLP
18.6. Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
18.7. Kirkland & Ellis LLP
18.8. Baker & McKenzie LLP
18.9. Latham & Watkins LLP
18.10. Gide Loyrette Nouel
18.11. Allen & Overy LLP
18.12. Freshfields Bruckhaus Deringer LLP
18.13. Hengeler Mueller Partnerschaft von Rechtsanwalten mbB
18.14. Noerr LLP
18.15. Taylor Wessing LLP
19. APPENDIX
19.1. Methodology
19.2. About MarketLine
LIST OF TABLES
Table 1: Global legal services market value: $ billion, 2016-20
Table 2: Global legal services market volume: thousand 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 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, 2015-19
Table 12: Asia-Pacific legal services market value: $ billion, 2016-20
Table 13: Asia-Pacific legal services market volume: thousand 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 legal professionals, 2020-25
Table 17: Europe legal services market value: $ billion, 2016-20
Table 18: Europe legal services market volume: thousand 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 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, 2015-19
Table 28: Japan legal services market value: $ billion, 2016-20
Table 29: Japan legal services market volume: thousand 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 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, 2015-19
Table 39: United Kingdom legal services market value: $ billion, 2016-20
Table 40: United Kingdom legal services market volume: thousand 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 legal professionals, 2020-
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, 2015-19
Table 50: United States legal services market value: $ billion, 2016-20
Table 1: Global legal services market value: $ billion, 2016-20
Table 2: Global legal services market volume: thousand 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 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, 2015-19
Table 12: Asia-Pacific legal services market value: $ billion, 2016-20
Table 13: Asia-Pacific legal services market volume: thousand 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 legal professionals, 2020-25
Table 17: Europe legal services market value: $ billion, 2016-20
Table 18: Europe legal services market volume: thousand 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 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, 2015-19
Table 28: Japan legal services market value: $ billion, 2016-20
Table 29: Japan legal services market volume: thousand 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 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, 2015-19
Table 39: United Kingdom legal services market value: $ billion, 2016-20
Table 40: United Kingdom legal services market volume: thousand 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 legal professionals, 2020-
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, 2015-19
Table 50: United States legal services market value: $ billion, 2016-20
LIST OF FIGURES
Figure 1: Global legal services market value: $ billion, 2016-20
Figure 2: Global legal services market volume: thousand 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 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 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 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 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 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 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 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 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 legal professionals, 2020
Figure 50: Forces driving competition in the legal services market in the United Kingdom, 2020
Figure 1: Global legal services market value: $ billion, 2016-20
Figure 2: Global legal services market volume: thousand 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 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 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 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 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 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 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 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 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 legal professionals, 2020
Figure 50: Forces driving competition in the legal services market in the United Kingdom, 2020
