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Published: Sep, 2019 | Pages:
100 | Publisher: Grand View Research
Industry: ICT | Report Format: Electronic (PDF)
The global legal services market size is anticipated to reach USD 1,045.24 billion by 2025, exhibiting a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. The growing use of latest technologies in offering legal services is expected to drive the market growth. A strong emphasis on ensuring transparency in the relationship with clients is also expected to drive the growth of the market. Law firms are increasingly adopting chatbots to aid in optimizing the work process and save time and costs for themselves as well as their clients. Chatbots can help law firms in digitizing the information and searching for lawyer-specific documents, among other tasks. Chatbots can also help in following up with non-responsive clients and seeking the required information through automated conversations. Law firms are exploring different ways to help their clients in reducing exposure to risks and the costs incurred on compliances by aiding them in better management of information, thereby paving the way for adopting document automation software in legal services. Document automation software takes end users through a questionnaire to collect relevant data and direct them throughout the entire document creation process. Such an approach relieves the end users from the tedious process of understanding the terminologies appearing in the document. Social networking holds significant potential to transform the way legal services are delivered. As such, law professionals are adopting various social media tools to accomplish a myriad of legal tasks as well as pursuing their career objectives. Social networking platforms, including LinkedIn, Facebook, and Twitter, are particularly helping law professionals in reaching a larger audience. Further key findings from the report suggest: • The corporate segment is expected to emerge as the fastest-growing segment over the forecast period as disputes over organizational audits, discrimination and harassment of employees, copyright violation, and patent infringement continue to rise • The private practicing attorneys segment is expected to witness substantial growth over the forecast period owing to the increased opportunities for attorneys in large enterprises as well as small- & mid-sized enterprises • Law firms are changing their hiring patterns in line with the evolving requirements of the clients • Law firms are collaborating with professional service providers to offer unified multi-disciplinary services to their clients • Some of the key players in the market include Baker & McKenzie, Clifford Chance LLP, DLA Piper, and Ernst & Young (EY), among others.
Table of Contents Chapter 1. Methodology and Scope 1.1. Market Segmentation & Scope 1.2. Market Definition 1.3. Information Procurement 1.3.1. Purchased database 1.3.2. GVR's internal database 1.3.3. Secondary sources & third-party perspectives 1.3.4. Primary research 1.4. Information Analysis 1.4.1. Data analysis models 1.5. Market Formulation & Data Visualization 1.6. Data Validation & Publishing Chapter 2. Executive Summary 2.1. Legal Services Industry Snapshot & Key Buying Criteria, 2014 - 2025 Chapter 3. Legal Services Market Variables, Trends & Scope 3.1. Market Size and Growth prospects 3.2. Industry Value Chain Analysis 3.3. Market Dynamics 3.3.1. Market driver analysis 3.3.1.1. Technological disruptions in legal industry 3.3.1.2. Rise in number of alternative legal service providers (ALSPs) 3.3.2. Market restraint analysis 3.3.2.1. Regulatory challenges in legal industry 3.4. Business Environment Analysis Tools 3.4.1. Industry analysis - Porter's 3.4.2. PEST analysis 3.5. Penetration and Growth Prospects Mapping Chapter 4. Legal Services Market - Competitive Analysis 4.1. Recent Developments & Impact Analysis, By Key Market Participants 4.2. Key Company Categorization (Key innovators, Market leaders, Emerging players) 4.3. Key Company Market Share Analysis, 2018 4.4. Public Companies 4.4.1. Company market position analysis 4.4.2. Company market share/ranking, by region 4.5. Private Companies 4.5.1. List of key emerging companies /technology disruptors/innovators 4.5.2. Company market position analysis Chapter 5. Legal Services Market: Services Estimates & Trend Analysis 5.1. Market Size Estimates & Forecasts and Trend Analysis, 2014 - 2025 (USD Billion) 5.2. Legal Services Market: Services Movement Analysis, 2018 & 2025 5.2.1. Taxation 5.2.1.1. Market estimates & forecasts by region, 2014 - 2025 (USD Billion) 5.2.2. Real estate 5.2.2.1. Market estimates & forecasts by region, 2014 - 2025 (USD Billion) 5.2.3. Litigation 5.2.3.1. Market estimates & forecasts by region, 2014 - 2025 (USD Billion) 5.2.4. Bankruptcy 5.2.4.1. Market estimates & forecasts by region, 2014 - 2025 (USD Billion) 5.2.5. Labor/employment 5.2.5.1. Market estimates & forecasts by region, 2014 - 2025 (USD Billion) 5.2.6. Corporate 5.2.6.1. Market estimates & forecasts by region, 2014 - 2025 (USD Billion) Chapter 6. Legal Services Market: Firm Size Estimates & Trend Analysis 6.1. Market Size Estimates & Forecasts and Trend Analysis, 2014 - 2025 (USD Billion) 6.2. Legal Services Market: Firm Size Movement Analysis, 2018 & 2025 6.2.1. Large firms 6.2.1.1. Market estimates & forecasts by region, 2014 - 2025 (USD Billion) 6.2.2. Medium firms 6.2.2.1. Market estimates & forecasts by region, 2014 - 2025 (USD Billion) 6.2.3. Small firms 6.2.3.1. Market estimates & forecasts by region, 2014 - 2025 (USD Billion) Chapter 7. Legal Services Market: Provider Estimates & Trend Analysis 7.1. Market Size Estimates & Forecasts and Trend Analysis, 2014 - 2025 (USD Billion) 7.2. Legal Services Market: Provider Movement Analysis, 2018 & 2025 7.2.1. Private practicing attorneys 7.2.1.1. Market estimates & forecasts by region, 2014 - 2025 (USD Billion) 7.2.2. Legal business firms 7.2.2.1. Market estimates & forecasts by region, 2014 - 2025 (USD Billion) 7.2.3. Government departments 7.2.3.1. Market estimates & forecasts by region, 2014 - 2025 (USD Billion) 7.2.4. Others 7.2.4.1. Market estimates & forecasts by region, 2014 - 2025 (USD Billion) Chapter 8. Legal Services Market: Regional Estimates & Trend analysis 8.1. Market Size Estimates & Forecasts and Trend Analysis, 2014 - 2025 (USD Billion) 8.2. Legal Services Market Share by Region, 2018 & 2025 8.3. North America 8.3.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.3.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.3.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) 8.3.4. U.S. 8.3.4.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.3.4.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.3.4.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) 8.3.5. Canada 8.3.5.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.3.5.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.3.5.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) 8.4. Europe 8.4.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.4.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.4.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) 8.4.4. U.K. 8.4.4.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.4.4.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.4.4.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) 8.4.5. Germany 8.4.5.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.4.5.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.4.5.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) 8.5. Asia Pacific 8.5.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.5.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.5.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) 8.5.4. China 8.5.4.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.5.4.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.5.4.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) 8.5.5. Japan 8.5.5.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.5.5.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.5.5.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) 8.5.6. India 8.5.6.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.5.6.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.5.6.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) 8.6. Latin America 8.6.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.6.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.6.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) 8.6.4. Brazil 8.6.4.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.6.4.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.6.4.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) 8.6.5. Argentina 8.6.5.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.6.5.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.6.5.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) 8.6.6. Chile 8.6.6.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.6.6.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.6.6.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) 8.7. Middle East and Africa (MEA) 8.7.1. Market estimates & forecasts by services, 2014 - 2025 (USD Billion) 8.7.2. Market estimates & forecasts by firm size, 2014 - 2025 (USD Billion) 8.7.3. Market estimates & forecasts by provider, 2014 - 2025 (USD Billion) Chapter 9. Competitive Landscape 9.1. Baker & McKenzie 9.1.1. Company overview 9.1.2. Financial performance 9.1.3. Product benchmarking 9.1.4. Recent developments 9.2. Clifford Chance LLP 9.2.1. Company overview 9.2.2. Financial performance 9.2.3. Product benchmarking 9.2.4. Recent developments 9.3. Deloitte 9.3.1. Company overview 9.3.2. Financial performance 9.3.3. Product benchmarking 9.3.4. Recent developments 9.4. DLA Piper 9.4.1. Company overview 9.4.2. Financial performance 9.4.3. Product benchmarking 9.4.4. Recent developments 9.5. Ernst & Young (E&Y) 9.5.1. Company overview 9.5.2. Financial performance 9.5.3. Product benchmarking 9.5.4. Recent Developments 9.6. Kirkland & Ellis LLP 9.6.1. Company overview 9.6.2. Financial performance 9.6.3. Product benchmarking 9.6.4. Recent developments 9.7. KPMG 9.7.1. Company overview 9.7.2. Financial performance 9.7.3. Product benchmarking 9.7.4. Recent developments 9.8. LATHAM & WATKINS LLP 9.8.1. Company overview 9.8.2. Financial performance 9.8.3. Product benchmarking 9.8.4. Recent developments 9.9. PwC 9.9.1. Company overview 9.9.2. Financial performance 9.9.3. Product benchmarking 9.9.4. Recent developments 9.10. Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates 9.10.1. Company overview 9.10.2. Financial performance 9.10.3. Product benchmarking 9.10.4. Strategic initiatives 9.10.5. Recent developments
List of Tables TABLE 1 Legal Services - Industry snapshot & key buying criteria, 2014 - 2025 TABLE 2 Global legal services market, 2014 - 2025 (USD Billion) TABLE 3 Global legal services market by region, 2014 - 2025 (USD Billion) TABLE 4 Global legal services market estimates and forecasts by services, 2014 - 2025 (USD Billion) TABLE 5 Global legal services market estimates and forecasts by firm size, 2014 - 2025 (USD Billion) TABLE 6 Global legal services market estimates and forecasts by provider 2014 - 2025 (USD Billion) TABLE 7 Legal services market - Key market driver impact TABLE 8 Global legal services market - Key market restraint impact TABLE 9 Global legal services market in taxation, by region, 2014 - 2025 (USD Billion) TABLE 10 Global legal services market in real estate, by region, 2014 - 2025 (USD Billion) TABLE 11 Global legal services market in litigation, by region, 2014 - 2025 (USD Billion) TABLE 12 Global large size legal firms market by region, 2014 - 2025 (USD Billion) TABLE 13 Global medium size legal size market by region, 2014 - 2025 (USD Billion) TABLE 14 Global small size legal services market by region, 2014 - 2025 (USD Billion) TABLE 15 Global market for legal services offerd by private practicing attorneys by region, 2014 - 2025 (USD Billion) TABLE 16 Global market for legal services offered by legal business firms by region, 2014 - 2025 (USD Billion) TABLE 17 Global market for legal services offered by government departments by region, 2014 - 2025 (USD Billion) TABLE 18 Global market for legal services offered by other departments by region, 2014 - 2025 (USD Billion) TABLE 19 North America legal services market by services, 2014 - 2025 (USD Billion) TABLE 20 North America legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 21 North America legal services market by provider, 2014 - 2025 (USD Billion) TABLE 22 U.S. legal services market by services, 2014 - 2025 (USD Billion) TABLE 23 U.S. legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 24 U.S. legal services market by provider, 2014 - 2025 (USD Billion) TABLE 25 Canada legal services market by services, 2014 - 2025 (USD Billion) TABLE 26 Canada legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 27 Canada legal services market by provider, 2014 - 2025 (USD Billion) TABLE 28 Europe legal services market by services, 2014 - 2025 (USD Billion) TABLE 29 Europe legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 30 Europe legal services market by provider, 2014 - 2025 (USD Billion) TABLE 31 Germany legal services market by services, 2014 - 2025 (USD Billion) TABLE 32 Germany legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 33 Germany legal services market by provider, 2014 - 2025 (USD Billion) TABLE 34 U.K. legal services market by services, 2014 - 2025 (USD Billion) TABLE 35 U.K. legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 36 U.K. legal services market by provider, 2014 - 2025 (USD Billion) TABLE 37 Asia Pacific legal services market by services, 2014 - 2025 (USD Billion) TABLE 38 Asia Pacific legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 39 Asia Pacific legal services market by provider, 2014 - 2025 (USD Billion) TABLE 40 China legal services market by services, 2014 - 2025 (USD Billion) TABLE 41 China legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 42 China legal services market by provider, 2014 - 2025 (USD Billion) TABLE 43 India legal services market by services, 2014 - 2025 (USD Billion) TABLE 44 India legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 45 India legal services market by provider, 2014 - 2025 (USD Billion) TABLE 46 Japan legal services market by services, 2014 - 2025 (USD Billion) TABLE 47 Japan legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 48 Japan legal services market by provider, 2014 - 2025 (USD Billion) TABLE 49 Latin America legal services market by services, 2014 - 2025 (USD Billion) TABLE 50 Latin America legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 51 Latin America legal services market by provider, 2014 - 2025 (USD Billion) TABLE 52 Brazil legal services market by services, 2014 - 2025 (USD Billion) TABLE 53 Brazil legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 54 Brazil legal services market by provider, 2014 - 2025 (USD Billion) TABLE 55 Argentina legal services market by services, 2014 - 2025 (USD Billion) TABLE 56 Argentina legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 57 Argentina legal services market by provider, 2014 - 2025 (USD Billion) TABLE 58 Chile legal services market by services, 2014 - 2025 (USD Billion) TABLE 59 Chile legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 60 Chile legal services market by provider, 2014 - 2025 (USD Billion) TABLE 61 MEA legal services market by services, 2014 - 2025 (USD Billion) TABLE 62 MEA legal services market by firm size, 2014 - 2025 (USD Billion) TABLE 63 MEA legal services market by provider, 2014 - 2025 (USD Billion)
List of Figures FIG. 1 Industry snapshot - Legal services market FIG. 2 Market segmentation & scope FIG. 3 Legal services market size and growth prospects (USD Billion) FIG. 4 Legal services - Value chain analysis FIG. 5 Legal services - Market dynamics FIG. 6 Legal services - Key opportunities prioritized FIG. 7 Legal services - Porter's five forces analysis FIG. 8 Legal services - PEST analysis FIG. 9 Legal services, services outlook key takeaways FIG. 10 Legal services market: Services movement analysis FIG. 11 Global legal services market in taxation, 2014 - 2025 (USD Billion) FIG. 12 Global legal services market in real estate, 2014 - 2025 (USD Billion) FIG. 13 Global legal services market in litigation, 2014 - 2025 (USD Billion) FIG. 14 Global legal services market in bankruptcy, 2014 - 2025 (USD Billion) FIG. 15 Global legal services market in labor/employment, 2014 - 2025 (USD Billion) FIG. 16 Global legal services market in corporate, 2014 - 2025 (USD Billion) FIG. 17 Legal services firm size outlook key takeaways FIG. 18 Legal services market: Firm size movement analysis FIG. 19 Global large size legal firms market, 2014 - 2025 (USD Billion) FIG. 20 Global medium size legal firms market, 2014 - 2025 (USD Billion) FIG. 21 Global small size legal firms market, 2014 - 2025 (USD Billion) FIG. 22 Legal services provider outlook key takeaways FIG. 23 Legal services market: Provider movement analysis FIG. 24 Global market for legal services offered by private practicing attorneys, 2014 - 2025 (USD Billion) FIG. 25 Global market for legal services offered by legal business firms, 2014 - 2025 (USD Billion) FIG. 26 Global market for legal services offered by government departments, 2014 - 2025 (USD Billion) FIG. 27 Global market for legal services offered by other legal departments, 2014 - 2025 (USD Billion) FIG. 28 Regional market place: Key takeaways FIG. 29 Regional outlook, 2017 & 2025 FIG. 30 North America legal services market, 2014 - 2025 (USD Billion) FIG. 31 North America legal services market by services, 2014 - 2025 (USD Billion) FIG. 32 North America legal services market by firm size, 2014 - 2025 (USD Billion) FIG. 33 North America legal services market by provider, 2014 - 2025 (USD Billion) FIG. 34 U.S. legal services market by solution, 2014 - 2025 (USD Billion) FIG. 35 U.S. legal services market by firm size, 2014 - 2025 (USD Billion) FIG. 36 U.S. legal services market by provider, 2014 - 2025 (USD Billion) FIG. 37 Canada legal services market by services, 2014 - 2025 (USD Billion) FIG. 38 Canada legal services market by firm size, 2014 - 2025 (USD Billion) FIG. 39 Canada legal services market by provider, 2014 - 2025 (USD Billion) FIG. 40 Europe legal services market, 2014 - 2025 (USD Billion) FIG. 41 Europe legal services market by services, 2014 - 2025 (USD Billion) FIG. 42 Europe legal services market by firm size, 2014 - 2025 (USD Billion) FIG. 43 Europe legal services market by provider, 2014 - 2025 (USD Billion) FIG. 44 Germany legal services market by services, 2014 - 2025 (USD Billion) FIG. 45 Germany legal services market by firm size, 2014 - 2025 (USD Billion) FIG. 46 Germany legal services market by provider, 2014 - 2025 (USD Billion) FIG. 47 U.K. legal services market by services, 2014 - 2025 (USD Billion) FIG. 48 U.K. legal services market by firm size, 2014 - 2025 (USD Billion) FIG. 49 U.K. legal services market by provider, 2014 - 2025 (USD Billion) FIG. 50 Asia Pacific legal services market, 2014 - 2025 (USD Billion) FIG. 51 Asia Pacific legal services market by services, 2014 - 2025 (USD Billion) FIG. 52 Asia Pacific legal services market by firm size, 2014 - 2025 (USD Billion) FIG. 53 Asia Pacific legal services market by provider, 2014 - 2025 (USD Billion) FIG. 54 China legal services market by services, 2014 - 2025 (USD Billion) FIG. 55 China legal services market by firm size, 2014 - 2025 (USD Billion)) FIG. 56 China legal services market by provider, 2014 - 2025 (USD Billion) FIG. 57 India legal services market by services, 2014 - 2025 (USD Billion) FIG. 58 India legal services market by firm size, 2014 - 2025 (USD Billion) FIG. 59 India legal services market by provider, 2014 - 2025 (USD Billion) FIG. 60 Japan legal services market by services, 2014 - 2025 (USD Billion) FIG. 61 Japan legal services market by firm size, 2014 - 2025 (USD Billion) FIG. 62 Japan legal services market by provider, 2014 - 2025 (USD Billion) FIG. 63 Latin America legal services market, 2014 - 2025 (USD Billion) FIG. 64 Latin America legal services market by services, 2014 - 2025 (USD Billion) FIG. 65 Latin America legal services market by firm size, 2014 - 2025 (USD Billion) FIG. 66 Latin America legal services market by provider, 2014 - 2025 (USD Billion) FIG. 67 Brazil legal services market by services, 2014 - 2025 (USD Billion) FIG. 68 Brazil legal services market by firm size, 2014 - 2025 (USD Billion) FIG. 69 Brazil legal services market by provider, 2014 - 2025 (USD Billion) FIG. 70 Argentina legal services market by services, 2014 - 2025 (USD Billion) FIG. 71 Argentina legal services market by firm size, 2014 - 2025 (USD Billion) FIG. 72 Argentina legal services market by provider, 2014 - 2025 (USD Billion) FIG. 73 Chile legal services market by services, 2014 - 2025 (USD Billion) FIG. 74 Chile legal services market by firm size, 2014 - 2025 (USD Billion) FIG. 75 Chile legal services market by provider, 2014 - 2025 (USD Billion) FIG. 76 MEA legal services market, 2014 - 2025 (USD Billion) FIG. 77 MEA legal services market by services, 2014 - 2025 (USD Billion) FIG. 78 MEA legal services market by firm size, 2014 - 2025 (USD Billion) FIG. 79 MEA legal services market by provider, 2014 - 2025 (USD Billion)
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