Global Legal Services industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Questions Answered:
- What was the size of the global legal services market by value in 2018?
- What will be the size of the global legal services market in 2023?
- 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?
- Essential resource for top-line data and analysis covering the global legal services market. Includes market size data, textual and graphical analysis of market growth trends and leading companies.
- 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 2018 exchange rates.
- The global legal services market had total revenues of $668.7bn in 2018, representing a compound annual growth rate (CAGR) of 3.4% between 2014 and 2018.
- Market volume increased with a CAGR of 3.7% between 2014 and 2018, to reach a total of 7.2 million legal professionals in 2018.
- The US legal services market is the largest in the world, accounting for 47% of global revenue in 2018 and owning most of the largest global firms.
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