Law Firms in the US - Industry Market Research Report

Law Firms in the US

Hit hard by the financial crisis and the dismal economy, many major firms will look to international expansion and M&A activity to boost profitability. Despite an increase in demand, clients will be hesitant to spend for overpriced services; instead, they will increasingly demand alternative-pricing plans to bring the cost of service further in line with the value it provides. Over the next five years, the cost reductions firms implemented during the recession and M&A activity among participants will help escalate the industry's recovery and raise profitability.

This industry comprises offices of legal practitioners, known as lawyers or attorneys, which are primarily engaged in the practice of law. Establishments in the Law Firms industry provide expertise on a range of areas or in specific areas of law, such as criminal, corporate, family and estate, patent, real estate or tax.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.