Law Firms in Massachusetts
The Law Firms industry in Massachusetts has been growing steadily over the five years to 2018. The diversity of demand and the necessity of services provided by operators has contributed to the industry's steady performance. However, growth has been mitigated by the proliferation of less expensive, oftentimes free, online legal aid and resources, as well as large corporations switching to in-house lawyers rather than outsourcing. Over the five years to 2023, revenue is forecast to increase. The number of businesses in Massachusetts is anticipated to grow at a faster rate than the previous five-year period. Additionally, overall increases in corporate profit and initial public offerings at the national level are expected to propel demand.
This industry comprises offices of legal practitioners, known as lawyers or attorneys, who primarily practice law in Massachusetts. Establishments provide expertise on a range of areas or 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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook