Online Legal Services
The Online Legal Services industry has experienced robust growth over the five years to 2018 due to a number of factors that have made online legal documentation, lawyer networking and other generic legal services more accessible to consumers and small businesses. For example, a rise in e-commerce and shifting consumer purchasing patterns have fostered industry growth. As the use of online resources has broadened, more price-cautious consumers have used the internet to find reasonably priced alternatives to traditional lawyers, as online providers tend to price services lower than brick-and-mortar law firms. Strong demand for online legal services is projected to continue over the five years to 2023. Competition to provide web-enabled legal document preparation will heat up as better technology enables a wider range of forms and legal actions to be completed online. Furthermore, a continued expansion in the total number of US businesses will increase the industry's potential client base and drive growth.
Operators in this industry provide legal services to clients using the internet and associated technologies as the primary means of communication. The industry includes virtual law firms without brick-and-mortar locations that offer both bundled and unbundled services, as well as companies that primarily provide online legal documentation services like interactive documents that can be tailored to a client’s specific need.
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.