Global Legal Practice Management Software Market 2017-2021

Global Legal Practice Management Software Market 2017-2021

About Legal Practice Management Software

Legal practice management software helps to manage legal case and client records, time tracking and billing, document management, centralized case management, and calendar and case schedules. The software also handles all front and back office needs including general ledger, time recording, billing, and accounting. It is mainly used by law firms, in-house legal professionals, corporate, and government departments. The implementation of software allows end-users to maintain a leadership position by controlling every aspect of financial practice management while managing stringent compliance protocols.Technavio’s analysts forecast the global legal practice management software market to grow at a CAGR of 13.71% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global legal practice management software market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sale of legal practice management software licenses, maintenance and support, installation, customization, and training. Only the software services market is taken into consideration, which includes ongoing support, maintenance services, and education and training services.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Legal Practice Management Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Eclipse Legal Systems
  • Matrix Pointe Software
  • MITRATECH
  • Orion Law Management Systems
  • Rippe & Kingston
Other prominent vendors
  • Abacus Data Systems
  • Actionstep
  • AppleSource Software
  • BHL Software
  • CosmoLex
  • DPS Software
  • Drive Revenue
  • FilePro
  • Firm Central
  • GoMatters
  • Intuit
  • Jarvis Software
  • LawGro
  • LawPro Legal Systems
  • LawWare
  • LEAP Legal Software
  • Legal Software Systems
  • LEGALTREK
  • LegalXGen
  • Linetime
  • LexisNexis
  • LexRex
  • Needles Case Management Software
  • Peapod LegalOffice
  • Quill Pinpoint
  • Redbrick Solutions
  • Select Legal Systems
  • Solicitors Own Software
  • TimeSolv
  • The Legal Assistant
  • WinYou-Law
  • Wise Owl Legal
  • Wolters Kluwer
  • Zelican Technologies
Market driver
  • Vendor’s pricing strategies
  • For a full, detailed list, view our report
Market challenge
  • High implementation and maintenance costs
  • For a full, detailed list, view our report
Market trend
  • Introduction of mobile legal practice management apps
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Releases

Technavio Announces the Publication of its Research Report – Global Legal Practice Management Software Market 2017-2021

Technavio recognizes the following companies as the key players in the global legal practice management software market: Eclipse Legal Systems, Matrix Pointe Software, MITRATECH, Orion Law Management Systems, and Rippe & Kingston.

Other Prominent Vendors in the market are: Abacus Data Systems, Actionstep, AppleSource Software, BHL Software, CosmoLex, DPS Software, Drive Revenue, FilePro, Firm Central, GoMatters, Intuit, Jarvis Software, LawGro, LawPro Legal Systems, LawWare, LEAP Legal Software, Legal Software Systems, LEGALTREK, LegalXGen, Linetime, LexisNexis, LexRex, Needles Case Management Software, Peapod LegalOffice, Quill Pinpoint, Redbrick Solutions, Select Legal Systems, Solicitors Own Software, TimeSolv, The Legal Assistant, WinYou-Law, Wise Owl Legal, Wolters Kluwer, and Zelican Technologies.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Introduction of mobile legal practice management apps. The growing use of mobile devices and smartphones for professional purposes is a key trend in the global legal practice management software market. Law firms are increasingly focusing on adopting legal practice management mobile apps because these provide them the flexibility to access case and client information whenever and wherever they need. Lawyers use mobile devices to keep themselves up to date with what is happening in the office including the progress of matters, documents, and billing. Remote working has become a necessary option for all modern legal businesses as client expectations and technology preferences have changed.”

According to the report, one of the major drivers for this market is Vendor’s pricing strategies. To thrive in the competitive market environment, software vendors are adopting customer-centric pricing strategies enabled by advances in technology. Several vendors in the legal practice management software market are focusing on providing value-based pricing models depending on the customer's needs and value perception. The pricing of the software is based on the differentiating features of the software solution and the value-added features provided to the customers.

Further, the report states that one of the major factors hindering the growth of this market is High implementation and maintenance costs. The high cost of deploying on-premise legal practice management software solutions is one of the major challenges in the market for small law firms. The price of the legal practice management software includes the cost of software licensing, system design and customization, implementation, training, and maintenance. Companies that purchase these software solutions require IT staff with the requisite skill sets. The implementation of the software requires self-assessment, planning, adequate funding, clear vision, and cooperation at all managerial levels. Enterprises also need to train their employees to use the application efficiently. Post implementation, the software requires continuous upgrades to keep up with the market trends. These factors lead to high implementation and maintenance costs, which adversely affect the adoption of these software solutions among end-users.

Companies Mentioned

Eclipse Legal Systems, Matrix Pointe Software, MITRATECH, Orion Law Management Systems, Rippe & Kingston, Abacus Data Systems, Actionstep, AppleSource Software, BHL Software, CosmoLex, DPS Software, Drive Revenue, FilePro, Firm Central, GoMatters, Intuit, Jarvis Software, LawGro, LawPro Legal Systems, LawWare, LEAP Legal Software, Legal Software Systems, LEGALTREK, LegalXGen, Linetime, LexisNexis, LexRex, Needles Case Management Software, Peapod LegalOffice, Quill Pinpoint, Redbrick Solutions, Select Legal Systems, Solicitors Own Software, TimeSolv, The Legal Assistant, WinYou-Law, Wise Owl Legal, Wolters Kluwer, and Zelican Technologies.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Economic overview
    • Impact of economic and political factors on market
  • Market landscape
    • Market overview
    • Market assumptions
      • Table Market assumptions
    • Market size and forecast
      • Table Licensing models
      • Table Global legal practice management software market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by deployment
    • Global legal practice management software market by deployment model
      • Table Deployment models
      • Table Global legal practice management software market by deployment 2016-2021
    • Global on-premise legal practice management software market
      • Table Global on-premise legal practice management software market 2016-2021 ($ billions)
    • Global cloud-based legal practice management software market
      • Table Global cloud-based legal practice management software market 2016-2021 ($ billions)
      • Table Costs in on-premise and cloud-based legal practice management software solutions
  • Geographical segmentation
    • Global legal practice management software market by geography
      • Table Global legal practice management software market by geography 2016-2021
      • Table Global legal practice management software market by geography 2016-2021 ($ billions)
  • Buying criteria
    • Buying criteria for legal practice management software
      • Table Buying criteria for legal practice management software
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Open-source legal practice management software
  • Market trends
    • Introduction of mobile legal practice management apps
    • Emergence of legal process outsourcing
    • Law firms going environment-friendly
  • Vendor landscape
    • Competitive scenario
    • Vendor matrix
      • Table Product offerings
      • Table Features
      • Table Deployment models
      • Table Support
      • Table Geographical presence
    • Comparative chart for vendors
      • Table Comparative chart for vendors
    • Description of vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Mergers and acquisitions
    • M&A in the market
      • Table M&A in global legal practice management software market
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook