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Legal Services Market Summary, Competitive Analysis and Forecast to 2027

Publisher MarketLine
Published Jul 26, 2023
Length 202 Pages
SKU # MTLN18143280

Description

Legal Services Market Summary, Competitive Analysis and Forecast to 2027


Summary

Global Legal Services industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

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.
  • All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
  • The global legal services market had total revenues of $715.2 billion in 2022, representing a compound annual growth rate (CAGR) of 3.7% between 2017 and 2022.
  • Market consumption volume increased with a CAGR of 3.5% between 2017 and 2022, to reach a total of 8.2 million law personnel in 2022.
  • The market growth in 2022 is attributed to economic growth, the growing affordability of legal services backed by increasing income levels and employment, population growth, and rising demand for legal services among individuals, businesses, and government entities.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the global legal services market
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global legal services market
  • Leading company profiles reveal details of key legal services market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the global legal services market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the global legal services market by value in 2022?
  • What will be the size of the global legal services market in 2027?
  • 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?

Table of Contents

202 Pages
1.EXECUTIVE SUMMARY
1.1.Market value
1.2.Market value forecast
1.3.Market volume
1.4.Market volume forecast
1.5.Geography segmentation
1.6.Competitive landscape
2.Introduction
2.1.What is this report about?
2.2.Who is the target reader?
2.3.How to use this report
2.4.Definitions
3.Global Legal Services
3.1.Market Overview
3.2.Market Data
3.3.Market Segmentation
3.4.Market outlook
3.5.Five forces analysis
4.Macroeconomic Indicators
4.1.Country data
5.Legal Services in Asia-Pacific
5.1.Market Overview
5.2.Market Data
5.3.Market Segmentation
5.4.Market outlook
5.5.Five forces analysis
6.Legal Services in Europe
6.1.Market Overview
6.2.Market Data
6.3.Market Segmentation
6.4.Market outlook
6.5.Five forces analysis
7.Macroeconomic Indicators
7.1.Country data
8.Legal Services in Japan
8.1.Market Overview
8.2.Market Data
8.3.Market Segmentation
8.4.Market outlook
8.5.Five forces analysis
9.Macroeconomic Indicators
9.1.Country data
10.Legal Services in The United Kingdom
10.1.Market Overview
10.2.Market Data
10.3.Market Segmentation
10.4.Market outlook
10.5.Five forces analysis
11.Macroeconomic Indicators
11.1.Country data
12.Legal Services in The United States
12.1.Market Overview
12.2.Market Data
12.3.Market Segmentation
12.4.Market outlook
12.5.Five forces analysis
13.Macroeconomic Indicators
13.1.Country data
14.Legal Services in France
14.1.Market Overview
14.2.Market Data
14.3.Market Segmentation
14.4.Market outlook
14.5.Five forces analysis
15.Macroeconomic Indicators
15.1.Country data
16.Legal Services in Germany
16.1.Market Overview
16.2.Market Data
16.3.Market Segmentation
16.4.Market outlook
16.5.Five forces analysis
17.Macroeconomic Indicators
17.1.Country data
18.Company Profiles
18.1.Baker & McKenzie LLP
18.2.Kirkland & Ellis LLP
18.3.Latham & Watkins LLP
18.4.Freshfields Bruckhaus Deringer LLP
18.5.Clifford Chance LLP
18.6.Dentons UK and Middle East LLP
18.7.Herbert Smith Freehills
18.8.Allen & Overy LLP
18.9.Mori Hamada & Matsumoto
18.10.TMI Associates
18.11.Nagashima Ohno & Tsunematsu
18.12.Linklaters LLP
18.13.Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
18.14.Darrois Villey Maillot Brochier A.A.R.P.I.
18.15.Gide Loyrette Nouel
18.16.Bredin Prat & Associates
18.17.Hengeler Mueller Partnerschaft von Rechtsanwalten mbB
18.18.Taylor Wessing LLP
18.19.Noerr LLP
19.Appendix
19.1.Methodology
19.2.About MarketLine
List of Tables
Table 1: Global legal services market value: $ billion, 2017-22
Table 2: Global legal services market volume: thousand personnels, 2017-22
Table 3: Global legal services market geography segmentation: $ billion, 2022
Table 4: Global legal services market value forecast: $ billion, 2022-27
Table 5: Global legal services market volume forecast: thousand personnels, 2022-27
Table 6: Global size of population (million), 2018-22
Table 7: Global gdp (constant 2005 prices, $ billion), 2018-22
Table 8: Global gdp (current prices, $ billion), 2018-22
Table 9: Global inflation, 2018-22
Table 10: Global consumer price index (absolute), 2018-22
Table 11: Global exchange rate, 2018-22
Table 12: Asia-Pacific legal services market value: $ billion, 2017-22
Table 13: Asia-Pacific legal services market volume: thousand personnels, 2017-22
Table 14: Asia-Pacific legal services market geography segmentation: $ billion, 2022
Table 15: Asia-Pacific legal services market value forecast: $ billion, 2022-27
Table 16: Asia-Pacific legal services market volume forecast: thousand personnels, 2022-27
Table 17: Europe legal services market value: $ billion, 2017-22
Table 18: Europe legal services market volume: thousand personnels, 2017-22
Table 19: Europe legal services market geography segmentation: $ billion, 2022
Table 20: Europe legal services market value forecast: $ billion, 2022-27
Table 21: Europe legal services market volume forecast: thousand personnels, 2022-27
Table 22: Europe size of population (million), 2018-22
Table 23: Europe gdp (constant 2005 prices, $ billion), 2018-22
Table 24: Europe gdp (current prices, $ billion), 2018-22
Table 25: Europe inflation, 2018-22
Table 26: Europe consumer price index (absolute), 2018-22
Table 27: Europe exchange rate, 2018-22
Table 28: Japan legal services market value: $ billion, 2017-22
Table 29: Japan legal services market volume: thousand personnels, 2017-22
Table 30: Japan legal services market geography segmentation: $ billion, 2022
Table 31: Japan legal services market value forecast: $ billion, 2022-27
Table 32: Japan legal services market volume forecast: thousand personnels, 2022-27
Table 33: Japan size of population (million), 2018-22
Table 34: Japan gdp (constant 2005 prices, $ billion), 2018-22
Table 35: Japan gdp (current prices, $ billion), 2018-22
Table 36: Japan inflation, 2018-22
Table 37: Japan consumer price index (absolute), 2018-22
Table 38: Japan exchange rate, 2018-22
Table 39: United Kingdom legal services market value: $ billion, 2017-22
Table 40: United Kingdom legal services market volume: thousand personnels, 2017-22
Table 41: United Kingdom legal services market geography segmentation: $ billion, 2022
Table 42: United Kingdom legal services market value forecast: $ billion, 2022-27
Table 43: United Kingdom legal services market volume forecast: thousand personnels, 2022-27
Table 44: United Kingdom size of population (million), 2018-22
Table 45: United Kingdom gdp (constant 2005 prices, $ billion), 2018-22
Table 46: United Kingdom gdp (current prices, $ billion), 2018-22
Table 47: United Kingdom inflation, 2018-22
Table 48: United Kingdom consumer price index (absolute), 2018-22
Table 49: United Kingdom exchange rate, 2018-22
Table 50: United States legal services market value: $ billion, 2017-22
Table 51: United States legal services market volume: thousand personnels, 2017-22
Table 52: United States legal services market geography segmentation: $ billion, 2022
Table 53: United States legal services market value forecast: $ billion, 2022-27
Table 54: United States legal services market volume forecast: thousand personnels, 2022-27
Table 55: United States size of population (million), 2018-22
Table 56: United States gdp (constant 2005 prices, $ billion), 2018-22
Table 57: United States gdp (current prices, $ billion), 2018-22
Table 58: United States inflation, 2018-22
Table 59: United States consumer price index (absolute), 2018-22
Table 60: United States exchange rate, 2018-22
Table 61: France legal services market value: $ billion, 2017-22
Table 62: France legal services market volume: thousand personnels, 2017-22
Table 63: France legal services market geography segmentation: $ billion, 2022
Table 64: France legal services market value forecast: $ billion, 2022-27
Table 65: France legal services market volume forecast: thousand personnels, 2022-27
Table 66: France size of population (million), 2018-22
Table 67: France gdp (constant 2005 prices, $ billion), 2018-22
Table 68: France gdp (current prices, $ billion), 2018-22
Table 69: France inflation, 2018-22
Table 70: France consumer price index (absolute), 2018-22
Table 71: France exchange rate, 2018-22
Table 72: Germany legal services market value: $ billion, 2017-22
Table 73: Germany legal services market volume: thousand personnels, 2017-22
Table 74: Germany legal services market geography segmentation: $ billion, 2022
Table 75: Germany legal services market value forecast: $ billion, 2022-27
Table 76: Germany legal services market volume forecast: thousand personnels, 2022-27
Table 77: Germany size of population (million), 2018-22
Table 78: Germany gdp (constant 2005 prices, $ billion), 2018-22
Table 79: Germany gdp (current prices, $ billion), 2018-22
Table 80: Germany inflation, 2018-22
Table 81: Germany consumer price index (absolute), 2018-22
Table 82: Germany exchange rate, 2018-22
Table 83: Baker & McKenzie LLP: key facts
Table 84: Baker & McKenzie LLP: Key Employees
Table 85: Baker & McKenzie LLP: Key Employees Continued
Table 86: Baker & McKenzie LLP: Key Employees Continued
Table 87: Baker & McKenzie LLP: Key Employees Continued
Table 88: Kirkland & Ellis LLP: key facts
Table 89: Kirkland & Ellis LLP: Key Employees
Table 90: Latham & Watkins LLP: key facts
Table 91: Latham & Watkins LLP: Key Employees
Table 92: Freshfields Bruckhaus Deringer LLP: key facts
Table 93: Freshfields Bruckhaus Deringer LLP: Key Employees
Table 94: Clifford Chance LLP: key facts
Table 95: Clifford Chance LLP: Key Employees
Table 96: Clifford Chance LLP: Key Employees Continued
Table 97: Dentons UK and Middle East LLP: key facts
Table 98: Dentons UK and Middle East LLP: Key Employees
Table 99: Herbert Smith Freehills: key facts
Table 100: Herbert Smith Freehills: Key Employees
Table 101: Allen & Overy LLP: key facts
Table 102: Allen & Overy LLP: Key Employees
Table 103: Allen & Overy LLP: Key Employees Continued
Table 104: Allen & Overy LLP: Key Employees Continued
Table 105: Mori Hamada & Matsumoto: key facts
Table 106: Mori Hamada & Matsumoto: Key Employees
Table 107: TMI Associates: key facts
Table 108: TMI Associates: Key Employees
Table 109: Nagashima Ohno & Tsunematsu: key facts
Table 110: Nagashima Ohno & Tsunematsu: Key Employees
Table 111: Linklaters LLP: key facts
Table 112: Linklaters LLP: Key Employees
Table 113: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates: key facts
Table 114: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates: Key Employees
Table 115: Darrois Villey Maillot Brochier A.A.R.P.I.: key facts
Table 116: Gide Loyrette Nouel: key facts
Table 117: Gide Loyrette Nouel: Key Employees
Table 118: Gide Loyrette Nouel: Key Employees Continued
Table 119: Bredin Prat & Associates: key facts
Table 120: Bredin Prat & Associates: Key Employees
Table 121: Hengeler Mueller Partnerschaft von Rechtsanwalten mbB: key facts
Table 122: Hengeler Mueller Partnerschaft von Rechtsanwalten mbB: Key Employees
Table 123: Hengeler Mueller Partnerschaft von Rechtsanwalten mbB: Key Employees Continued
Table 124: Hengeler Mueller Partnerschaft von Rechtsanwalten mbB: Key Employees Continued
Table 125: Hengeler Mueller Partnerschaft von Rechtsanwalten mbB: Key Employees Continued
Table 126: Taylor Wessing LLP: key facts
Table 127: Taylor Wessing LLP: Key Employees
Table 128: Noerr LLP: key facts
Table 129: Noerr LLP: Key Employees
List of Figures
Figure 1: Global legal services market value: $ billion, 2017-22
Figure 2: Global legal services market volume: thousand personnels, 2017-22
Figure 3: Global legal services market geography segmentation: % share, by value, 2022
Figure 4: Global legal services market value forecast: $ billion, 2022-27
Figure 5: Global legal services market volume forecast: thousand personnels, 2022-27
Figure 6: Forces driving competition in the global legal services market, 2022
Figure 7: Drivers of buyer power in the global legal services market, 2022
Figure 8: Drivers of supplier power in the global legal services market, 2022
Figure 9: Factors influencing the likelihood of new entrants in the global legal services market, 2022
Figure 10: Factors influencing the threat of substitutes in the global legal services market, 2022
Figure 11: Drivers of degree of rivalry in the global legal services market, 2022
Figure 12: Asia-Pacific legal services market value: $ billion, 2017-22
Figure 13: Asia-Pacific legal services market volume: thousand personnels, 2017-22
Figure 14: Asia-Pacific legal services market geography segmentation: % share, by value, 2022
Figure 15: Asia-Pacific legal services market value forecast: $ billion, 2022-27
Figure 16: Asia-Pacific legal services market volume forecast: thousand personnels, 2022-27
Figure 17: Forces driving competition in the legal services market in Asia-Pacific, 2022
Figure 18: Drivers of buyer power in the legal services market in Asia-Pacific, 2022
Figure 19: Drivers of supplier power in the legal services market in Asia-Pacific, 2022
Figure 20: Factors influencing the likelihood of new entrants in the legal services market in Asia-Pacific, 2022
Figure 21: Factors influencing the threat of substitutes in the legal services market in Asia-Pacific, 2022
Figure 22: Drivers of degree of rivalry in the legal services market in Asia-Pacific, 2022
Figure 23: Europe legal services market value: $ billion, 2017-22
Figure 24: Europe legal services market volume: thousand personnels, 2017-22
Figure 25: Europe legal services market geography segmentation: % share, by value, 2022
Figure 26: Europe legal services market value forecast: $ billion, 2022-27
Figure 27: Europe legal services market volume forecast: thousand personnels, 2022-27
Figure 28: Forces driving competition in the legal services market in Europe, 2022
Figure 29: Drivers of buyer power in the legal services market in Europe, 2022
Figure 30: Drivers of supplier power in the legal services market in Europe, 2022
Figure 31: Factors influencing the likelihood of new entrants in the legal services market in Europe, 2022
Figure 32: Factors influencing the threat of substitutes in the legal services market in Europe, 2022
Figure 33: Drivers of degree of rivalry in the legal services market in Europe, 2022
Figure 34: Japan legal services market value: $ billion, 2017-22
Figure 35: Japan legal services market volume: thousand personnels, 2017-22
Figure 36: Japan legal services market geography segmentation: % share, by value, 2022
Figure 37: Japan legal services market value forecast: $ billion, 2022-27
Figure 38: Japan legal services market volume forecast: thousand personnels, 2022-27
Figure 39: Forces driving competition in the legal services market in Japan, 2022
Figure 40: Drivers of buyer power in the legal services market in Japan, 2022
Figure 41: Drivers of supplier power in the legal services market in Japan, 2022
Figure 42: Factors influencing the likelihood of new entrants in the legal services market in Japan, 2022
Figure 43: Factors influencing the threat of substitutes in the legal services market in Japan, 2022
Figure 44: Drivers of degree of rivalry in the legal services market in Japan, 2022
Figure 45: United Kingdom legal services market value: $ billion, 2017-22
Figure 46: United Kingdom legal services market volume: thousand personnels, 2017-22
Figure 47: United Kingdom legal services market geography segmentation: % share, by value, 2022
Figure 48: United Kingdom legal services market value forecast: $ billion, 2022-27
Figure 49: United Kingdom legal services market volume forecast: thousand personnels, 2022-27
Figure 50: Forces driving competition in the legal services market in the United Kingdom, 2022
Figure 51: Drivers of buyer power in the legal services market in the United Kingdom, 2022
Figure 52: Drivers of supplier power in the legal services market in the United Kingdom, 2022
Figure 53: Factors influencing the likelihood of new entrants in the legal services market in the United Kingdom, 2022
Figure 54: Factors influencing the threat of substitutes in the legal services market in the United Kingdom, 2022
Figure 55: Drivers of degree of rivalry in the legal services market in the United Kingdom, 2022
Figure 56: United States legal services market value: $ billion, 2017-22
Figure 57: United States legal services market volume: thousand personnels, 2017-22
Figure 58: United States legal services market geography segmentation: % share, by value, 2022
Figure 59: United States legal services market value forecast: $ billion, 2022-27
Figure 60: United States legal services market volume forecast: thousand personnels, 2022-27
Figure 61: Forces driving competition in the legal services market in the United States, 2022
Figure 62: Drivers of buyer power in the legal services market in the United States, 2022
Figure 63: Drivers of supplier power in the legal services market in the United States, 2022
Figure 64: Factors influencing the likelihood of new entrants in the legal services market in the United States, 2022
Figure 65: Factors influencing the threat of substitutes in the legal services market in the United States, 2022
Figure 66: Drivers of degree of rivalry in the legal services market in the United States, 2022
Figure 67: France legal services market value: $ billion, 2017-22
Figure 68: France legal services market volume: thousand personnels, 2017-22
Figure 69: France legal services market geography segmentation: % share, by value, 2022
Figure 70: France legal services market value forecast: $ billion, 2022-27
Figure 71: France legal services market volume forecast: thousand personnels, 2022-27
Figure 72: Forces driving competition in the legal services market in France, 2022
Figure 73: Drivers of buyer power in the legal services market in France, 2022
Figure 74: Drivers of supplier power in the legal services market in France, 2022
Figure 75: Factors influencing the likelihood of new entrants in the legal services market in France, 2022
Figure 76: Factors influencing the threat of substitutes in the legal services market in France, 2022
Figure 77: Drivers of degree of rivalry in the legal services market in France, 2022
Figure 78: Germany legal services market value: $ billion, 2017-22
Figure 79: Germany legal services market volume: thousand personnels, 2017-22
Figure 80: Germany legal services market geography segmentation: % share, by value, 2022
Figure 81: Germany legal services market value forecast: $ billion, 2022-27
Figure 82: Germany legal services market volume forecast: thousand personnels, 2022-27
Figure 83: Forces driving competition in the legal services market in Germany, 2022
Figure 84: Drivers of buyer power in the legal services market in Germany, 2022
Figure 85: Drivers of supplier power in the legal services market in Germany, 2022
Figure 86: Factors influencing the likelihood of new entrants in the legal services market in Germany, 2022
Figure 87: Factors influencing the threat of substitutes in the legal services market in Germany, 2022
Figure 88: Drivers of degree of rivalry in the legal services market in Germany, 2022

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