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Legal Services in the United States

Legal Services in the United States

Summary

Legal Services in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

synopsis

Essential resource for top-line data and analysis covering the United States legal services market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

  • The legal services market includes practitioners of law operating in every sector of the legal spectrum. These include commercial, criminal, legal aid, insolvency, labor/industrial, family and taxation law.
  • The US legal services market had total revenues of $294.2bn in 2017, representing a compound annual growth rate (CAGR) of 1.6% between 2013 and 2017.
  • Market volume increased with a CAGR of 0.1% between 2013 and 2017, to reach a total of 1,282.6 million legal professionals in 2017.
  • The US legal services market is the largest in the world, accounting for 46.4% of global revenue in 2017 and most of the largest global firms.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the legal services market in the United States
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the legal services market in the United States
  • 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 United States legal services market with five year forecasts by both value and volume
Reasons to buy
  • What was the size of the United States legal services market by value in 2017?
  • What will be the size of the United States legal services market in 2022?
  • What factors are affecting the strength of competition in the United States legal services market?
  • How has the market performed over the last five years?
  • How large is the United States’s legal services market in relation to its regional counterparts?


Executive Summary 2
Market value 2
Market value forecast 2
Market volume 2
Market volume forecast 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 9
Market value 9
Market volume 10
Market Segmentation 11
Geography segmentation 11
Market Outlook 12
Market value forecast 12
Market volume forecast 13
Five Forces Analysis 14
Summary 14
Buyer power 15
Supplier power 16
New entrants 17
Threat of substitutes 18
Degree of rivalry 19
Leading Companies 20
Baker & McKenzie LLP 20
Kirkland & Ellis LLP 22
Latham & Watkins LLP 23
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates 24
Macroeconomic Indicators 26
Country data 26
Methodology 28
Industry associations 29
Related MarketLine research 29
Appendix 30
About MarketLine 30
List of Tables
Table 1: United States legal services market value: $ billion, 2013-17
Table 2: United States legal services market volume: thousand legal professionals, 2013-17
Table 3: United States legal services market geography segmentation: $ billion, 2017
Table 4: United States legal services market value forecast: $ billion, 2017-22
Table 5: United States legal services market volume forecast: thousand legal professionals, 2017-22
Table 6: Baker & McKenzie LLP: key facts
Table 7: Kirkland & Ellis LLP: key facts
Table 8: Latham & Watkins LLP: key facts
Table 9: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates: key facts
Table 10: United States size of population (million), 2013-17
Table 11: United States gdp (constant 2005 prices, $ billion), 2013-17
Table 12: United States gdp (current prices, $ billion), 2013-17
Table 13: United States inflation, 2013-17
Table 14: United States consumer price index (absolute), 2013-17
Table 15: United States exchange rate, 2013-17
List of Figures
Figure 1: United States legal services market value: $ billion, 2013-17
Figure 2: United States legal services market volume: thousand legal professionals, 2013-17
Figure 3: United States legal services market geography segmentation: % share, by value, 2017
Figure 4: United States legal services market value forecast: $ billion, 2017-22
Figure 5: United States legal services market volume forecast: thousand legal professionals, 2017-22
Figure 6: Forces driving competition in the legal services market in the United States, 2017
Figure 7: Drivers of buyer power in the legal services market in the United States, 2017
Figure 8: Drivers of supplier power in the legal services market in the United States, 2017
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in the United States, 2017
Figure 10: Factors influencing the threat of substitutes in the legal services market in the United States, 2017
Figure 11: Drivers of degree of rivalry in the legal services market in the United States, 2017

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