The Business Research Company’s report goes into great detail on the legal services market size and growth, legal services market regional analysis, legal services market competitive landscape, and other critical information needed to excel in the legal services industry.

Major players in the legal services market include Latham & Watkins LLP, Kirkland & Ellis LLP, DLA Piper, Baker & McKenzie, Dentons, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, Sidley Austin LLP, Morgan, Lewis & Bockius LLP, Linklaters LLP and Jones Day.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global legal services market is expected to grow from $713.12 billion in 2021 to $788.94 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The growth in the legal services market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The legal services market is expected to reach $1112.75 billion in 2026 at a CAGR of 9.0%.

North America was the largest region in the legal services market in 2021.

The legal services market consists of the sales of law-related services and related goods by entities (organizations, sole traders and partnerships) that advise clients (individuals, businesses or other entities) about their legal rights and responsibilities, and represent clients in civil or criminal cases, business transactions and other matters, in which legal advice and other assistance are sought. Legal services undertake processes where human capital is the major input. They make available the knowledge and skills of their employees, often on an assignment basis, where an individual or a team is responsible for the delivery of services to the client.

Globally, changes in political structure, legal reforms, and trade agreements are creating opportunities for law firms. Changes in the legal structure of intrastate agreements increases the demand for legal services.

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Law firms around the world are offering cybercrime legal consulting services to their clients, owing to the increasing incidence of this type of crime. Cybercrime refers to a crime that is committed using an internet connection and a computer. This includes cyber-stalking, counterfeiting, money laundering, embezzlement, fraud, and tax evasion using internet and electronic devices. In the UK alone, around $35 billion is the estimated annual cost of cybercrimes. Law firms offering cybercrime consulting services employ lawyers, consultants, and ethical hackers who are experienced in handling crisis management, online financial theft, loss of data, data privacy, and intellectual property infringement.

TBRC’s Global Legal Services Market Report Is Segmented:
By Type: B2B Legal Services, B2C Legal Services, Hybrid Legal Services, Criminal Law Practices

By Size: Large Law Firms, SME Law Firms

By End-Users: Individuals, Financial Services, Mining And Oil & Gas, Manufacturing, Construction, IT Services, Others

By Type Of Practice: Litigation, Corporate, Labor/Employment, Real Estate, Patent Litigation, Tax, Bankruptcy, Others (Regulatory, M&A, Antitrust, Environmental)

By Mode: Online, Offline

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa

The Legal Services Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the legal services market globally and regionally, analyzes and forecasts market size, share, legal services market players, legal services market segments, leading competitor revenues, profiles and market shares.

Here Is A List Of Similar Reports From The Business Research Company:

Financial Services Global Market Report 2022

Digital Publishing Global Market Report 2022

B2B Legal Services Global Market Report 2022

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