The Business Research Company’s report goes into great detail on the B2B legal services market size and growth, B2B legal services market regional analysis, B2B legal services market competitive landscape, and other critical information needed to excel in the B2B legal services industry.

Major players in the B2B legal services market include Latham & Watkins LLP, Kirkland & Ellis LLP, DLA Piper, Baker & McKenzie, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, Sidley Austin LLP, Morgan, Lewis & Bockius LLP, Linklaters LLP, Jones Day and Allen & Overy LLP.

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 B2B legal services market is expected to grow from $390.92 billion in 2021 to $432.67 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The growth in the B2B 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 B2B legal services market is expected to reach $610.02 billion in 2026 at a CAGR of 9.0%.

North America was the largest region in the B2B legal services market in 2021

The B2B legal services market consists of the sales of law-related services by entities (organizations, sole traders, and partnerships) that advise corporate clients on the body of law that governs disputes between businesses and represent corporate clients in civil or criminal cases, business transactions and other matters in which legal advice and other assistance are sought. This segment excludes legal services offered during disputes between businesses and individuals. B2B legal services are usually provided by commercial law firms. Clients of commercial law firms include listed corporations, government institutions, small and medium-sized enterprises, and high net worth individuals. Only goods and services traded between entities or sold to end consumers are included.

An increase in the number of mergers and acquisitions contributed to the growth of the B2B legal services market.

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Legal service firms are using blockchain to provide a secure way to make transactions and record that transparently. Blockchain is open, distributed ledger that record transactions between the two association or companies efficiently and permanent way.

TBRC’s Global B2B Legal Services Market Report Is Segmented:
By Service Type: Civil or Criminal, Mergers and Acquisitions, Business Transactions, Others

By End-user: Listed Corporations, Government Institutions, Small and Medium-sized Enterprises, High Net worth Individuals, Others

By Size of Law Firm: Large law firms, SME law firms

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

The B2B 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 B2B legal services market globally and regionally, analyzes and forecasts market size, share, B2B legal services market players, B2B legal services market segments, leading competitor revenues, profiles and market shares.

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