Global Legal Services Market Opportunities And Strategies – Forecast To 2030 – Includes Legal Services Market Growth
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Growth in fraud, cybercrimes and other economic crimes is expected to drive the legal services market in the forecast period, as per The Business Research Company’s legal services market opportunities and strategies report.
The legal services market is expected to grow from $0.71 trillion in 2021 to $0.99 trillion in 2026 at a rate of 6.97%. The market is then expected to grow at a CAGR of 5.60% from 2026 and reach $1.31 trillion in 2031.
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Major players in the legal services market include Latham & Watkins LLP, Kirkland & Ellis LLP, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, DLA Piper, Baker & McKenzie.
Legal service providers are increasingly using online legal research tools and resources to improve research quality and reduce research time.
The Global Legal Services Market Is Segmented:
By Type Of Service: B2B Legal Services (B2B Legal Services – Large Law Firms, B2B Legal Services – SME Law Firms), B2C Legal Services (B2C Legal Services – Large Law Firms, B2C Legal Services – SME Law Firms), Hybrid Legal Services (Hybrid Legal Services – Large Law Firms, Hybrid Legal Services – SME Law Firms), Criminal Law Practices (Criminal Law Practices – Large Law Firms, Criminal Law Practices – SME Law Firms)
By Size Of Law Firm: Large Law Firms, SME Law Firms
By Mode: Online, Offline
By Type Of Practice: Litigation, Corporate, Labor/Employment, Real Estate, Patent Litigation, Tax, Bankruptcy, Others (Regulatory, M&A, Antitrust, Environmental)
By End-User: Individuals, Financial Services, Mining And Oil & Gas, Manufacturing, Construction, IT Services, Other Services, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global legal services market.
TBRC’s Legal Services Market Report Covers:
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Legal Services Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough legal services market research, analyzes and forecasts legal services market size, legal services market share, legal services market players, legal services market trends, legal services market segmentation and geographies, leading competitor revenues, profiles and market shares.
TBRC’s legal services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
The legal services market consists of 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 is sought. Legal services providers 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.
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