The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Globally, changes in political structures, legal reforms, and trade agreements are expected to drive innovation in legal services manufacturing, thereby driving the market during the forecast period.

The global legal services market is expected to grow from $787.28 billion in 2022 to $838.92 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The legal services market is expected to grow from $1,034.52 billion in 2027 at a CAGR of 5.4%.

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Global Legal Services Market Segments Include:

• 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, Other End-Users
• By Type Of Practice: Litigation, Corporate, Labor/Employment, Real Estate, Patent Litigation, Tax, Bankruptcy, Other Type Of Practices (Regulatory, M&A, Antitrust, Environmental)
• By Mode: Online, Offline
• 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 in 2021.

Major Market 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.

Because of the growing prevalence of cybercrime, law firms all over the world are providing cybercrime legal consulting services to their clients. A cybercrime is a crime committed with the use of an internet connection and a computer. Cyberstalking, counterfeiting, money laundering, embezzlement, fraud, and tax evasion all involve the use of the internet and electronic devices. Cybercrime is estimated to cost around $35 billion per year in the United Kingdom alone. Cybercrime consulting firms employ lawyers, consultants, and ethical hackers who have handled crisis management, online financial theft, data loss, data privacy, and intellectual property infringement. Latham & Watkins, DLA Piper, and Skadden, Arps, Slate, Meagher & Flom are among the large law firms that practise data privacy and cybersecurity. As organisations and individuals become more concerned about cybercrime, global demand for cybercrime legal consulting services is expected to rise.

The Legal Services Global Market Report 2023 provides a legal services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The legal services market forecast analyzes legal services market size, legal services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Legal services include any service related to the conduct of any case or other legal proceeding before any court, different authority, or tribunal, as well as the provision of legal advice. Legal services are regarded as critical in providing access to justice by ensuring equality before the law, the right to counsel, and the right to a fair trial.

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