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Legal Services Global Market Report 2020-30: Covid 19 Impact and Recovery

Region:Global

Product Code:8104

Download Sample Report
Published On

April 2020

Total pages

400

About the Report

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 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 team is responsible for the delivery of services to the client.
 
The global legal services market is expected to decline from USD 734.1 billion in 2019 to USD 728.5 billion in 2020 at a compound annual growth rate (CAGR) of -0.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach USD 845.7 billion in 2023.
 
North America was the largest region in the global legal services market, accounting for 56% of the market in 2019. Western Europe was the second largest region accounting for 24% of the global legal services market. Africa was the smallest region in the global legal services market.
 
Market-trend-based strategies for the legal services market include broadening services with information technology solutions, investing in data security systems to safeguard sensitive client data, outsourcing non-critical functions to offshore centers to reduce operational costs and increase profit margins, and offering diversified services to their clients to sustain the competition from accounting firms. Player-adopted strategies in the legal services industry include expanding services to new geographies through partnerships and collaborations and enhancing services by increasing partners head count.

Scope of the Report

Products

1) By Type: B2B Legal Services; B2C Legal Services; Hybrid Legal Services; Criminal Law Practices 2) By Size: Large Law Firms; SME Law Firms 3) By End-Users: Individuals; Financial Services; Mining And Oil & Gas; Manufacturing; Construction; IT Services; Others 4) By Type Of Practice: Litigation; Corporate; Labor/Employment; Real Estate; Patent Litigation; Tax; Bankruptcy; Others (Regulatory, M&A, Antitrust, Environmental) 5) By Mode: Online; Offline

Companies

Latham & Watkins; Kirkland & Ellis LLP; Baker & McKenzie; Skadden, Arps, Slate, Meagher & Flom; DLA Piper

Table of Contents

1. Executive Summary

2. Report Structure

3. Legal Services Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Legal Services Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Legal Services Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Legal Services Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Legal Services Market Trends And Strategies

8. Legal Services Market Size And Growth

8.1. Market Size

8.2. Historic Market Growth, Value (USD Billion)

8.2.1. Drivers Of The Market

8.2.2. Restraints On The Market

8.3. Forecast Market Growth, Value (USD Billion)

8.3.1. Drivers Of The Market

8.3.2. Restraints On The Market

9. Legal Services Market Regional Analysis

9.1. Global Legal Services Market, 2019, By Region, Value (USD Billion)

9.2. Global Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Region

9.3. Global Legal Services Market, Growth And Market Share Comparison, By Region

10. Legal Services Market Segmentation

10.1. Global Legal Services Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

B2B Legal Services

B2C Legal Services

Hybrid Legal Services

Criminal Law Practices

10.2. Global Legal Services Market, Segmentation By Size, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Large Law Firms

SME Law Firms

10.3. Global Legal Services Market, Segmentation By End-Users, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Individuals

Financial Services

Mining And Oil & Gas

Manufacturing

Construction

IT Services

Others

10.4. Global Legal Services Market, Segmentation By Type Of Practice, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Litigation

Corporate

Labor/Employment

Real Estate

Patent Litigation

Tax

Bankruptcy

Others (Regulatory, M&A, Antitrust, Environmental)

10.5. Global Legal Services Market, Segmentation By Mode, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Online

Offline

11. Legal Services Market Segments

11.1. Global B2B Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)-

11.2. Global B2C Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)-

11.3. Global Hybrid Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)-

11.4. Global Criminal Law Practices Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)-

12. Legal Services Market Metrics

12.1. Legal Services Market Size, Percentage Of GDP, 2015-2023, Global

12.2. Per Capita Average Legal Services Market Expenditure, 2015-2023, Global

13. Asia-Pacific Legal Services Market

13.1. Asia-Pacific Legal Services Market Overview

13.2. Asia-Pacific, Legal Services Market, 2019, By Country, Value (USD Billion)

13.3. Asia-Pacific, Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country

13.4. Asia-Pacific, Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country

13.5. Asia-Pacific, Legal Services Market Metrics

13.5.1. Per Capita Average Legal Services Expenditure, 2015-2023, Asia-Pacific Countries

13.5.2. Number of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2019, Asia-Pacific Countries

13.5.3. Number of Employees, Legal Services Market, Legal Services Market/Number of Employees, 2019, Asia-Pacific Countries

13.6. Asia-Pacific Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

13.7. Asia-Pacific Legal Services Market: Country Analysis

13.7.1. China Legal Services Market

13.7.1.1. China Legal Services Market Overview

13.7.1.2. China Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

13.7.2. Australia Legal Services Market

13.7.2.1. Australia Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

13.7.3. Hong Kong Legal Services Market

13.7.3.1. Hong Kong Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

13.7.4. India Legal Services Market

13.7.4.1. India Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

13.7.5. Indonesia Legal Services Market

13.7.5.1. Indonesia Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

13.7.6. Japan Legal Services Market

13.7.6.1. Japan Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

13.7.7. Malaysia Legal Services Market

13.7.7.1. Malaysia Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

13.7.8. New Zealand Legal Services Market

13.7.8.1. New Zealand Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

13.7.9. Philippines Legal Services Market

13.7.9.1. Philippines Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

13.7.10. Singapore Legal Services Market

13.7.10.1. Singapore Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

13.7.11. South Korea Legal Services Market

13.7.11.1. South Korea Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

13.7.12. Thailand Legal Services Market

13.7.12.1. Thailand Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

13.7.13. Vietnam Legal Services Market

13.7.13.1. Vietnam Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14. Western Europe Legal Services Market

14.1. Western Europe Legal Services Market Overview

14.2. Western Europe, Legal Services Market, 2019, By Country, Value (USD Billion)

14.3. Western Europe, Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country

14.4. Western Europe, Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country

14.5. Western Europe, Legal Services Market Metrics

14.5.1. Per Capita Average Legal Services Expenditure, 2015-2023, Western Europe Countries

14.5.2. Number of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2019, Western Europe Countries

14.5.3. Number of Employees, Legal Services Market, Legal Services Market/Number of Employees, 2019, Western Europe Countries

14.6. Western Europe Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7. Western Europe Legal Services Market: Country Analysis

14.7.1. Austria Legal Services Market

14.7.1.1. Austria Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7.2. Belgium Legal Services Market

14.7.2.1. Belgium Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7.3. Denmark Legal Services Market

14.7.3.1. Denmark Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7.4. Finland Legal Services Market

14.7.4.1. Finland Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7.5. France Legal Services Market

14.7.5.1. France Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7.6. Germany Legal Services Market

14.7.6.1. Germany Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7.7. Ireland Legal Services Market

14.7.7.1. Ireland Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7.8. Italy Legal Services Market

14.7.8.1. Italy Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7.9. Netherlands Legal Services Market

14.7.9.1. Netherlands Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7.10. Norway Legal Services Market

14.7.10.1. Norway Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7.11. Portugal Legal Services Market

14.7.11.1. Portugal Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7.12. Spain Legal Services Market

14.7.12.1. Spain Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7.13. Sweden Legal Services Market

14.7.13.1. Sweden Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7.14. Switzerland Legal Services Market

14.7.14.1. Switzerland Legal Services MarketSegmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

14.7.15. UK Legal Services Market

14.7.15.1. UK Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

15. Eastern Europe Legal Services Market

15.1. Eastern Europe Legal Services Market Overview

15.2. Eastern Europe, Legal Services Market, 2019, By Country, Value (USD Billion)

15.3. Eastern Europe, Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country

15.4. Eastern Europe, Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country

15.5. Eastern Europe, Legal Services Market Metrics

15.5.1. Per Capita Average Legal Services Expenditure, 2015-2023, Eastern Europe Countries

15.5.2. Number of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2019, Eastern Europe Countries

15.5.3. Number of Employees, Legal Services Market, Legal Services Market/Number of Employees, 2019, Eastern Europe Countries

15.6. Eastern Europe Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

15.7. Eastern Europe Legal Services Market: Country Analysis

15.7.1. Czech Republic Legal Services Market,

15.7.1.1. Czech Republic Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

15.7.2. Poland Legal Services Market

15.7.2.1. Poland Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

15.7.3. Romania Legal Services Market

15.7.3.1. Romania Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

15.7.4. Russia Legal Services Market

15.7.4.1. Russia Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

16. North America Legal Services Market

16.1. North America Legal Services Market Overview

16.2. North America, Legal Services Market, 2019, By Country, Value (USD Billion)

16.3. North America, Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country

16.4. North America, Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country

16.5. North America, Legal Services Market Metrics

16.5.1. Per Capita Average Legal Services Expenditure, 2015-2023, North America Countries

16.5.2. Number of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2019, North America Countries

16.5.3. Number of Employees, Legal Services Market, Legal Services Market/Number of Employees, 2019, North America Countries

16.6. North America Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

16.7. North America Legal Services Market: Country Analysis

16.7.1. Canada Legal Services Market

16.7.1.1. Canada Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

16.7.2. Mexico Legal Services Market

16.7.2.1. Mexico Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

16.7.3. USA Legal Services Market

16.7.3.1. USA Legal Services Market Overview

16.7.3.2. USA Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

17. South America Legal Services Market

17.1. South America Legal Services Market Overview

17.2. South America, Legal Services Market, 2019, By Country, Value (USD Billion)

17.3. South America, Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country

17.4. South America, Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country

17.5. South America, Legal Services Market Metrics

17.5.1. Per Capita Average Legal Services Expenditure, 2015-2023, South America Countries

17.5.2. Number of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2019, South America Countries

17.5.3. Number of Employees, Legal Services Market, Legal Services Market/Number of Employees, 2019, South America Countries

17.6. South America Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

17.7. South America Legal Services Market: Country Analysis

17.7.1. Argentina Legal Services Market

17.7.1.1. Argentina Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

17.7.2. Brazil Legal Services Market

17.7.2.1. Brazil Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

17.7.3. Chile Legal Services Market

17.7.3.1. Chile Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

17.7.4. Colombia Legal Services Market

17.7.4.1. Colombia Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

17.7.5. Peru Legal Services Market

17.7.5.1. Peru Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

17.7.6. Venezuela Legal Services Market

17.7.6.1. Venezuela Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

18. Middle East Legal Services Market

18.1. Middle East Legal Services Market Overview

18.2. Middle East, Legal Services Market, 2019, By Country, Value (USD Billion)

18.3. Middle East, Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country

18.4. Middle East, Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country

18.5. Middle East, Legal Services Market Metrics

18.5.1. Per Capita Average Legal Services Expenditure, 2015-2023, Middle East Countries

18.5.2. Number of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2019, Middle East Countries

18.5.3. Number of Employees, Legal Services Market, Legal Services Market/Number of Employees, 2019, Middle East Countries

18.6. Middle East Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

18.7. Middle East Legal Services Market: Country Analysis

18.7.1. Saudi Arabia Legal Services Market

18.7.1.1. Saudi Arabia Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

18.7.2. Israel Legal Services Market

18.7.2.1. Israel Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

18.7.3. Turkey Legal Services Market

18.7.3.1. Turkey Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

18.7.4. UAE Legal Services Market

18.7.4.1. UAE Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

19. Africa Legal Services Market

19.1. Africa Legal Services Market Overview

19.2. Africa, Legal Services Market, 2019, By Country, Value (USD Billion)

19.3. Africa, Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country

19.4. Africa, Legal Services Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country

19.5. Africa, Legal Services Market Metrics

19.5.1. Per Capita Average Legal Services Expenditure, 2015-2023, Africa Countries

19.5.2. Number of Enterprises, Legal Services Market, Legal Services Market/Number of Enterprises, 2019, Africa Countries

19.5.3. Number of Employees, Legal Services Market, Legal Services Market/Number of Employees, 2019, Africa Countries

19.6. Africa Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

19.7. Africa Legal Services Market: Country Analysis

19.7.1. Egypt Legal Services Market

19.7.1.1. Egypt Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

19.7.2. Nigeria Legal Services Market

19.7.2.1. Nigeria Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

19.7.3. South Africa Legal Services Market

19.7.3.1. South Africa Legal Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value (USD Billion)

20. Legal Services Market Competitive Landscape

20.1. Competitive Market Overview

20.2. Market Shares

20.3. Company Profiles

20.3.1. Latham & Watkins

20.3.1.1. Company Overview

20.3.1.2. Products And Services

20.3.1.3. Strategy

20.3.1.4. Financial Performance

20.3.2. Kirkland & Ellis LLP

20.3.2.1. Company Overview

20.3.2.2. Products And Services

20.3.2.3. Strategy

20.3.2.4. Financial Performance

20.3.3. Baker & McKenzie

20.3.3.1. Company Overview

20.3.3.2. Products And Services

20.3.3.3. Strategy

20.3.3.4. Financial Performance

20.3.4. Skadden, Arps, Slate, Meagher & Flom

20.3.4.1. Company Overview

20.3.4.2. Products And Services

20.3.4.3. Strategy

20.3.4.4. Financial Performance

20.3.5. DLA Piper

20.3.5.1. Company Overview

20.3.5.2. Products And Services

20.3.5.3. Strategy

20.3.5.4. Financial Performance

21. Key Mergers And Acquisitions In The Legal Services Market

22. Market Background: Professional Services Market

22.1. Professional Services Market Characteristics

22.2. Professional Services Market Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Growth, By Segment, Value (USD Billion), Global

22.3. Global Professional Services Market, 2019, By Region, Value (USD Billion)

22.4. Global Professional Services Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Region

22.5. Global Professional Services Market, 2015-2019, 2023F, 2025F, 2030F, Segmentation By Type, Value (USD Billion)

23. Recommendations

23.1. Global Legal Services Market In 2023- Growth Countries

23.2. Global Legal Services Market In 2023- Growth Segments

23.3. Global Legal Services Market In 2023- Growth Strategies

24. Appendix

24.1. NAICS Definitions Of Industry Covered In This Report

24.2. Abbreviations

24.3. Currencies

24.4. Research Inquiries

24.5. The Business Research Company

25. Copyright And Disclaimer

 

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