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Legal Operations Software Market - Global Industry Analysis

Legal Operations Software Market by Deployment Mode (On-Premises and Cloud-Based), by Organization Size (Large Enterprises and SME), by Application (E-Billing, Matter/Case Management, Contract Management, Legal Project and Analytics Management, Knowledge Management, Legal Hold/e-Discovery, Document Management, Governance, Risk Management, and Compliance, Intellectual Property Management, and Others), and by End-User (Law Firms and Corporate): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027

Published Date: 04-Jul-2019 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-4314 Status : Published

Global legal operations software market expected to generate around USD 3,565 million by 2027, at a CAGR of around 14.2% between 2019 and 2027. Legal operations software is also referred to as the enterprise legal management software, which is used by in-house legal departments of organizations to handle their daily operations.

Description

The report covers a forecast and an analysis of the legal operations software market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2027 based on revenue (USD Million). The study includes the drivers and restraints of the legal operations software market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the legal operations software market on a global level.

In order to give the users of this report a comprehensive view of the legal operations software market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Legal Operations Software Market

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

The study provides a decisive view of the legal operations software market by segmenting it based on deployment mode, organization size, application, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some leading players operating in the global legal operations software market are Wolters Kluwer ELM Solutions, MITRATECH, Onit, SimpleLegal, doeLEGAL, THOMSON Reuters, BusyLamp, LexisNexis, Elevate, and Acuity Management Solutions.

This report segments the global legal operations software market into:

Global Legal Operations Software Market: Deployment Mode Analysis

  • On-Premises
  • Cloud-Based

Global Legal Operations Software Market: Organization Size Analysis

  • Large Enterprises
  • SME

Global Legal Operations Software Market: Application Analysis

  • E-Billing
  • Matter/Case Management
  • Contract Management
  • Legal Project and Analytics Management
  • Knowledge Management
  • Legal Hold/e-Discovery
  • Document Management
  • Governance, Risk Management, and Compliance
  • Intellectual Property Management
  • Others

Global Legal Operations Software Market: End-User Analysis

  • Law Firms
  • Corporate

Global Legal Operations Software Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global legal operations software market, 2015-2027 (USD Million)
    • 2.2. Global legal operations software market: Snapshot
  •  
  • Chapter 3. Legal Operations Software Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global legal operations software market drivers: impact analysis
      • 3.2.2. Adoption of technology in law firms
      • 3.2.3. Vendor's pricing strategies
    • 3.3. Market Restraints
      • 3.3.1. Global legal operations software market restraints: impact analysis
      • 3.3.2. Cybersecurity and privacy concerns
    • 3.4. Opportunities
      • 3.4.1. Novel machine learning algorithms underway
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by deployment mode
      • 3.6.2. Market attractiveness analysis, by organization size
      • 3.6.3. Market attractiveness analysis, by application
      • 3.6.4. Market attractiveness analysis, by End-User
      • 3.6.5. Market attractiveness analysis, by region
  •  
  • Chapter 4. Global Legal Operations Software Market - Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global legal operations software market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New therapy launch
      • 4.2.3. Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4. Research and development and regional expansion
    • 4.3. Price trend analysis
  •  
  • Chapter 5. Global Legal Operations Software Market - Deployment Mode Analysis
    • 5.1. Global legal operations software market: deployment mode overview
      • 5.1.1. Global legal operations software market revenue share, by deployment mode, 2018 and 2027
    • 5.2. On-Premises
      • 5.2.1. Global legal operations software market for on-Premises, 2015-2027 (USD Million)
    • 5.3. Cloud-Based
      • 5.3.1. Global legal operations software market for cloud-based, 2015-2027 (USD Million)
  •  
  • Chapter 6. Global Legal Operations Software Market - Organization Size Analysis
    • 6.1. Global legal operations software market: organization size overview
      • 6.1.1. Global legal operations software market revenue share, by organization size, 2018 and 2027
    • 6.2. Large Enterprises
      • 6.2.1. Global legal operations software market for large enterprises, 2015-2027 (USD Million)
    • 6.3. SME
      • 6.3.1. Global legal operations software market for SME, 2015-2027 (USD Million)
  •  
  • Chapter 7. Global Legal Operations Software Market - Application Analysis
    • 7.1. Global legal operations software market: application overview
      • 7.1.1. Global legal operations software market revenue share, by application, 2018 and 2027
    • 7.2. E-Billing
      • 7.2.1. Global legal operations software market for e-billing, 2015-2027 (USD Million)
    • 7.3. Matter/Case Management
      • 7.3.1. Global legal operations software market for matter/case management, 2015-2027 (USD Million)
    • 7.4. Contract Management
      • 7.4.1. Global legal operations software market for contract management, 2015-2027 (USD Million)
    • 7.5. Legal Project and Analytics Management
      • 7.5.1. Global legal operations software market for legal project and analytics management, 2015-2027 (USD Million)
    • 7.6. Knowledge Management
      • 7.6.1. Global legal operations software market for knowledge management, 2015-2027 (USD Million)
    • 7.7. Legal Hold/e-Discovery
      • 7.7.1. Global legal operations software market for legal hold/e-discovery, 2015-2027 (USD Million)
    • 7.8. Document Management
      • 7.8.1. Global legal operations software market for document management, 2015-2027 (USD Million)
    • 7.9. Governance, Risk Management, and Compliance
      • 7.9.1. Global legal operations software market for governance, risk management, and compliance, 2015-2027 (USD Million)
    • 7.10. Intellectual Property Management
      • 7.10.1. Global legal operations software market for intellectual property management, 2015-2027 (USD Million)
    • 7.11. Others
      • 7.11.1. Global legal operations software market for others, 2015-2027 (USD Million)
  •  
  • Chapter 8. Global Legal Operations Software Market - End-User Analysis
    • 8.1. Global legal operations software market: End-User overview
      • 8.1.1. Global legal operations software market revenue share, by End-User, 2018 and 2027
    • 8.2. Law Firms
      • 8.2.1. Global legal operations software market for law firms, 2015-2027 (USD Million)
    • 8.3. Corporate
      • 8.3.1. Global legal operations software market for corporate, 2015-2027 (USD Million)
  •  
  • Chapter 9. Global Legal Operations Software Market - Regional Analysis
    • 9.1. Global legal operations software market: regional overview
      • 9.1.1. Global legal operations software market revenue share, by region, 2018 and 2027
    • 9.2. North America
      • 9.2.1. North America legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
      • 9.2.2. North America legal operations software market revenue, by organization size, 2015-2027 (USD Million)
      • 9.2.3. North America legal operations software market revenue, by application, 2015-2027 (USD Million)
      • 9.2.4. North America legal operations software market revenue, by End-User, 2015-2027 (USD Million)
      • 9.2.5. The U.S.
        • 9.2.5.1. The U.S. legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
        • 9.2.5.2. The U.S. legal operations software market revenue, by organization size, 2015-2027 (USD Million)
        • 9.2.5.3. The U.S. legal operations software market revenue, by application, 2015-2027 (USD Million)
        • 9.2.5.4. The U.S. legal operations software market revenue, by End-User, 2015-2027 (USD Million)
      • 9.2.6. Canada
        • 9.2.6.1. Canada legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
        • 9.2.6.2. Canada legal operations software market revenue, by organization size, 2015-2027 (USD Million)
        • 9.2.6.3. Canada legal operations software market revenue, by application, 2015-2027 (USD Million)
        • 9.2.6.4. Canada legal operations software market revenue, by End-User, 2015-2027 (USD Million)
    • 9.3. Europe
      • 9.3.1. Europe legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
      • 9.3.2. Europe legal operations software market revenue, by organization size, 2015-2027 (USD Million)
      • 9.3.3. Europe legal operations software market revenue, by application, 2015-2027 (USD Million)
      • 9.3.4. Europe legal operations software market revenue, by End-User, 2015-2027 (USD Million)
      • 9.3.5. UK
        • 9.3.5.1. UK legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
        • 9.3.5.2. UK legal operations software market revenue, by organization size, 2015-2027 (USD Million)
        • 9.3.5.3. UK legal operations software market revenue, by application, 2015-2027 (USD Million)
        • 9.3.5.4. UK legal operations software market revenue, by End-User, 2015-2027 (USD Million)
      • 9.3.6. Germany
        • 9.3.6.1. Germany legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
        • 9.3.6.2. Germany legal operations software market revenue, by organization size, 2015-2027 (USD Million)
        • 9.3.6.3. Germany legal operations software market revenue, by application, 2015-2027 (USD Million)
        • 9.3.6.4. Germany legal operations software market revenue, by End-User, 2015-2027 (USD Million)
      • 9.3.7. France
        • 9.3.7.1. France legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
        • 9.3.7.2. France legal operations software market revenue, by organization size, 2015-2027 (USD Million)
        • 9.3.7.3. France legal operations software market revenue, by application, 2015-2027 (USD Million)
        • 9.3.7.4. France legal operations software market revenue, by End-User, 2015-2027 (USD Million)
      • 9.3.8. Rest of Europe
        • 9.3.8.1. Rest of Europe legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
        • 9.3.8.2. Rest of Europe legal operations software market revenue, by organization size, 2015-2027 (USD Million)
        • 9.3.8.3. Rest of Europe legal operations software market revenue, by application, 2015-2027 (USD Million)
        • 9.3.8.4. Rest of Europe legal operations software market revenue, by End-User, 2015-2027 (USD Million)
    • 9.4. Asia Pacific
      • 9.4.1. Asia Pacific legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
      • 9.4.2. Asia Pacific legal operations software market revenue, by organization size, 2015-2027 (USD Million)
      • 9.4.3. Asia Pacific legal operations software market revenue, by application, 2015-2027 (USD Million)
      • 9.4.4. Asia Pacific legal operations software market revenue, by End-User, 2015-2027 (USD Million)
      • 9.4.5. China
        • 9.4.5.1. China legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
        • 9.4.5.2. China legal operations software market revenue, by organization size, 2015-2027 (USD Million)
        • 9.4.5.3. China legal operations software market revenue, by application, 2015-2027 (USD Million)
        • 9.4.5.4. China legal operations software market revenue, by End-User, 2015-2027 (USD Million)
      • 9.4.6. Japan
        • 9.4.6.1. Japan legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
        • 9.4.6.2. Japan legal operations software market revenue, by organization size, 2015-2027 (USD Million)
        • 9.4.6.3. Japan legal operations software market revenue, by application, 2015-2027 (USD Million)
        • 9.4.6.4. Japan legal operations software market revenue, by End-User, 2015-2027 (USD Million)
      • 9.4.7. India
        • 9.4.7.1. India legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
        • 9.4.7.2. India legal operations software market revenue, by organization size, 2015-2027 (USD Million)
        • 9.4.7.3. India legal operations software market revenue, by application, 2015-2027 (USD Million)
        • 9.4.7.4. India legal operations software market revenue, by End-User, 2015-2027 (USD Million)
        • 9.4.7.5. Southeast Asia legal operations software market revenue, by End-User, 2015-2027 (USD Million)
      • 9.4.8. Rest of Asia Pacific
        • 9.4.8.1. Rest of Asia Pacific legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
        • 9.4.8.2. Rest of Asia Pacific legal operations software market revenue, by organization size, 2015-2027 (USD Million)
        • 9.4.8.3. Rest of Asia Pacific legal operations software market revenue, by application, 2015-2027 (USD Million)
        • 9.4.8.4. Rest of Asia Pacific legal operations software market revenue, by End-User, 2015-2027 (USD Million)
    • 9.5. Latin America
      • 9.5.1. Latin America legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
      • 9.5.2. Latin America legal operations software market revenue, by organization size, 2015-2027 (USD Million)
      • 9.5.3. Latin America legal operations software market revenue, by application, 2015-2027 (USD Million)
      • 9.5.4. Latin America legal operations software market revenue, by End-User, 2015-2027 (USD Million)
      • 9.5.5. Brazil
        • 9.5.5.1. Brazil legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
        • 9.5.5.2. Brazil legal operations software market revenue, by organization size, 2015-2027 (USD Million)
        • 9.5.5.3. Brazil legal operations software market revenue, by application, 2015-2027 (USD Million)
        • 9.5.5.4. Brazil legal operations software market revenue, by End-User, 2015-2027 (USD Million)
      • 9.5.6. Rest of Latin America
        • 9.5.6.1. Rest of Latin America legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
        • 9.5.6.2. Rest of Latin America legal operations software market revenue, by organization size, 2015-2027 (USD Million)
        • 9.5.6.3. Rest of Latin America legal operations software market revenue, by application, 2015-2027 (USD Million)
        • 9.5.6.4. Rest of Latin America legal operations software market revenue, by End-User, 2015-2027 (USD Million)
    • 9.6. The Middle East and Africa
      • 9.6.1. The Middle East and Africa legal operations software market revenue, by deployment mode, 2015-2027 (USD Million)
      • 9.6.2. The Middle East and Africa legal operations software market revenue, by organization size, 2015-2027 (USD Million)
      • 9.6.3. The Middle East and Africa legal operations software market revenue, by application, 2015-2027 (USD Million)
      • 9.6.4. The Middle East and Africa legal operations software market revenue, by End-User, 2015-2027 (USD Million)
  •  
  • Chapter 10. Company Profiles
    • 10.1. Wolters Kluwer ELM Solutions
      • 10.1.1. Overview
      • 10.1.2. Financials
      • 10.1.3. Product portfolio
      • 10.1.4. Business strategy
      • 10.1.5. Recent developments
    • 10.2. MITRATECH
      • 10.2.1. Overview
      • 10.2.2. Financials
      • 10.2.3. Product portfolio
      • 10.2.4. Business strategy
      • 10.2.5. Recent developments
    • 10.3. Onit
      • 10.3.1. Overview
      • 10.3.2. Financials
      • 10.3.3. Product portfolio
      • 10.3.4. Business strategy
      • 10.3.5. Recent developments
    • 10.4. SimpleLegal
      • 10.4.1. Overview
      • 10.4.2. Financials
      • 10.4.3. Product portfolio
      • 10.4.4. Business strategy
      • 10.4.5. Recent developments
    • 10.5. doeLEGAL
      • 10.5.1. Overview
      • 10.5.2. Financials
      • 10.5.3. Product portfolio
      • 10.5.4. Business strategy
      • 10.5.5. Recent developments
    • 10.6. THOMSON Reuters
      • 10.6.1. Overview
      • 10.6.2. Financials
      • 10.6.3. Product portfolio
      • 10.6.4. Business strategy
      • 10.6.5. Recent developments
    • 10.7. BusyLamp
      • 10.7.1. Overview
      • 10.7.2. Financials
      • 10.7.3. Product portfolio
      • 10.7.4. Business strategy
      • 10.7.5. Recent developments
    • 10.8. LexisNexis
      • 10.8.1. Overview
      • 10.8.2. Financials
      • 10.8.3. Product portfolio
      • 10.8.4. Business strategy
      • 10.8.5. Recent developments
    • 10.9. Elevate
      • 10.9.1. Overview
      • 10.9.2. Financials
      • 10.9.3. Product portfolio
      • 10.9.4. Business strategy
      • 10.9.5. Recent developments
    • 10.10. Acuity Management Solutions
      • 10.10.1. Overview
      • 10.10.2. Financials
      • 10.10.3. Product portfolio
      • 10.10.4. Business strategy
      • 10.10.5. Recent developments

Methodology

Free Analysis

Legal operations software is also referred to as the enterprise legal management software, which is used by in-house legal departments of organizations to handle their daily operations. Legal professionals use these tools to manage legal spending, generate reports with analytics related to legal activity, and maintain an electronic database of legal records. Legal operations software often includes knowledge management, contract management, matter management spend management, e-billing, etc. Corporate legal departments or large enterprises use legal operations solutions to enable a complete view of all their activities. The key function of legal operations software is to automate processes and create a centralized hub for all the relevant operational information. The legal operational software can also be used as standalone software, as these often provide end-to-end functionality to the legal departments.

Information technology has become an essential part of almost all offices and organizations. IT has also gained importance in corporate and law firms in the form of legal operations software. One can directly display the principal schedule and select people that are required to work together. The most productive and beneficial part of legal operations management software is its ability to build relationships between matters, contacts, and events. Most of the cloud-based legal operations software systems offer the clients direct portals to save their documents, check progress, and send and receive messages. Legal operation software also streamlines the problem like timekeeping and improves track records along with allowing firms to utilize time to turn that time into money through an effective billing process. These software benefits are likely to boost the legal operations software market in the future. However, the high cost of implementation and a huge number of errors may hamper the market growth. Alternatively, the integration of new technologies like AI (artificial intelligence) with legal operations software is likely to create new growth opportunities in the legal operations software market in the years to come.

Global Legal Operations Software Market

Based on deployment mode, the market for legal operations software includes on-premises and cloud-based. On the basis of organization size, the legal operations software market is fragmented into large enterprises and SME. The application segment comprises e-billing, matter/case management, contract management, legal project and analytics management, knowledge management, legal hold/e-discovery, document management, governance, risk management, and compliance, intellectual property management, and others. By end-user, the legal operations software market includes law firms and corporate.

North America dominated the legal operations software market globally in 2018, due to excellent and supportive healthcare coverage and advancements in technology. The U.S. leads the North American market for legal operations software, owing to the presence of a large number of professionals who offer legal services at economical rates. Additionally, vendors in the legal operations software market are also focused on providing value-based pricing models depending on customer's needs and value perception across this region. The Asia Pacific legal operations software market is likely to register the highest CAGR in the future. China, Philippines, and India have emerged as preferred destinations for law services outsourcing due to the availability of proficient and cost-efficient lawyers in these countries.

Some leading players operating in the global legal operations software market are Wolters Kluwer ELM Solutions, MITRATECH, Onit, SimpleLegal, doeLEGAL, THOMSON Reuters, BusyLamp, LexisNexis, Elevate, and Acuity Management Solutions.

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