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Legal Services Market - By End User (Private Consumers, Legal Aid Consumers, SMEs, Large Businesses, Charities, Government), By Application (Personal Injury; Commercial, Residential Property; Corporate, Financial, Commercial Law; Family Law; Employment Law; Wills, Trusts, Probate; and Criminal Law), By Service (Notarial Activities, Representation, Advice, and Research), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Published Date: 09-Mar-2021 Category: Consumer Goods Report Format : PDF Pages: 110 Report Code: ZMR-4441 Status : Published

The global Legal Services market, which accrued revenue worth 795 (USD Billion) in 2018 and anticipated to garner earnings about 997(USD Billion) by 2025, is set to grow at a CAGR of nearly 4.2% during the period from 2019 to 2025.

Description

The global Legal Services market, which accrued revenue worth 795 (USD Billion) in 2018 and anticipated to garner earnings about 997(USD Billion) by 2025, is set to grow at a CAGR of nearly 4.2% during the period from 2019 to 2025. The report offers valuation and analysis of the Legal Services market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2015 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).

Legal Services Market: Overview

Legal services are provided to the clients by law firms and it includes services to both the big or small organizations and individuals. These law firms provide advice to the clients about their legal rights. They also represent clients in criminal cases as well as in civil law suits and business deals. They guide the clients in the matters that require legal support and expert advice. Many of the legal services offered by law firms are contract drafting, legal transcription, legal publishing services, litigation review, and intellectual property support solutions.

Legal Services Market: Growth Drivers

With new fiscal transaction modes resulting into financial law suits on firms & individuals are likely to steer the expansion of legal services industry in the ensuing years. Apart from this, legal service providers are involved in third party law suit financing activities and legal financing, thereby creating new growth avenues for legal services industry across the globe. Apparently, favorable government laws and liberalization of laws and less number of procedures to acquire license for carrying out legal services will pave a way for the growth of legal services industry in the forthcoming years. Outsourcing of legal services is gaining prominence to save the costs and this will boost the market trends. Rapid urbanization and globalizations is likely to play a key role in shaping the growth of the legal services market in the near future.

Furthermore, launching of new technologies and emergence of expert lawyers are anticipated to push the growth graph of legal services market in the upward direction. Nonetheless, humungous pressure on accepting alternate fee arrangement and transparency in methods of billing the legal services can impede the growth of legal services market in the years ahead. Apparently, a large difference witnessed in the legal methods of different countries can create obstacles in the expansion of the business in the forthcoming years.

European Legal Services Market To Attain Peak Level By 2025

The expansion of the legal services industry in European continent over 2019-2025 can be credited to large number of law professional providing legal services to clients in the countries such as Spain. Apart from this, large number of law firms in the countries such as the UK and Germany are outsourcing their legal services to countries such as India and Philippines to  avoid incurrence of huge costs on legal services and this will further drive the market growth in the continent over the coming decade.

Key players profiled in the study include Clifford Chance LLP, LexisNexis, Baker & McKenzie, KPMG, and E&Y.

The global legal services market is segmented as follows:

By End User:

  • Charities
  • Legal Aid Consumers
  • Private Consumers
  • SMEs
  • Large Businesses
  • Government

By Application:

  • Commercial and Residential Property
  • Wills, Trusts, and Probate
  • Corporate, Financial, and Commercial Law
  • Personal Injury
  • Family Law
  • Employment Law
  • Criminal Law
  • Other Applications

By Service:

  • Notarial Activities
  • Representation
  • Advice
  • Research

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Legal Services Market, 2015–2025 (USD Billion)
    • 2.2. Legal Services Market: Snapshot
  • Chapter 3. Global Legal Services Market– Industry Analysis
    • 3.1. Legal Services Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Onset of new technulogies and emergence of expert lawyers are anticipated to push the growth trajectory of legal services market in the upward direction.
      • 3.2.2. Rapid urbanization and globalizations is likely to play a key rule in shaping the growth of the legal services market in the near future.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Service
      • 3.4.2. Market attractiveness analysis By End User
      • 3.4.3. Market attractiveness analysis By Application
  • Chapter 4. Global Legal Services Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Legal Services Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Service launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Legal Services Market–Service Analysis
    • 5.1. Global Legal Services Market overview: By Service
      • 5.1.1. Global Legal Services Market share, By Service,2018 and 2025
    • 5.2. Notarial Activities
      • 5.2.1. Global Legal Services Market by Notarial Activities, 2015–2025 (USD Billion)
    • 5.3. Representation
      • 5.3.1. Global Legal Services Market by Representation , 2015–2025 (USD Billion)
    • 5.4. Advice
      • 5.4.1. Global Legal Services Market by Advice, 2015–2025 (USD Billion)
    • 5.5. Research
      • 5.5.1. Global Legal Services Market by Research, 2015–2025 (USD Billion)
  • Chapter 6. Global Legal Services Market– End User Analysis
    • 6.1. Global Legal Services Marketoverview: By End User
      • 6.1.1. Global Legal Services Marketshare, By End User , 2018 and 2025
    • 6.2. Charities
      • 6.2.1. Global Legal Services MarketBy Charities , 2015–2025 (USD Billion)
    • 6.3. Legal Aid Consumers
      • 6.3.1. Global Legal Services Market By Legal Aid Consumers, 2015–2025 (USD Billion)
    • 6.4. Private Consumers
      • 6.4.1. Global Legal Services Market By Private Consumers, 2015–2025 (USD Billion)
    • 6.5. SMEs
      • 6.5.1. Global Legal Services MarketBy SMEs, 2015–2025 (USD Billion)
    • 6.6. Large Businesses
      • 6.6.1. Global Legal Services Market By Large Businesses, 2015–2025 (USD Billion)
    • 6.7. Government
      • 6.7.1. Global Legal Services Market By Government, 2015–2025 (USD Billion)
  • Chapter 7. Global Legal Services Market– Application Analysis
    • 7.1. Global Legal Services Marketoverview: By Application
      • 7.1.1. Global Legal Services Marketshare, By Application , 2018 and 2025
    • 7.2. Commercial and Residential Property
      • 7.2.1. Global Legal Services MarketBy Commercial and Residential Property , 2015–2025 (USD Billion)
    • 7.3. Wills, Trusts, and Probate
      • 7.3.1. Global Legal Services MarketBy Wills, Trusts, and Probate, 2015–2025 (USD Billion)
    • 7.4. Corporate, Financial, and Commercial Law
      • 7.4.1. Global Legal Services MarketBy Corporate, Financial, and Commercial Law, 2015–2025 (USD Billion)
    • 7.5. Personal Injury
      • 7.5.1. Global Legal Services MarketBy Personal Injury , 2015–2025 (USD Billion)
    • 7.6. Family Law
      • 7.6.1. Global Legal Services MarketBy Family Law, 2015–2025 (USD Billion)
    • 7.7. Employment Law
      • 7.7.1. Global Legal Services MarketBy Employment Law, 2015–2025 (USD Billion)
    • 7.8. Criminal Law
      • 7.8.1. Global Legal Services MarketBy Criminal Law, 2015–2025 (USD Billion)
    • 7.9. Others
      • 7.9.1. Global Legal Services MarketBy Others, 2015–2025 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. Clifford Chance LLP
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Service Portfulio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Baker & McKenzie
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Service Portfulio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. KPMG
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Service Portfulio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. LexisNexis
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Service Portfulio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Development
    • 8.5. E&Y
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Service Portfulio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development

Methodology


Frequently Asked Questions

With new fiscal transaction modes resulting into financial law suits on firms & individuals are likely to steer the expansion of legal services industry in the ensuing years. Apart from this, legal service providers are involved in third party law suit financing activities and legal financing, thereby creating new growth avenues for legal services industry across the globe. Apparently, favorable government laws and liberalization of laws and less number of procedures to acquire license for carrying out legal services will pave a way for the growth of legal services industry in the forthcoming years. Outsourcing of legal services is gaining prominence to save the costs and this will boost the market trends. Rapid urbanization and globalizations is likely to play a key role in shaping the growth of the legal services market in the near future. Furthermore, launching of new technologies and emergence of expert lawyers are anticipated to push the growth graph of legal services market in the upward direction.

According to Zion market research report, the global Legal Services market, which accrued revenue worth 795 (USD Billion) in 2018 and anticipated to garner earnings about 997(USD Billion) by 2025, is set to grow at a CAGR of nearly 4.2% during the period from 2019 to 2025.

 

Europe is likely to make noteworthy contributions towards overall market revenue during 2019-2025. The growth of the market in the region over forecast timespan can be credited to large number of law professional providing legal services to clients in the countries such as Spain. Apart from this, large number of law firms in the countries such as the UK and Germany are outsourcing their legal services to countries such as India and Philippines to  avoid incurrence of huge costs on legal services and this will further drive the market growth in the continent over the coming decade.

The key players profiled in the report include Clifford Chance LLP, LexisNexis, Baker & McKenzie, KPMG, and E&Y.
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