Legal Services Market Size, Share & Trends Report

Legal Services Market Size, Share & Trends Analysis Report By Services (Taxation, Real Estate, Litigation, Bankruptcy, Labor/Employment, Corporate), By Firm Size (Large, Medium, Small), By Provider, And Segment Forecasts, 2023 - 2030

Report ID: GVR-3-68038-818-3
Number of Pages: 119
Format: Electronic (PDF)

Historical Range: 2018 - 2021
Industry: Technology

Market Segmentation

Legal Service Outlook (Revenue, USD Billion, 2018 - 2030)
- Taxation
- Real Estate
- Litigation
- Bankruptcy
- Labor/Employment
- Corporate
Legal Services Firm Size Outlook (Revenue, USD Billion, 2018 - 2030)
- Large firms
- Medium firms
- Small firms
Legal Services Provider Outlook (Revenue, USD Billion, 2018 - 2030)
- Private Practicing Attorneys
- Legal Business Firms
- Government Departments
- Others
Legal Services Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
  - North America Legal Services Market, by Services
    - Taxation
    - Real Estate
    - Litigation
    - Bankruptcy
    - Labor/Employment
    - Corporate
  - North America Legal Services Market, by Firm Size
    - Large firms
    - Medium firms
    - Small firms
  - North America Legal Services Market, by Provider
    - Private Practicing Attorneys
    - Legal Business Firms
    - Government Departments
    - Others
  - U.S.
    - U.S. Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - U.S. Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - U.S. Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others
  - Canada
    - Canada Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - Canada Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - Canada Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others
- Europe
  - Europe Legal Services Market, by Services
    - Taxation
    - Real Estate
    - Litigation
    - Bankruptcy
    - Labor/Employment
    - Corporate
  - Europe Legal Services Market, by Firm Size
    - Large firms
    - Medium firms
    - Small firms
  - Europe Legal Services Market, by Provider
    - Private Practicing Attorneys
    - Legal Business Firms
    - Government Departments
    - Others
  - UK
    - UK Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - UK Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - UK Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others
  - Germany
    - Germany Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - Germany Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - Germany Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others
  - France
    - France Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - France Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - France Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others
  - Italy
    - Italy Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - Italy Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - Italy Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others
  - Spain
    - Spain Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - Spain Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - Spain Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others
- Asia Pacific
  - Asia Pacific Legal Services Market, by Services
    - Taxation
    - Real Estate
    - Litigation
    - Bankruptcy
    - Labor/Employment
    - Corporate
  - Asia Pacific Legal Services Market, by Firm Size
    - Large firms
    - Medium firms
    - Small firms
  - Asia Pacific Legal Services Market, by Provider
    - Private Practicing Attorneys
    - Legal Business Firms
    - Government Departments
    - Others
  - China
    - China Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - China Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - China Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others
  - Japan
    - Japan Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - Japan Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - Japan Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others
  - India
    - India Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - India Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - India Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others
  - South Korea
    - South Korea Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - South Korea Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - South Korea Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others
- Latin America
  - Latin America Legal Services Market, by Services
    - Taxation
    - Real Estate
    - Litigation
    - Bankruptcy
    - Labor/Employment
    - Corporate
  - Latin America Legal Services Market, by Firm Size
    - Large firms
    - Medium firms
    - Small firms
  - Latin America Legal Services Market, by Provider
    - Private Practicing Attorneys
    - Legal Business Firms
    - Government Departments
    - Others
  - Brazil
    - Brazil Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - Brazil Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - Brazil Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others
  - Argentina
    - Argentina Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - Argentina Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - Argentina Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others
  - Chile
    - Chile Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - Chile Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - Chile Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others
- Middle East and Africa
  - Middle East and Africa Legal Services Market, by Services
    - Taxation
    - Real Estate
    - Litigation
    - Bankruptcy
    - Labor/Employment
    - Corporate
  - Middle East and Africa Legal Services Market, by Firm Size
    - Large firms
    - Medium firms
    - Small firms
  - Middle East and Africa Legal Services Market, by Provider
    - Private Practicing Attorneys
    - Legal Business Firms
    - Government Departments
    - Others
  - South Africa
    - South Africa Legal Services Market, by Services
      - Taxation
      - Real Estate
      - Litigation
      - Bankruptcy
      - Labor/Employment
      - Corporate
    - South Africa Legal Services Market, by Firm Size
      - Large firms
      - Medium firms
      - Small firms
    - South Africa Legal Services Market, by Provider
      - Private Practicing Attorneys
      - Legal Business Firms
      - Government Departments
      - Others

Legal Services Market Dynamics

Driver: Technological disruptions in the legal industry

Technological innovations and advancements in the legal industry are expected to offer new growth opportunities in the sector, enabling law firms to maintain a transparent relationship with the clients. AI and big data have already made inroads in law firms, but there is still a vast opportunity for data-based technologies with profound legal implications. For instance, cloud computing provides critical advantages where the law firms witness cloud as the scalable and efficient way to deploy advanced legal technology tools without the need for a substantial upfront capital investment in software, hardware, or support services. Moreover, the American Bar Association revealed that 38% of the lawyers in the U.S. use cloud computing for law-related tasks.

Driver: Growth of alternative legal service providers (ALPs)

Alternative legal providers are niche companies that play a more significant role in providing high-demand legal services such as: litigation support, IP management, contact lawyers and staffing, document review, discovery and e-discovery, investigation support and legal research, and contract management. Businesses turn to the ALSPs for continuous legal services; moreover, the law firms are even outsourcing certain jobs to ALSPs. This new trend offers some hope for the paralegals an opportunity to own or run their independent businesses. Initially, ALSPs were seen as a suitable outsourcing choice as they offered a reasonable option for law firms and business looking to get specific tasks completed that doesn’t need the help of an attorney. Therefore, traditional law firms have realized the importance of ALSPs. Moreover, the law firms have realized that subcontracting services to ALSPs can allow them to save money while offering better services to their clients and also focus more on their core competencies.

Restraint: Regulatory challenges in the legal industry

Law firms offer services to clients dealing with matters of taxation, real estate, litigation, bankruptcy, employment, and corporate. This business creates a lot of data, which concerns the client, firm, and third-party employees. The data is highly sensitive due to legal confidentiality and privilege among law firms and their clientele. Therefore, compliance is of high priority and demands cooperation from every employee across all business parts of a law firm. Nonetheless, meeting these compliance inevitabilities for the enormous amount of data that businesses hold is very demanding and expensive. New regulations are expected to follow as law firms continue to produce more data. It is difficult to manage this sensitive data as it may be held in multiple locations, such as on-premise, the cloud, or other office locations. Hence, there are an extensive set of regulations imposed by authorities and the government on the legal services industry. For instance, the Solicitors Regulation Authority (SRA) of England and Wales sets the principles, a code of conduct, and regulates the solicitors and law firms.

What Does This Report Include?

This section will provide insights into the contents included in this legal services market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Legal services market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Legal services market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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