GVR Report cover Legal Technology Market Size, Share & Trends Report

Legal Technology Market Size, Share & Trends Analysis Report By Solution, By Type (E-discovery, Legal Research, Practice Management, Analytics, Compliance, Document Management), By End-user, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68040-086-4
  • Number of Pages: 171
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Technology

Legal Technology Market Size & Trends

The global legal technology market size was valued at USD 23.45 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.1% from 2023 to 2030. The rising investment in technologies to automate and optimize legal procedures to improve the productivity and profitability of law firms and streamline operations is projected to fuel market growth over the forecasted period. The legal technology industry is witnessing significant developments in artificial intelligence (AI) and blockchain technologies. Key stakeholders in the global market, including judiciaries, law societies, private law firms, corporate legal departments (public and private sectors), legal aid service providers, developers of legal products, and overall legal systems, are heavily investing in advanced legal technologies to offer effective legal services to their clients. An emerging trend of smart contracts and blockchain technology has enabled law firms and legal departments to record data securely.

U.S. legal technology market size and growth rate, 2023 - 2030

The adoption of cloud-based platforms is accelerating the global legal technology industry. There was a slower implementation of cloud-based technologies among legal firms and corporate legal departments; however, recent COVID-19 pandemic and following shift towards hybrid work created a rapid demand to prioritize digital technologies and enable cloud access.

For instance, in December 2021, NetDocuments Software, Inc., a cloud-based content products and services platform, collaborated with Executive Office for United States Attorneys. The company provided various solutions, including email and document management, to more than 5,000 agency users.

Market Dynamics


Cloud adoption is an accelerating trend across legal services, driving the development of the global legal technology industry. The sector has been a slower adopter of cloud-based technologies; however, the recent COVID-19 pandemic and the following shift towards hybrid work created an abrupt need for law firms and legal departments to prioritize cloud access.

Several legal businesses already use or plan to use cloud-based legal technology solutions. For instance, the 2019 American Bar Association survey shows 58% of legal firms utilized cloud technology, a slight increase from 55% in 2018. As per the association, the delivery of cloud-based services is seen as a vital component for expanding the overall legal technology industry. Also, the availability of legal technology-specific cloud services contributes to market growth. For instance, the prominent legal-specific cloud services include Clio, Rocket Matter, Practice Panther, NetDocuments, MyCase, and others.


Businesses increasingly expect their legal teams to deliver strategic and more responsive legal services. In addition, new client expectations and productivity demands have also pressured legal professionals, departments, and firms to move towards legal technology solutions to ensure streamlined workflows. These solutions further simplify contract management and provide more innovative collaboration tools that help in reduced risk and time associated with manual tasks and processes.

Simplified contract management, streamlined legal workflows, and smarter collaboration tools offered by legal technology enable the legal department to reduce the risk and time associated with the legal process. Additionally, legal technology enables attorneys to access data more effectively, manage calendars & appointments, automate contracts and other documents, schedule tasks and deadlines, and facilitate information sharing among colleagues. For instance, according to Lawtech 365, attorneys or legal firms can save about 40% of their time by using legal technology solutions to automate repetitive tasks in the legal profession. Moreover, corporate businesses across the globe are harnessing the power of legal technology to increase efficiency and streamline their workflows.

Solution Insights

Services segment is expected to witness the highest CAGR of over 10.5% over the forecast period. The segment is divided into consulting services, support services, and others. The demand for consulting services is rising owing to their ability to guide the implementation of new technologies by assessing current solutions and workflows.

The support services offer technical assistance during updates and maintenance of platforms and solutions. Furthermore, increasing demand for training services to ensure staff education after implementing technology is projected to provide significant growth opportunities for the segment.

Software segment accounted for the highest market share of about 75% in 2022 and is expected to maintain its dominance throughout the forecast period. Segment’s growth is attributed to the increasing adoption of legal software from legal departments and law firms to reduce costs, streamline workflows, and improve efficiency.

Software segment is further divided into cloud-based and on-premises software. Incorporating the latest technologies, such as machine learning, artificial intelligence, and blockchain technology, is projected to offer lucrative growth opportunities. For instance, in April 2023, Filevine Inc. launched Demands.ai, which enables a simplified and faster way to assemble demand letters by using the vine platform and artificial intelligence.

Type Insights

Analytics segment is anticipated to witness a CAGR growth of over 11% from 2023 to 2030. Rising demand for incorporating data analytics and artificial intelligence to help lawyers and legal professionals make better decisions and streamline their workflow. Analytics software can help lawyers and legal professionals better manage and analyze significant data.

This can include everything from case documents and contracts to financial records and client data. By using analytics tools, legal professionals can quickly identify patterns and trends in this data, which can help them to make more informed decisions. For instance, in March 2023, Icertis, Inc. and KPMG LLP collaborated to deliver Icertis Contract Intelligence through the contracting practices of KPMG to help customers to reduce costs, increase revenue, ensure compliance, and manage risks.

Contract lifecycle management accounted for the highest market share of over 25% in 2022. Contract lifecycle management software involves management of contracts from the initial drafting stage through execution, ongoing management, and eventual expiration or renewal. Growth of contract lifecycle management software in the legal technology market is attributed to the increasing need for businesses to manage contracts more efficiently and effectively. Growing complexity and rising number of contracts that businesses need to manage and rising need for greater compliance and risk management are compelling businesses of all sizes to adopt contract lifecycle management software.

End-user Insights

Based on end-user, law firms dominated the legal technology market in 2022, whereas the ‘other’ segment, which includes individuals/lawyers and government agencies, is anticipated to grow at the highest CAGR during 2023-2030. Rising adoption of legal technology in legal firms is attributed to the benefits of collaborating with colleagues and clients more efficiently and accessing documents or data from anywhere.

Global legal technology market share and size, 2022

Individuals/lawyers use legal software to research, review contracts, draft documents, and manage cases. Government agencies use legal technology solutions to manage legal operations, compliance obligations, legal contracts, and e-billing software to track invoices, manage payments, and streamline operations

Legal technology solutions allow law firms to perform tasks like due diligence and document review by accessing large amounts of data accurately and quickly. Furthermore, features such as electronic billing are resulting in rising adoption as it allows lawyers to time-track and helps to manage invoices, saving time and reducing errors.

Regional Insights

Asia Pacific region in legal technology market is projected to grow significantly in the coming years. The growth is attributed to the rising adoption of machine learning and artificial intelligence technologies in the legal industry. Companies in this region are increasingly adopting the latest technologies to perform legal research, document management, contract analysis and review, and much more.

Legal Technology Market Trends, by Region, 2023 - 2030

For instance, in January 2023, Themis Solutions Inc. (Clio) expanded its operation to Australia to expand and support partnerships, sales, and product development in the Australian legal market. Furthermore, the growing incorporation of blockchain technology is positively influencing market growth as it enables law professionals to perform tasks, including dispute resolution and contract management, and provides an immutable and secure transaction record.

North America accounted for the highest market share of around 49% in 2022. The region is projected to witness substantial growth owing to increasing automation by using machine learning and artificial intelligence coupled with increasing adoption of cloud-based solutions as they offer scalability, cost-effectiveness, and flexibility, offering various market growth opportunities. Furthermore, incorporating blockchain technology to offer transparency and more secure legal transactions is projected to fuel the growth of legal technology in North America.

Key Companies & Market Share Insights

These players are adopting various strategic initiatives, such as product launches, collaboration, and partnerships, to sustain their position in the market. Additionally, they are integrating various software to enhance their solutions and are taking significant steps to launch their products in new markets. For instance, in January 2023, LexisNexis Legal & Professional Company launched Law360 Canada, the legal news hub. The solution offers the latest trends, changes, and news that impact law and business practice. Some prominent players in the global legal technology market include:

  • Icertis, Inc.

  • Filevine Inc.

  • DocuSign, Inc.

  • Casetext Inc.

  • ProfitSolv, LLC

  • Knovos, LLC

  • Mystacks, Inc.

  • Practice Insight Pty Ltd (WiseTime)

  • TimeSolv Corporation

  • Themis Solutions Inc. (Clio)

  • Everlaw, Inc.

  • LexisNexis Legal & Professional Company

Recent Developments

  • In March 2023, Icertis, Inc. and KPMG LLP collaborated to deliver Icertis Contract Intelligence through contracting practices of KPMG to help customers to reduce costs, increase revenue, ensure compliance, and manage risks.

  • In March 2023, Casetext Inc. launched CoCounsel, an AI legal assistant which is powered by OpenAI technology. The software performs various important tasks such as document review, legal research, contract analysis, and deposition preparation.

  • In January 2023, Themis Solutions Inc. (Clio) expanded their operation to Australia to expand and support partnerships, sales, product development in the Australian legal market.

  • In January 2023, Filevine Inc. collaborated with Moxo Inc. to streamline legal case management and interactions for their clients and law firms and to improve customer experience.

Legal Technology Market Report Scope

Report Attribute


Market size value in 2023

USD 24.9 billion

Revenue forecast in 2030

USD 45.73 billion

Growth rate

CAGR of 9.1% from 2023 to 2030

Base year for estimation


Historical data

2018 - 2021

Forecast period

2023 - 2030

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Solution, type, end-user, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S., Canada, U.K., Germany, France, Italy, Spain, China, Japan, India, South Korea, Brazil, Argentina, UAE, South Africa

Key companies profiled

Icertis, Inc.; Filevine Inc.; DocuSign, Inc.; Casetext Inc.; ProfitSolv, LLC; Knovos, LLC; Mystacks, Inc.; Practice Insight Pty Ltd (WiseTime); TimeSolv Corporation; Themis Solutions Inc. (Clio); Everlaw, Inc.; LexisNexis Legal & Professional Company

Customization scope

Free report customization (equivalent to 8 analyst working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Global Legal Technology Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global legal technology market report based on solution, type, end-user, and region:

  • Solution Outlook (Revenue, USD Billion, 2018 - 2030)

    • Software

      • Cloud-based

      • On-Premises

    • Services

      • Consulting Services

      • Support Services

      • Others

  • Type Outlook (Revenue, USD Billion, 2018 - 2030)

    • E-discovery

    • Legal Research

    • Practice Management

    • Analytics

    • Compliance

    • Document Management

    • Contract Lifecycle Management

    • Time-Tracking & Billing

    • Others

  • End-user Outlook (Revenue, USD Billion, 2018 - 2030)

    • Law Firms

    • Corporate Legal Departments

    • Others

  • Regional Outlook (Revenue, USD Billion, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • Latin America

      • Brazil

      • Argentina

    • Middle East & Africa

      • UAE

      • South Africa

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