Legal Services Market Summary, Competitive Analysis and Forecast, 2017-2026

MarketLine
212 Pages - MLINE17700
$1,495.00

Summary

Global Legal Services industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- The legal services market includes practitioners of law operating in every sector of the legal spectrum. These include, but are not limited to, commercial, criminal, legal aid, insolvency, labor/industrial, family and taxation law.
- The market's value is calculated as the total revenues received by law companies for services rendered. These values include all applicable taxes.
- Market volumes in this report refer to the total number of legal professionals in the country in question.
- All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The global legal services market had total revenues of $718.0 billion in 2021, representing a compound annual growth rate (CAGR) of 4.1% between 2016 and 2021.
- Market production volume increased with a CAGR of 3.3% between 2016 and 2021, to reach a total of 7,979,900 practitioners of law in 2021.
- The US legal services market is the largest in the world, accounting for 48.2% of the global market’s value. Europe and Asia-Pacific account for 25.8% and 15.0%, respectively.

Scope

- Save time carrying out entry-level research by identifying the size, growth, and leading players in the global legal services market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global legal services market
- Leading company profiles reveal details of key legal services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the global legal services market with five year forecasts by both value and volume.

Reasons to Buy

- What was the size of the global legal services market by value in 2021?
- What will be the size of the global legal services market in 2026?
- What factors are affecting the strength of competition in the global legal services market?
- How has the market performed over the last five years?
- How large is the global legal services market in relation to its regional counterparts?

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Table of Contents
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Competitive Landscape
2 Introduction
2.1. What is this report about?
2.2. Who is the target reader?
2.3. How to use this report
2.4. Definitions
3 Global Legal Services
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
5 Legal Services in Asia-Pacific
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 Legal Services in Europe
6.1. Market Overview
6.2. Market Data
6.3. Market Segmentation
6.4. Market outlook
6.5. Five forces analysis
7 Macroeconomic Indicators
7.1. Country data
8 Legal Services in Japan
8.1. Market Overview
8.2. Market Data
8.3. Market Segmentation
8.4. Market outlook
8.5. Five forces analysis
9 Macroeconomic Indicators
9.1. Country data
10 Legal Services in The United Kingdom
10.1. Market Overview
10.2. Market Data
10.3. Market Segmentation
10.4. Market outlook
10.5. Five forces analysis
11 Macroeconomic Indicators
11.1. Country data
12 Legal Services in The United States
12.1. Market Overview
12.2. Market Data
12.3. Market Segmentation
12.4. Market outlook
12.5. Five forces analysis
13 Macroeconomic Indicators
13.1. Country data
14 Legal Services in France
14.1. Market Overview
14.2. Market Data
14.3. Market Segmentation
14.4. Market outlook
14.5. Five forces analysis
15 Macroeconomic Indicators
15.1. Country data
16 Legal Services in Germany
16.1. Market Overview
16.2. Market Data
16.3. Market Segmentation
16.4. Market outlook
16.5. Five forces analysis
17 Macroeconomic Indicators
17.1. Country data
18 Company Profiles
18.1. Kirkland & Ellis LLP
18.2. Latham & Watkins LLP
18.3. Herbert Smith Freehills
18.4. Dentons UK and Middle East LLP
18.5. Baker & McKenzie LLP
18.6. Mori Hamada & Matsumoto
18.7. Clifford Chance LLP
18.8. Linklaters LLP
18.9. Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
18.10. Allen & Overy LLP
18.11. Gide Loyrette Nouel
18.12. Hengeler Mueller Partnerschaft von Rechtsanwalten mbB
18.13. Taylor Wessing LLP
18.14. Noerr LLP
18.15. Freshfields Bruckhaus Deringer LLP
19 Appendix
19.1. Methodology
19.2. About MarketLine

List of Tables
Table 1: Global legal services market value: $ billion, 2016-21
Table 2: Global legal services market volume: thousand practitioners of law, 2016-21
Table 3: Global legal services market geography segmentation: $ billion, 2021
Table 4: Global legal services market value forecast: $ billion, 2021-26
Table 5: Global legal services market volume forecast: thousand practitioners of law, 2021-26
Table 6: Global size of population (million), 2017-21
Table 7: Global gdp (constant 2005 prices, $ billion), 2017-21
Table 8: Global gdp (current prices, $ billion), 2017-21
Table 9: Global inflation, 2017-21
Table 10: Global consumer price index (absolute), 2017-21
Table 11: Global exchange rate, 2017-21
Table 12: Asia-Pacific legal services market value: $ billion, 2016-21
Table 13: Asia-Pacific legal services market volume: thousand practitioners of law, 2016-21
Table 14: Asia-Pacific legal services market geography segmentation: $ billion, 2021
Table 15: Asia-Pacific legal services market value forecast: $ billion, 2021-26
Table 16: Asia-Pacific legal services market volume forecast: thousand practitioners of law, 2021-26
Table 17: Europe legal services market value: $ billion, 2016-21
Table 18: Europe legal services market volume: thousand practitioners of law, 2016-21
Table 19: Europe legal services market geography segmentation: $ billion, 2021
Table 20: Europe legal services market value forecast: $ billion, 2021-26
Table 21: Europe legal services market volume forecast: thousand practitioners of law, 2021-26
Table 22: Europe size of population (million), 2017-21
Table 23: Europe gdp (constant 2005 prices, $ billion), 2017-21
Table 24: Europe gdp (current prices, $ billion), 2017-21
Table 25: Europe inflation, 2017-21
Table 26: Europe consumer price index (absolute), 2017-21
Table 27: Europe exchange rate, 2017-21
Table 28: Japan legal services market value: $ billion, 2016-21
Table 29: Japan legal services market volume: thousand practitioners of law, 2016-21
Table 30: Japan legal services market geography segmentation: $ billion, 2021
Table 31: Japan legal services market value forecast: $ billion, 2021-26
Table 32: Japan legal services market volume forecast: thousand practitioners of law, 2021-26
Table 33: Japan size of population (million), 2017-21
Table 34: Japan gdp (constant 2005 prices, $ billion), 2017-21
Table 35: Japan gdp (current prices, $ billion), 2017-21
Table 36: Japan inflation, 2017-21
Table 37: Japan consumer price index (absolute), 2017-21
Table 38: Japan exchange rate, 2017-21
Table 39: United Kingdom legal services market value: $ billion, 2016-21
Table 40: United Kingdom legal services market volume: thousand practitioners of law, 2016-21
Table 41: United Kingdom legal services market geography segmentation: $ billion, 2021
Table 42: United Kingdom legal services market value forecast: $ billion, 2021-26
Table 43: United Kingdom legal services market volume forecast: thousand practitioners of law, 2021-26
Table 44: United Kingdom size of population (million), 2017-21
Table 45: United Kingdom gdp (constant 2005 prices, $ billion), 2017-21
Table 46: United Kingdom gdp (current prices, $ billion), 2017-21
Table 47: United Kingdom inflation, 2017-21
Table 48: United Kingdom consumer price index (absolute), 2017-21
Table 49: United Kingdom exchange rate, 2017-21
Table 50: United States legal services market value: $ billion, 2016-21
Table 51: United States legal services market volume: thousand practitioners of law, 2016-21
Table 52: United States legal services market geography segmentation: $ billion, 2021
Table 53: United States legal services market value forecast: $ billion, 2021-26
Table 54: United States legal services market volume forecast: thousand practitioners of law, 2021-26
Table 55: United States size of population (million), 2017-21
Table 56: United States gdp (constant 2005 prices, $ billion), 2017-21
Table 57: United States gdp (current prices, $ billion), 2017-21
Table 58: United States inflation, 2017-21
Table 59: United States consumer price index (absolute), 2017-21
Table 60: United States exchange rate, 2017-21
Table 61: France legal services market value: $ billion, 2016-21
Table 62: France legal services market volume: thousand practitioners of law, 2016-21
Table 63: France legal services market geography segmentation: $ billion, 2021
Table 64: France legal services market value forecast: $ billion, 2021-26
Table 65: France legal services market volume forecast: thousand practitioners of law, 2021-26
Table 66: France size of population (million), 2017-21
Table 67: France gdp (constant 2005 prices, $ billion), 2017-21
Table 68: France gdp (current prices, $ billion), 2017-21
Table 69: France inflation, 2017-21
Table 70: France consumer price index (absolute), 2017-21
Table 71: France exchange rate, 2017-21
Table 72: Germany legal services market value: $ billion, 2016-21
Table 73: Germany legal services market volume: thousand practitioners of law, 2016-21
Table 74: Germany legal services market geography segmentation: $ billion, 2021
Table 75: Germany legal services market value forecast: $ billion, 2021-26
Table 76: Germany legal services market volume forecast: thousand practitioners of law, 2021-26
Table 77: Germany size of population (million), 2017-21
Table 78: Germany gdp (constant 2005 prices, $ billion), 2017-21
Table 79: Germany gdp (current prices, $ billion), 2017-21
Table 80: Germany inflation, 2017-21
Table 81: Germany consumer price index (absolute), 2017-21
Table 82: Germany exchange rate, 2017-21
Table 83: Kirkland & Ellis LLP: key facts
Table 84: Kirkland & Ellis LLP: Key Employees
Table 85: Latham & Watkins LLP: key facts
Table 86: Latham & Watkins LLP: Key Employees
Table 87: Herbert Smith Freehills: key facts
Table 88: Herbert Smith Freehills: Key Employees
Table 89: Dentons UK and Middle East LLP: key facts
Table 90: Dentons UK and Middle East LLP: Key Employees

List of Figures
Figure 1: Global legal services market value: $ billion, 2016-21
Figure 2: Global legal services market volume: thousand practitioners of law, 2016-21
Figure 3: Global legal services market geography segmentation: % share, by value, 2021
Figure 4: Global legal services market value forecast: $ billion, 2021-26
Figure 5: Global legal services market volume forecast: thousand practitioners of law, 2021-26
Figure 6: Forces driving competition in the global legal services market, 2021
Figure 7: Drivers of buyer power in the global legal services market, 2021
Figure 8: Drivers of supplier power in the global legal services market, 2021
Figure 9: Factors influencing the likelihood of new entrants in the global legal services market, 2021
Figure 10: Factors influencing the threat of substitutes in the global legal services market, 2021
Figure 11: Drivers of degree of rivalry in the global legal services market, 2021
Figure 12: Asia-Pacific legal services market value: $ billion, 2016-21
Figure 13: Asia-Pacific legal services market volume: thousand practitioners of law, 2016-21
Figure 14: Asia-Pacific legal services market geography segmentation: % share, by value, 2021
Figure 15: Asia-Pacific legal services market value forecast: $ billion, 2021-26
Figure 16: Asia-Pacific legal services market volume forecast: thousand practitioners of law, 2021-26
Figure 17: Forces driving competition in the legal services market in Asia-Pacific, 2021
Figure 18: Drivers of buyer power in the legal services market in Asia-Pacific, 2021
Figure 19: Drivers of supplier power in the legal services market in Asia-Pacific, 2021
Figure 20: Factors influencing the likelihood of new entrants in the legal services market in Asia-Pacific, 2021
Figure 21: Factors influencing the threat of substitutes in the legal services market in Asia-Pacific, 2021
Figure 22: Drivers of degree of rivalry in the legal services market in Asia-Pacific, 2021
Figure 23: Europe legal services market value: $ billion, 2016-21
Figure 24: Europe legal services market volume: thousand practitioners of law, 2016-21
Figure 25: Europe legal services market geography segmentation: % share, by value, 2021
Figure 26: Europe legal services market value forecast: $ billion, 2021-26
Figure 27: Europe legal services market volume forecast: thousand practitioners of law, 2021-26
Figure 28: Forces driving competition in the legal services market in Europe, 2021
Figure 29: Drivers of buyer power in the legal services market in Europe, 2021
Figure 30: Drivers of supplier power in the legal services market in Europe, 2021
Figure 31: Factors influencing the likelihood of new entrants in the legal services market in Europe, 2021
Figure 32: Factors influencing the threat of substitutes in the legal services market in Europe, 2021
Figure 33: Drivers of degree of rivalry in the legal services market in Europe, 2021
Figure 34: Japan legal services market value: $ billion, 2016-21
Figure 35: Japan legal services market volume: thousand practitioners of law, 2016-21
Figure 36: Japan legal services market geography segmentation: % share, by value, 2021
Figure 37: Japan legal services market value forecast: $ billion, 2021-26
Figure 38: Japan legal services market volume forecast: thousand practitioners of law, 2021-26
Figure 39: Forces driving competition in the legal services market in Japan, 2021
Figure 40: Drivers of buyer power in the legal services market in Japan, 2021
Figure 41: Drivers of supplier power in the legal services market in Japan, 2021
Figure 42: Factors influencing the likelihood of new entrants in the legal services market in Japan, 2021
Figure 43: Factors influencing the threat of substitutes in the legal services market in Japan, 2021
Figure 44: Drivers of degree of rivalry in the legal services market in Japan, 2021
Figure 45: United Kingdom legal services market value: $ billion, 2016-21
Figure 46: United Kingdom legal services market volume: thousand practitioners of law, 2016-21
Figure 47: United Kingdom legal services market geography segmentation: % share, by value, 2021
Figure 48: United Kingdom legal services market value forecast: $ billion, 2021-26
Figure 49: United Kingdom legal services market volume forecast: thousand practitioners of law, 2021-26
Figure 50: Forces driving competition in the legal services market in the United Kingdom, 2021
Figure 51: Drivers of buyer power in the legal services market in the United Kingdom, 2021
Figure 52: Drivers of supplier power in the legal services market in the United Kingdom, 2021
Figure 53: Factors influencing the likelihood of new entrants in the legal services market in the United Kingdom, 2021
Figure 54: Factors influencing the threat of substitutes in the legal services market in the United Kingdom, 2021
Figure 55: Drivers of degree of rivalry in the legal services market in the United Kingdom, 2021
Figure 56: United States legal services market value: $ billion, 2016-21
Figure 57: United States legal services market volume: thousand practitioners of law, 2016-21
Figure 58: United States legal services market geography segmentation: % share, by value, 2021
Figure 59: United States legal services market value forecast: $ billion, 2021-26
Figure 60: United States legal services market volume forecast: thousand practitioners of law, 2021-26
Figure 61: Forces driving competition in the legal services market in the United States, 2021
Figure 62: Drivers of buyer power in the legal services market in the United States, 2021
Figure 63: Drivers of supplier power in the legal services market in the United States, 2021
Figure 64: Factors influencing the likelihood of new entrants in the legal services market in the United States, 2021
Figure 65: Factors influencing the threat of substitutes in the legal services market in the United States, 2021
Figure 66: Drivers of degree of rivalry in the legal services market in the United States, 2021
Figure 67: France legal services market value: $ billion, 2016-21
Figure 68: France legal services market volume: thousand practitioners of law, 2016-21
Figure 69: France legal services market geography segmentation: % share, by value, 2021
Figure 70: France legal services market value forecast: $ billion, 2021-26
Figure 71: France legal services market volume forecast: thousand practitioners of law, 2021-26
Figure 72: Forces driving competition in the legal services market in France, 2021
Figure 73: Drivers of buyer power in the legal services market in France, 2021
Figure 74: Drivers of supplier power in the legal services market in France, 2021
Figure 75: Factors influencing the likelihood of new entrants in the legal services market in France, 2021
Figure 76: Factors influencing the threat of substitutes in the legal services market in France, 2021
Figure 77: Drivers of degree of rivalry in the legal services market in France, 2021
Figure 78: Germany legal services market value: $ billion, 2016-21
Figure 79: Germany legal services market volume: thousand practitioners of law, 2016-21
Figure 80: Germany legal services market geography segmentation: % share, by value, 2021
Figure 81: Germany legal services market value forecast: $ billion, 2021-26
Figure 82: Germany legal services market volume forecast: thousand practitioners of law, 2021-26
Figure 83: Forces driving competition in the legal services market in Germany, 2021
Figure 84: Drivers of buyer power in the legal services market in Germany, 2021
Figure 85: Drivers of supplier power in the legal services market in Germany, 2021
Figure 86: Factors influencing the likelihood of new entrants in the legal services market in Germany, 2021
Figure 87: Factors influencing the threat of substitutes in the legal services market in Germany, 2021
Figure 88: Drivers of degree of rivalry in the legal services market in Germany, 2021

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