Legal services companies advise clients (either individuals or corporations) about their legal rights and responsibilities, and further represent clients in civil or criminal cases, business transactions, and other matters. Establishments providing legal services include offices of lawyers, title abstract and settlement offices and offices of notaries.
The legal services market is expected to reach around $1 billion by 2021, growing at a CAGR of less than 5% in the forecast period. Major companies in the legal services market include Latham & Watkins LLP, Kirkland & Ellis LLP, Baker & McKenzie, Skadden, Arps, Slate, Meagher & Flom LLP and DLA Piper.
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The growth in the legal services market is mainly due to- economic growth, the global economy is expected to go through a continued period of steady growth during 2016-20. However, the legal services market is further expected to face restraints from several factors such as skill shortages, regulatory challenges and In-House Legal Teams Increasing Pressure On Traditional Law Firms – Globally, increasing number of companies appointing in-house legal teams is resulting in decreasing demand for traditional law agencies.
Table Of Content
- Introduction
- Executive Summary
- Legal Services Market Characteristics
- Global Legal Services Market Size and Growth
- Porter`s Five Forces Model
- PESTEL Analysis
- Legal Services Market Segmentation
- Legal Services Market Regional And Country Analysis
- North America Legal Services Market
- Western Europe Legal Services Market
- Asia Pacific Legal Services Market
- South America Legal Services Market
- Eastern Europe Legal Services Market
- Middle East Legal Services Market
- Africa Legal Services Market
- Legal Services Market Competitive Landscape
- Global Legal Services Market Comparison with Macro Economic Factors
- Legal Services Customer and Operational Insights
- Key Mergers And Acquisitions In The Legal Services Market
- Legal Services Market Trends And Strategies
- Appendix
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