Summary
Global Legal Services industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Synopsis
Essential resource for top-line data and analysis covering the Global legal services market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Key Highlights
- The legal services market includes practitioners of law operating in every sector of the legal spectrum. These include commercial, criminal, legal aid, insolvency, labor/industrial, family and taxation law.
- The global legal services market is had total revenues of $584.4bn in 2016, representing a compound annual growth rate (CAGR) of 2.6% between 2012 and 2016.
- Market consumption volume increased with a CAGR of 3.4% between 2012 and 2016, to reach a total of 6.3 million legal professionals in 2016.
- The trend for large scale mergers in the Global market shows little sign of slowing down. Large legal firms are competing to become international and strengthen themselves across multiple markets rather than just their domestic market.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the legal services market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the globallegal 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 2016?
- What will be the size of the Global legal services market in 2021?
- 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’s legal services market in relation to its regional counterparts?
Companies Mentioned
Baker & McKenzie LLP
DLA Piper
Latham & Watkins LLP
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
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Table of Contents
Executive Summary
Market value
Market value forecast
Market volume
Market volume forecast
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market volume
Market Segmentation
Geography segmentation
Market Outlook
Market value forecast
Market volume forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Baker & McKenzie LLP
DLA Piper
Latham & Watkins LLP
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: Global legal services market value: $ billion, 2012–16
Table 2: Global legal services market volume: million legal professionals, 2012–16
Table 3: Global legal services market geography segmentation: $ billion, 2016
Table 4: Global legal services market value forecast: $ billion, 2016–21
Table 5: Global legal services market volume forecast: million legal professionals, 2016–21
Table 6: Baker & McKenzie LLP: key facts
Table 7: DLA Piper: key facts
Table 8: Latham & Watkins LLP: key facts
Table 9: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates: key facts
List of Figures
Figure 1: Global legal services market value: $ billion, 2012–16
Figure 2: Global legal services market volume: million legal professionals, 2012–16
Figure 3: Global legal services market geography segmentation: % share, by value, 2016
Figure 4: Global legal services market value forecast: $ billion, 2016–21
Figure 5: Global legal services market volume forecast: million legal professionals, 2016–21
Figure 6: Forces driving competition in the global legal services market, 2016
Figure 7: Drivers of buyer power in the global legal services market, 2016
Figure 8: Drivers of supplier power in the global legal services market, 2016
Figure 9: Factors influencing the likelihood of new entrants in the global legal services market, 2016
Figure 10: Factors influencing the threat of substitutes in the global legal services market, 2016
Figure 11: Drivers of degree of rivalry in the global legal services market, 2016
