Published on : May 15, 2017
Albany, New York, May 15, 2017: Global legal services industry is sliding upwards and is driven by the increasing need for growing domestic legal services among individuals and small business, and increase in LPO’s (Legal Process Outsourcing), which provide “support functions such as documentation review and legal research”. Market Research Hub (MRH) has recently added an analyzed report titled as “Legal Services Global Industry Guide 2017” to its vast report repository, which is an in-depth study of global legal services industry market. The report provides an evaluated study for the global legal services industry that has shown total revenues of $584.4bn in 2016, with a compound annual growth rate (CAGR) of 2.6% between 2012 and 2016.
The legal services consist of practitioners of law operating in every sector of the legal spectrum. These include commercial, criminal, legal aid, insolvency, labor/industrial, family and taxation law. It is also analyzed that 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 has shown little sign of slowing down of the legal services industry.
The report initiates with the executive summary of the global legal services industry with its market value, market value forecast, market volume, and market volume forecast analysis. Further, the geographical segmentation is done for legal services industry, the main regions covered are Asia-Pacific, Europe, Japan, The United Kingdom, The United States, France and Germany. The provided geographical area covers market overview, market data, market segmentation, market outlook, and its five forces analysis. Furthermore, , the report also provides company profiles with top players including Baker & McKenzie LLP, DLA Piper, Latham & Watkins LLP, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, Allens, Australia, Dentons, Mori Hamada & Matsumoto, Nishimura & Asahi, Clifford Chance LLP, Linklaters LLP, Nagashima Ohno & Tsunematsu, TMI Associates, Allen & Overy LLP, Kirkland & Ellis LLP, Bredin Prat, Darrois Villey Maillot Brochier, Gide Loyrette Nouel, Freshfields Bruckhaus Deringer LLP, Hengeler Mueller Partnerschaft von Rechtsanwalten GmbB, Noerr LLP and Taylor Wessing LLP.
Finally, the report has concluded with the tables and figures that present the overall market scenario of legal services global industry, the table provided, describes the global legal services market value, volume for 2012-2016 and geographical segmentation, along with the market value and market volume forecast for the time period 2016-2021. Moreover, apart from above market values, the countries listed in the report has also presented the size of population, GDP, inflation, consumer price index and exchange rate in tabular form for 2012-2016.
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