Legal Services in the United States
Summary
Legal Services in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). 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 US legal services market had total revenues of $314.0bn in 2018, representing a compound annual growth rate (CAGR) of 3% between 2014 and 2018.
- Âé¶¹Ô´´ volume increased with a CAGR of 0.3% between 2014 and 2018, to reach a total of 1,284.4 thousand legal professionals in 2018.
- The US legal services market is the largest in the world, accounting for 47% of global revenue in 2018 and owning most of the largest global firms
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the legal services market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the legal services market in the United States
- 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 United States legal services market with five year forecasts
Reasons to Buy
- What was the size of the United States legal services market by value in 2018?
- What will be the size of the United States legal services market in 2023?
- What factors are affecting the strength of competition in the United States legal services market?
- How has the market performed over the last five years?
- What are the main segments that make up the United States's legal services market?
Table of Contents
Executive Summary
Âé¶¹Ô´´ value
Âé¶¹Ô´´ value forecast
Âé¶¹Ô´´ volume
Âé¶¹Ô´´ volume forecast
Geography segmentation
Âé¶¹Ô´´ rivalry
Âé¶¹Ô´´ Overview
Âé¶¹Ô´´ definition
Âé¶¹Ô´´ analysis
Âé¶¹Ô´´ Data
Âé¶¹Ô´´ value
Âé¶¹Ô´´ volume
Âé¶¹Ô´´ Segmentation
Geography segmentation
Âé¶¹Ô´´ Outlook
Âé¶¹Ô´´ value forecast
Âé¶¹Ô´´ volume forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Baker & McKenzie LLP
Kirkland & Ellis LLP
Latham & Watkins LLP
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related Âé¶¹Ô´´Line research
Appendix
About Âé¶¹Ô´´Line
List of Tables
List of Tables
Table 1: United States legal services market value: $ billion, 2014-18
Table 2: United States legal services market volume: thousand legal professionals, 2014-18
Table 3: United States legal services market geography segmentation: $ billion, 2018
Table 4: United States legal services market value forecast: $ billion, 2018-23
Table 5: United States legal services market volume forecast: thousand legal professionals, 2018-23
Table 6: Baker & McKenzie LLP: key facts
Table 7: Kirkland & Ellis LLP: key facts
Table 8: Latham & Watkins LLP: key facts
Table 9: United States size of population (million), 2014-18
Table 10: United States gdp (constant 2005 prices, $ billion), 2014-18
Table 11: United States gdp (current prices, $ billion), 2014-18
Table 12: United States inflation, 2014-18
Table 13: United States consumer price index (absolute), 2014-18
Table 14: United States exchange rate, 2014-18
List of Figures
List of Figures
Figure 1: United States legal services market value: $ billion, 2014-18
Figure 2: United States legal services market volume: thousand legal professionals, 2014-18
Figure 3: United States legal services market geography segmentation: % share, by value, 2018
Figure 4: United States legal services market value forecast: $ billion, 2018-23
Figure 5: United States legal services market volume forecast: thousand legal professionals, 2018-23
Figure 6: Forces driving competition in the legal services market in the United States, 2018
Figure 7: Drivers of buyer power in the legal services market in the United States, 2018
Figure 8: Drivers of supplier power in the legal services market in the United States, 2018
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in the United States, 2018
Figure 10: Factors influencing the threat of substitutes in the legal services market in the United States, 2018
Figure 11: Drivers of degree of rivalry in the legal services market in the United States, 2018
Baker & McKenzie LLP
Kirkland & Ellis LLP
Latham & Watkins LLP
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*If Applicable.