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(MoneyNewsWire.Net, October 04, 2017 ) The study pegs that the global legal services market had total revenues of $593.4bn in 2015, representing a compound annual growth rate (CAGR) of 3.9% between 2011 and 2015.
As per the report, 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.
According to Marketline, the number of legal professionals increased with a CAGR of 3.6% between 2011-2015, to reach a total of 6,081.0 thousand legal professionals in 2015. Further it provides, detailed industry analysis with help of Five Force Model at overall regional level and for 14 countries globally, analyzed within this report.
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In order to have industry accepted standard comparative scenario - in this report, 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.
Key Findings
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
Compares data from 14 countries globally, alongside individual chapters on each country.
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Synopsis
Global Legal Services industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume , and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
The global legal services market had total revenues of $593.4bn in 2015, representing a compound annual growth rate (CAGR) of 3.9% between 2011 and 2015.
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 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. All currency conversions are calculated at constant average annual 2015 exchange rates.
The recent explosion of law firm mergers largely reflects powerful international incumbent players' attempts to strengthen themselves in to a new tier of global firm, with a leading presence both in the West and across the newly developed emerging economies of South America and Asia-Pacific.
The number of legal professionals increased with a CAGR of 3.6% between 2011-2015, to reach a total of 6,081.0 thousand legal professionals in 2015.
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Table of Contents
EXECUTIVE SUMMARY
Market value
Market value forecast
Market volume
Market volume forecast
Geography segmentation
Introduction
What is this report about?
Who is the target reader?
How to use this report
Definitions
Global Legal Services
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Leading companies
Legal Services in Asia-Pacific
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Leading companies
Legal Services in Europe
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Leading companies
Legal Services in France
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Leading companies
Macroeconomic indicators
Legal Services in Germany
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Leading companies
Macroeconomic indicators
Legal Services in Japan
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Leading companies
Macroeconomic indicators
Legal Services in The United Kingdom
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Leading companies
Macroeconomic indicators
Legal Services in The United States
Market Overview
Market Data
Market Segmentation
Market outlook
Five forces analysis
Leading companies
Macroeconomic indicators
Appendix
Methodology
About MarketLine
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