Legal Services companies advise clients (individuals or corporations) about their legal rights and responsibilities, and represent clients in civil or criminal cases, business transactions, and other matters in which legal advice and other assistance are sought.
The Legal Services Global Market Briefing provides strategists, marketers and senior management with the critical information they need to assess the legal services sector.
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Get up to date information available on the legal services market globally.
Identify growth segments and opportunities.
Facilitate decision making on the basis of historic and forecast data and understand the drivers and restraints on the market.
Develop strategies based on likely future developments.
Gain a global perspective on the development of the market.
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The Legal Services Global Market Briefing Report covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market.
The market characteristics section of the report defines and explains the market.
The market size section gives the legal services market revenues, covering both the historic growth of the market and forecasting the future.
Markets Covered: Legal Services
Companies Mentioned: Deloitte, Latham & Watkins, Baker & McKenzie, DLA Piper USA, Skadden, Arps, Slate, Meagher & Flom, Kirkland & Ellis, Allen & Overy, Jones Day, Sidley Austin, Morgan and Lewis & Bockius
Geographic scope: Americas, Europe, Asia, Middle East and Africa, Oceania.
Time series: Five years historic and forecast.
Data: Market value in $ billions.
The USA was the largest country in the legal services market in 2016, accounting for about $290 billion or 45% of the global market. The UK was the second largest market, accounting for about $45 billion or 7% of the global market. Germany was the third largest market, accounting for about $25 billion or 4% of the global market. France accounted for about 3.5% and $20 billion, while Japan accounted for 0.5% of the global legal services market.
The purchase patterns of customers seeking legal services is evolving continuously and customers are becoming more willing to purchase legal services from non-traditional companies. Companies are willing to purchase legal services from non-traditional firms that offers a range of professional services. For instance, according to a survey by Deloitte about 52% of in-house departments are considering buying legal services from non-traditional law firms.
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