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Legal Services in the United States

  • June 2016
  • -
  • MarketLine
  • -
  • 30 pages

Summary
Legal Services in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2011-15, 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. Essential resource for top-line data and analysis covering the United States legal services market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.


Synopsis
Save time carrying out entry-level research by identifying the size, growth, 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 by both value and volume

Macroeconomic indicators provide insight into general trends within the United States economy


Reasons To Buy
What was the size of the United States legal services market by value in 2015?

What will be the size of the United States legal services market in 2020?

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?

How large is the United States's legal services market in relation to its regional counterparts?

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 US legal services market had total revenues of $289.8bn in 2015, representing a compound annual growth rate (CAGR) of 4.2% between 2011 and 2015.

- The number of legal professionals increased with a CAGR of 0.5% between 2011-2015, to reach a total of 1,270.2 thousand legal professionals in 2015.

- In this context, it is notable that consolidation in the US market has been prolific, with 2015 seeing a record number of mergers with 91 law firms combining in total.

Table Of Contents

Legal Services in the United States
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 and McKenzie LLP
DLA Piper
Latham and Watkins LLP
Skadden, Arps, Slate, Meagher and Flom LLP and Affiliates
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine

List of Tables
Table 1: United States legal services market value: $ billion, 2011-15
Table 2: United States legal services market volume: million legal professionals, 2011-15
Table 3: United States legal services market geography segmentation: $ billion, 2015
Table 4: United States legal services market value forecast: $ billion, 2015-20
Table 5: United States legal services market volume forecast: million legal professionals, 2015-20
Table 6: Baker and McKenzie LLP: key facts
Table 7: DLA Piper: key facts
Table 8: Latham and Watkins LLP: key facts
Table 9: Skadden, Arps, Slate, Meagher and Flom LLP and Affiliates: key facts
Table 10: United States size of population (million), 2011-15
Table 11: United States gdp (constant 2005 prices, $ billion), 2011-15
Table 12: United States gdp (current prices, $ billion), 2011-15
Table 13: United States inflation, 2011-15
Table 14: United States consumer price index (absolute), 2011-15
Table 15: United States exchange rate, 2011-15

List of Figures
Figure 1: United States legal services market value: $ billion, 2011-15
Figure 2: United States legal services market volume: million legal professionals, 2011-15
Figure 3: United States legal services market geography segmentation: % share, by value, 2015
Figure 4: United States legal services market value forecast: $ billion, 2015-20
Figure 5: United States legal services market volume forecast: million legal professionals, 2015-20
Figure 6: Forces driving competition in the legal services market in the United States, 2015
Figure 7: Drivers of buyer power in the legal services market in the United States, 2015
Figure 8: Drivers of supplier power in the legal services market in the United States, 2015
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in the United States, 2015
Figure 10: Factors influencing the threat of substitutes in the legal services market in the United States, 2015
Figure 11: Drivers of degree of rivalry in the legal services market in the United States, 2015

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