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Legal Services in the United States

  • 29 pages, published in March 2017
  • By MarketLine
  • Report Number: 171592

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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 and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis
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.
Key Findings
- 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 $289.7bn in 2016, representing a compound annual growth rate (CAGR) of 1.7% between 2012 and 2016.
- Market consumption volume increased with a CAGR of 0.1% between 2012 and 2016, to reach a total of 1.3 million legal professionals in 2016.
- One of the major barriers to entry is differing requirements from state to state. California, for instance, maintains its own rules on gaining access to the local market, making it harder to expand.

Scope
- 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

Reasons to buy
- What was the size of the United States legal services market by value in 2016?
- What will be the size of the United States legal services market in 2021?
- 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?

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