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Law Firms in the US - Industry Market Research Report

  • September 2016
  • 34 pages
  • Ibisworld
Report ID: 199070

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Due process: Rising business activity and disposable income will bolster industry growth



Abstract

Law Firms in the US

As the economy continues to improve, the Law Firms industry will benefit from higher corporate profit margins and increased corporate activity. Increasing mergers and acquisitions (M&As) as well as strength in initial public offerings (IPOs) will continue to improve revenue for the industry's top firms, which receive the bulk of their revenue from major corporate clients. The overall performance of the economy, an anticipated increase in corporate profit and an influx of new laws and regulations will aid revenue growth in the next five years. Expected increases in consumer disposable income will also aid smaller industry participants by increasing demand for services like estate and trust planning. In addition, improving investor confidence will stimulate more activity in M&A and IPO markets, facilitating higher demand for corporate legal services.

This industry comprises offices of

legal practitioners, known as lawyers or attorneys, who primarily practice law. Establishments provide expertise on a range of areas or specific areas of law, such as criminal, corporate, family and estate, patent, real estate

or tax.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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