The legal services turnover in Sweden showed a consistent rise from €1.22 billion in 2016 to €1.54 billion in 2023. The year-on-year variation was notable with a peak increase of 5.62% in 2018, followed by a modest growth averaging 2.51% in 2023. Over the last five years up to 2023, the average CAGR was 2.39%, indicating steady expansion.
From 2024 onwards, the turnover is forecasted to grow, reaching €1.71 billion by 2028, with a forecasted 5-year CAGR of 1.64% and an overall growth rate of 8.45%.
Future trends to watch for:
-Impact of digital transformation in the legal industry.
-Increasing demand for compliance and regulatory services.
-Potential economic fluctuations affecting service pricing and demand.
-The evolving landscape of legal technology and its adoption.
