Legal Services in the United States

Legal Services in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2014-18, and forecast to 2023). 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.

Key Highlights

- The legal services market includes practitioners of law operating in every sector of the legal spectrum. These include, but are not limited to, commercial, criminal, legal aid, insolvency, labor/industrial, family and taxation law.

- The US legal services market had total revenues of $314.0bn in 2018, representing a compound annual growth rate (CAGR) of 3% between 2014 and 2018.

- Market volume increased with a CAGR of 0.3% between 2014 and 2018, to reach a total of 1,284.4 thousand legal professionals in 2018.

- The US legal services market is the largest in the world, accounting for 47% of global revenue in 2018 and owning most of the largest global firms

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 2018?

- What will be the size of the United States legal services market in 2023?

- 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?

Companies mentioned

Baker & McKenzie LLP

Kirkland & Ellis LLP

Latham & Watkins LLP

Baker & McKenzie LLP

Kirkland & Ellis LLP

Latham & Watkins LLP

Table of Contents

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 ...

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 & McKenzie LLP

Kirkland & Ellis LLP

Latham & Watkins LLP

Macroeconomic Indicators

Country data

Methodology

Industry associations

Related MarketLine research

Appendix

About MarketLine

List of Tables

List of Tables

Table 1: United States legal services market value: $ million, 2014-18

Table 2: United States legal services market volume: thousand legal professionals, 2014-18 ...

List of Tables

Table 1: United States legal services market value: $ million, 2014-18

Table 2: United States legal services market volume: thousand legal professionals, 2014-18

Table 3: United States legal services market geography segmentation: $ million, 2018

Table 4: United States legal services market value forecast: $ million, 2018-23

Table 5: United States legal services market volume forecast: thousand legal professionals, 2018-23

Table 6: Baker & McKenzie LLP: key facts

Table 7: Kirkland & Ellis LLP: key facts

Table 8: Latham & Watkins LLP: key facts

Table 9: United States size of population (million), 2014-18

Table 10: United States gdp (constant 2005 prices, $ billion), 2014-18

Table 11: United States gdp (current prices, $ billion), 2014-18

Table 12: United States inflation, 2014-18

Table 13: United States consumer price index (absolute), 2014-18

Table 14: United States exchange rate, 2014-18

List of Figures

List of Figures

Figure 1: United States legal services market value: $ million, 2014-18

Figure 2: United States legal services market volume: thousand legal professionals, 2014-18 ...

List of Figures

Figure 1: United States legal services market value: $ million, 2014-18

Figure 2: United States legal services market volume: thousand legal professionals, 2014-18

Figure 3: United States legal services market geography segmentation: % share, by value, 2018

Figure 4: United States legal services market value forecast: $ million, 2018-23

Figure 5: United States legal services market volume forecast: thousand legal professionals, 2018-23

Figure 6: Forces driving competition in the legal services market in the United States, 2018

Figure 7: Drivers of buyer power in the legal services market in the United States, 2018

Figure 8: Drivers of supplier power in the legal services market in the United States, 2018

Figure 9: Factors influencing the likelihood of new entrants in the legal services market in the United States, 2018

Figure 10: Factors influencing the threat of substitutes in the legal services market in the United States, 2018

Figure 11: Drivers of degree of rivalry in the legal services market in the United States, 2018

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