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Legal Services Market Share

Report ID: GMI7277
Published Date: Nov 2023
Report Format: PDF

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Legal Services Market Share

The major companies operating in the legal services industry are:

Baker & McKenzie
Clifford Chance LLP
Deloitte
DLA Piper
Ernst & Young (E&Y)
Kirkland & Ellis LLP
KPMG
LATHAM & WATKINS LLP
PwC
Skadden, Arps, Slate, Meagher & Flom LLP

Baker & McKenzie and Clifford Chance LLP are dominating the market with a prominent revenue share. The competitive landscape of the market is characterized by a focus on global expansion, diversified expertise, strategic alliances, and the integration of cutting-edge technologies to meet diverse client demands and maintain market leadership.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of legal services reached USD 904.1 billion in 2022 and is set to record 5% CAGR between 2023 and 2032, owing to the increasing number of pre-litigation cases.

The large firms segment generated revenues over USD 490 billion in 2022, as these firms offer diverse expertise and extensive networking capabilities.

North America market share was over 33% in 2022, due to the integration of advanced technology across the region, as Automation, Artificial Intelligence (AI), and data analytics streamline legal processes, enhancing efficiency and reducing the costs.

Baker & McKenzie, Clifford Chance LLP, Deloitte, DLA Piper, Ernst & Young (E&Y), Kirkland & Ellis LLP, KPMG, LATHAM & WATKINS LLP, PwC, Skadden, Arps, Slate,and Meagher & Flom LLP.