Global Legal Services Market Report 2021-2028 – Increase in Number of Alternative Legal Service Providers (ALSPs)

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DUBLIN, 22 November 2021 / PRNewswire / – The Legal Services Market Size, Share and Trend Analysis Report by Services (Tax, Real Estate, Litigation, Bankruptcy, Labor / Employment, Company), Company Size, Vendor, and Segment Forecast , 2021-2028 “ the report was added to ResearchAndMarkets.com offer.

The size of the global legal services market is expected to reach $ 1,196.01 billion by 2028, posting a CAGR of 4.4%

The increasing use of the latest technologies in the provision of legal services is expected to drive the growth of the market. The emphasis on transparent customer relationships is also expected to drive market growth.

Law firms are increasingly adopting chatbots to help optimize the work process and save time and costs for themselves as well as their clients. Chatbots can help law firms digitize information and search lawyer-specific documents, among other tasks. Chatbots can also help keep track of unresponsive customers and find required information through automated conversations.

Law firms are exploring different ways to help their clients reduce exposure to compliance risks and costs by helping them better manage information, paving the way for the adoption of automation software. of documents in legal services.

Document automation software guides end users through a questionnaire to collect relevant data and guide them through the document creation process. Such an approach relieves end users of the tedious process of understanding terminologies appearing in the document.

Social networks have great potential to transform the way legal services are delivered. As such, legal professionals adopt a variety of social media tools to accomplish a myriad of legal tasks as well as to pursue their career goals. Social media platforms, including LinkedIn, Facebook and Twitter, particularly help legal professionals reach a wider audience.

Highlights of the Legal Services Market Report

  • The enterprise segment is expected to become the fastest growing segment during the forecast period as disputes over organizational audits, employee discrimination and harassment, copyright infringement and patent infringement continue to increase.
  • The private practice lawyer segment is expected to experience substantial growth during the forecast period due to increased opportunities for lawyers from large companies as well as small and medium enterprises.
  • Law firms are changing their hiring methods based on changing client needs
  • Law Firms Work With Professional Service Providers To Provide Unified Multidisciplinary Services To Their Clients

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Executive summary
2.1. Legal Services Industry Overview and Key Purchasing Criteria, 2018 – 2028

Chapter 3. Legal Services Market Variables, Trends and Scope
3.1. Market size and growth prospects
3.2. Industry value chain analysis
3.3. Market dynamics
3.3.1. Market driver analysis
3.3.1.1. Technological disruption in the legal sector
3.3.1.2. Increase in the number of Alternative Legal Service Providers (ALSPs)
3.3.2. Analysis of market constraints
3.3.2.1. Regulatory challenges in the legal sector
3.4. Business environment analysis tools
3.4.1. Industry Analysis – Porter’s
3.4.2. PEST analysis
3.5. Mapping of penetration and growth prospects

Chapter 4. Legal Services Market – Competitive Analysis
4.1. Recent developments and impact analysis, by the main market players
4.2. Categorization of key companies (key innovators, market leaders and emerging players)
4.3. Key Companies Market Share Analysis, 2020
4.4. Public enterprises
4.4.1. Analysis of the company’s positioning on the market
4.4.2. Market share / company ranking, by region
4.5. Private companies
4.5.1. List of top emerging companies / technology disruptors / innovators
4.5.2. Analysis of the company’s positioning on the market

Chapter 5. Legal Services Market: Service Estimates and Trend Analysis
5.1. Market Size Estimates & Forecasts & Trend Analysis, 2018 – 2028 (USD Billion)
5.2. Legal Services Market: Analysis of the Movement of Services, 2020 and 2028
5.2.1. Taxation
5.2.2. Immovable
5.2.3. Litigation
5.2.4. Bankruptcy
5.2.5. Work / employment
5.2.6. Business

Chapter 6. Legal Services Market: Company Size Estimates and Trend Analysis
6.1. Market Size Estimates & Forecasts & Trend Analysis, 2018 – 2028 (USD Billion)
6.2. Legal Services Market: Analysis of Firm Size Movements, 2020 and 2028
6.2.1. Large companies
6.2.2. Medium-sized companies
6.2.3. Small enterprises

Chapter 7. Legal Services Market: Vendor Estimates and Trend Analysis
7.1. Market Size Estimates & Forecasts & Trend Analysis, 2018 – 2028 (USD Billion)
7.2. Legal Services Market: Analysis of Supplier Movement, 2020 and 2028
7.2.1. Lawyers in private practice
7.2.2. Legal companies
7.2.3. Government departments

Chapter 8. Legal Services Market: Regional Estimates and Trend Analysis
8.1. Market Size Estimates & Forecasts & Trend Analysis, 2018 – 2028 (USD Billion)
8.2. Legal services market share by region, 2020 and 2028

Chapter 9. Competitive landscape
9.1. Company presentation
9.2. Financial performance
9.3. Comparative analysis of products
9.4. Recent developments

  • 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 and affiliates

For more information on this report, visit https://www.researchandmarkets.com/r/l52ds

Media contact:

Research and markets
Laura Wood, senior
[email protected]

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