Global Legal Services Market Size & Outlook, 2023-2030
Global legal services market, 2018-2030 (US$M)
Related Markets
Global legal services market highlights
- The global legal services market generated a revenue of USD 1,000.9 million in 2023 and is expected to reach USD 1,362.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.5% by 2030.
- In terms of segment, corporate accounted for a revenue of USD 314.8 million in 2023.
- Corporate is the most lucrative services segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,000.9 million |
| Market revenue in 2030 | USD 1,362.8 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Corporate |
| Fastest growing segment | Corporate |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Taxation, Real Estate, Litigation, Bankruptcy, Labor/Employment, Corporate |
Other key industry trends
- In terms of revenue, the North America accounted for 40.4% of the global legal services market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 456.4 million by 2030.
Corporate was the largest segment with a revenue share of 31.45% in 2023. Horizon Databook has segmented the Global legal services market based on taxation, real estate, litigation, bankruptcy, labor/employment, corporate covering the revenue growth of each sub-segment from 2018 to 2030.
Technological innovations and advancements in the legal industry are expected to offer new growth opportunities in the sector, enabling in maintaining a transparent relationship with the clients.
AI and big data are already realities, but there are also new data-based technologies with profound legal implications, for instance, cloud computing provides critical advantages where the law firms witness cloud as the scalable and efficient way to deploy advanced legal technology tools without the need for a substantial upfront capital investment in software, hardware, or support services.
The use of legal libraries applications such as LawSauce, NotaryCam, and iLegal Legislation have become common, helping people and lawyers to legal services in a hassle free manner. Legal firms are also providing in-house digital strategies, which is likely to impact the company people, activity, process, and culture.
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Legal Services Market Scope
Legal Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global legal services market size, by regions, 2018-2030 (US$M)
Top 10 countries: Legal services market size, 2023 (US$M)
Global legal services market share, by services, 2023 & 2030 (%, US$M)
Legal services market: Opportunity assessment by country
Global legal services market, by region, 2023 (US$M)
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