Brazil Legal Services Market Size & Outlook, 2023-2030
Brazil legal services market, 2018-2030 (US$M)
Related Markets
Brazil legal services market highlights
- The Brazil legal services market generated a revenue of USD 25.3 million in 2023 and is expected to reach USD 39.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, corporate was the largest revenue generating services in 2023.
- Corporate is the most lucrative services segment registering the fastest growth during the forecast period.
Legal services market data book summary
| Market revenue in 2023 | USD 25.3 million |
| Market revenue in 2030 | USD 39.9 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Corporate |
| Fastest growing segment | Corporate |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Taxation, Real Estate, Litigation, Bankruptcy, Labor/Employment, Corporate |
| Key market players worldwide | Deloitte, Ernst & Young Global Consulting Services, Kirkland's Inc, PwC, Baker & McKenzie, Clifford Chance, DLA Piper, KPMG, Latham & Watkins, Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.5% of the global legal services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil legal services market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 39.9 million by 2030.
Corporate was the largest segment with a revenue share of 31.62% in 2023. Horizon Databook has segmented the Brazil 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.
The legal services market in Brazil has experienced significant growth in recent years, driven in part by the country's expanding economy and the increasing need for specialized legal expertise. With a population of over 200 million people and a rapidly developing economy, Brazil has become an attractive market for legal firms seeking to expand their practices.
The key factors contributing to the growth of the legal services market in Brazil is the increasing demand for specialized legal services. As the country's economy has grown and become more complex, businesses and individuals have faced a wide range of legal issues that require specialized expertise.
In addition, the Brazilian government has undertaken efforts to modernize the country's legal system, creating new opportunities for legal firms to provide services to a wider range of clients. This has helped to boost the overall demand for legal services in the country.
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Legal Services Market Scope
Legal Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil legal services market size, by services, 2018-2030 (US$M)
Brazil Legal Services Market Outlook Share, 2023 & 2030 (US$M)
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