Canada Legal Services Market Size & Outlook, 2023-2030
Canada legal services market, 2018-2030 (US$M)
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Canada legal services market highlights
- The Canada legal services market generated a revenue of USD 19.8 million in 2023 and is expected to reach USD 28.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, litigation 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 19.8 million |
| Market revenue in 2030 | USD 28.1 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Litigation |
| 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, Canada accounted for 2.0% 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 North America, U.S. legal services market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 28.1 million by 2030.
Litigation was the largest segment with a revenue share of 29.29% in 2023. Horizon Databook has segmented the Canada 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.
Canada's legal service market is experiencing growth due to several factors, including the increasing complexity of legal matters, the globalization of business, and the adoption of technology solutions. Canadian law firms are expanding their services and hiring more lawyers to cater to the needs of their clients.
Additionally, the increasing use of technology in the delivery of legal services has led to the adoption of AI-powered tools to streamline workflows and improve efficiency. This has resulted in increased demand for legal services from both corporate and individual clients in Canada.
The legal service market in Canada is also characterized by a high degree of specialization, with law firms offering services in areas such as intellectual property law, healthcare law, and environmental law. Moreover, Canada's strong and stable economy is also driving the growth of the legal service market in the country.
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Legal Services Market Scope
Legal Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada legal services market size, by services, 2018-2030 (US$M)
Canada Legal Services Market Outlook Share, 2023 & 2030 (US$M)
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