China Legal Services Market Size & Outlook, 2023-2030
China legal services market, 2018-2030 (US$M)
Related Markets
China legal services market highlights
- The China legal services market generated a revenue of USD 114.4 million in 2023 and is expected to reach USD 172.1 million by 2030.
- The China market is expected to grow at a CAGR of 6% 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 114.4 million |
| Market revenue in 2030 | USD 172.1 million |
| Growth rate | 6% (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, China accounted for 11.4% 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 Asia Pacific, China legal services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 37.4 million by 2030.
Corporate was the largest segment with a revenue share of 37.76% in 2023. Horizon Databook has segmented the China 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 China has experienced significant growth in recent years. This growth can be attributed to several factors, including the country's expanding economy and the increasing complexity of legal issues faced by businesses and individuals.
The key drivers of growth in the legal services market have been the government's efforts to modernize and reform the country's legal system. These reforms have created new opportunities for legal firms to provide services to a wider range of clients, including both domestic and international businesses.
Another important factor contributing to the growth of the legal services market in China 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.
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Legal Services Market Scope
Legal Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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China legal services market size, by services, 2018-2030 (US$M)
China Legal Services Market Outlook Share, 2023 & 2030 (US$M)
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