Europe Legal Services Market Size & Outlook, 2023-2030
Europe legal services market, 2018-2030 (US$M)
Related Markets
Europe legal services market highlights
- The Europe legal services market generated a revenue of USD 259.4 million in 2023.
- The market is expected to grow at a CAGR of 4% 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.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 259.4 million |
| Market revenue in 2030 | USD 340.9 million |
| Growth rate | 4% (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 |
| 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, Europe region accounted for 25.9% of the global legal services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 379.8 million by 2030.
Corporate was the largest segment with a revenue share of 40.32% in 2023. Horizon Databook has segmented the Europe 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.
Europe has seen significant growth in the legal services market over the past few years. The key drivers of growth in the European legal services market has been the increasing complexity of legal requirements, both in domestic and international settings. This has led to a growing demand for legal expertise and specialized services.
Additionally, the rise of international trade has created new opportunities for law firms to provide cross-border legal services, further boosting growth in the market. Another factor contributing to the growth of the European legal services market is the adoption of technology by law firms.
Many firms are investing in digital solutions to streamline their operations, improve their service delivery, and enhance their clients experience. For example, some firms are using artificial intelligence (AI) and machine learning to automate routine tasks, such as contract review and due diligence, allowing lawyers to focus on more complex legal work.
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Legal Services Market Scope
Legal Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe legal services market size, by country, 2018-2030 (US$M)
Europe Legal Services Market Outlook Share, 2023 & 2030 (US$M)
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