U.S. Legal Services Market Size & Outlook, 2023-2030
U.S. legal services market, 2018-2030 (US$M)
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U.S. legal services market highlights
- The U.S. legal services market generated a revenue of USD 384.4 million in 2023 and is expected to reach USD 456.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 2.5% 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 384.4 million |
| Market revenue in 2030 | USD 456.4 million |
| Growth rate | 2.5% (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, U.S. accounted for 38.4% 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 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 U.S. 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 growth can be credited to the increasing need for legal services across small to large-scale enterprises. They provide a wide range of services, including protection of business owners personal assets, protection of the enterprise against discrimination, dealing with employee contracts, wrongful termination, copyright claims, incorporation, etc.
The rising need among businesses to comply with regulations and remain competitive is positively influencing the U.S. legal services industry. The legal industry in the U.S. is witnessing a significant transformation in terms of practice model and technological adoption.
Legal service firms are inclined to improve their processes through Artificial Intelligence (AI), Big Data analytics, automation tools, team collaboration platforms, cloud computing, etc., to gain a competitive edge in the market.
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Legal Services Market Scope
Legal Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. legal services market size, by services, 2018-2030 (US$M)
U.S. Legal Services Market Outlook Share, 2023 & 2030 (US$M)
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