Legal Services Market Size, Share & Trends Analysis Report By Services (Taxation, Real Estate, Litigation, Bankruptcy, Labor/Employment, Corporate), By Firm Size (Large, Medium, Small), By Provider, And Segment Forecasts, 2023 - 2030

Legal Services Market Size, Share & Trends Analysis Report By Services (Taxation, Real Estate, Litigation, Bankruptcy, Labor/Employment, Corporate), By Firm Size (Large, Medium, Small), By Provider, And Segment Forecasts, 2023 - 2030


Legal Services Market Growth & Trends

The global legal services market size is anticipated to reach USD 1,362.81 billion by 2030, growing at a CAGR of 4.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rapid growth can be attributed to increasing globalization and the expansion of in-house legal departments in the corporate sector. The increasing prevalence of economic crimes, such as fraud and cybercrimes is fueling the demand for legal services around the globe. On the other hand, businesses are increasingly employing Alternate Legal Service Providers (ALSPs) for routine legal services, further creating growth opportunities for the market.

There is an increasing trend of building in-house legal departments across large enterprises, while small and medium-sized enterprises are turning towards consulting firms to reduce legal costs. This significant focus on legal services in the corporate sector has contributed to its substantial market share throughout the historic and forecast period. Rising demand for legal services associated with intellectual property in the corporate sector is projected to further boost demand for legal services in upcoming years.

Litigation funding or financing is one of the fastest-growing trends in the global legal services industry. A third party provides financial assistance to a litigant in this mechanism. It is the practice where a third party unrelated to the lawsuit offers capital to a litigant involved in litigation in return for a portion of financial recovery from the lawsuit. This type of funding helps enhance the winning chances for litigants who may not have the financial resources to pursue their claims against better-funded and larger defendants.

In recent years, litigation funding has grown rapidly and become more mainstream. HMR Servicing, Fair Rate Funding, Fast Funds, and USClaims are some of the litigation funding firms that specialize in providing capital to litigants and law firms involved in litigation. Further, large law firms collaborate with smaller firms to enhance their litigation service offerings. For instance, in July 2023, Womble Bond Dickinson partnered with Simmonds & Narita L.P., a boutique litigation firm, to enhance the dispute resolution and litigation practice rate of Womble Bond Dickinson.

Legal Services Market Report Highlights
  • Corporate is projected to be the leading service segment over the forecast period, as arguments over harassment of employees, and organizational discrimination audits, and copyright violation & patent infringement continue to rise
  • The private practicing attorneys provider segment is predicted to grow significantly throughout the forecast period due to expanded opportunities for attorneys in both large and small and mid-sized businesses
  • Law firms are modifying their hiring practices to meet the changing needs of their customers. In addition, law firms are partnering with professional service providers to deliver unified, diverse services to their clients
  • Asia Pacific has experienced exponential growth fueled by the rise in demand for legal services due to the increase in cross-border transactions and the growing complexity of business transactions
Please note The report will be delivered in 4-8 business days upon order notification.


Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
1.3.1 Information Analysis
1.3.2 Market Formulation & Data Visualization
1.3.3 Data Validation & Publishing
1.4 Research Scope and Assumptions
1.4.1 List Of Data Sources
Chapter 2 Executive Summary
2.1 Legal Services Market Snapshot
2.2 Legal Services - Segment Snapshot (1/2)
2.3 Legal Services - Segment Snapshot (2/2)
2.4 Legal Services - Competitive Landscape Snapshot
Chapter 3 Legal Services Market Overview
3.1 Market Lineage Outlook
3.2 Value Chain Analysis
3.3 Market Dynamics
3.3.1 Market Driver Analysis
3.3.2 Market Restraint Analysis
3.3.3 Market Opportunity Analysis
3.3.4 Market Challenges Analysis
3.4 Industry Analysis Tools
3.4.1 Porter’s Analysis
3.4.2 Macroeconomic Analysis
3.5 Legal Services Market - COVID-19 Impact Analysis
Chapter 4 Legal Services Market: Service Type Estimates & Trend Analysis
4.1 Service Type Movement Analysis & Market Share, 2022 & 2030
4.2 Legal Services Market Estimates & Forecast, By Service Type (USD Billion)
4.2.1 Taxation
4.2.2 Real Estate
4.2.3 Litigation
4.2.4 Bankruptcy
4.2.5 Labor/Employment
4.2.6 Corporate
Chapter 5 Legal Services Market: Firm Size Estimates & Trend Analysis
5.1 Firm Size Movement Analysis & Market Share, 2022 & 2030
5.2 Legal Services Market Estimates & Forecast, By Firm Size (USD Billion)
5.2.1 Large Firms
5.2.2 Medium Firms
5.2.3 Small Firms
Chapter 6 Legal Services Market: Provider Estimates & Trend Analysis
6.1 Provider Movement Analysis & Market Share, 2022 & 2030
6.2 Legal Services Market Estimates & Forecast, By Provider (USD Billion)
6.2.1 Private Practicing Attorneys
6.2.2 Legal Business Firms
6.2.3 Government Departments
6.2.4 Others
Chapter 7 Regional Estimates & Trend Analysis
7.1 Legal Services Market: Regional Outlook
7.2 North America
7.2.1 North America Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.2.2 U.S.
7.2.2.1 U.S. Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.2.3 Canada
7.2.3.1 Canada Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.3 Europe
7.3.1 Europe Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.3.2 UK
7.3.2.1 UK Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.3.3 Germany
7.3.3.1 Germany Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.3.4 France
7.3.4.1 France Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.3.5 Italy
7.3.5.1 Italy Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.3.6 Spain
7.3.6.1 Spain Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.4 Asia Pacific
7.4.1 Asia Pacific Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.4.2 China
7.4.2.1 China Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.4.3 Japan
7.4.3.1 Japan Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.4.4 India
7.4.4.1 India Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.4.5 South Korea
7.4.5.1 South Korea Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.5 Latin America
7.5.1 Latin America Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.5.2 Brazil
7.5.2.1 Brazil Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.5.3 Argentina
7.5.3.1 Argentina Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.5.3 Chile
7.5.3.1 Chile Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.6 Middle East and Africa
7.6.1 Middle East And Africa Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
7.6.2 South Africa
7.6.2.1 South Africa Legal Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Chapter 8 Legal Services Market - Competitive Landscape
8.1 Recent Developments & Impact Analysis, By Key Market Participants
8.1.1 Baker McKenzie LLP
8.1.2 Clifford Chance
8.1.3 Deloitte
8.1.4 DLA Piper LLP
8.1.5 Ernst & Young Global Limited
8.1.6 Kirkland & Ellis LLP
8.1.7 KPMG
8.1.8 Latham & Watkins
8.1.9 PwC
8.1.10 Skadden, Arps, Slate, Meagher & Flom LLP
8.2 Company Categorization
8.3 Participant’s Overview
8.4 Financial Performance
8.5 Product Benchmarking
8.6 Company Market Positioning
8.7 Company Market Share Analysis, 2022
8.8 Company Heat Map Analysis
8.9 Strategy Mapping
8.9.1 Expansion/Divestiture
8.9.2 Mergers & Acquisition
8.9.3 Collaborations/Partnerships
8.9.4 New Product Launches
8.9.5 Investments

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings