Legal Services in Asia-Pacific
Summary
Legal Services in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Legal services market refers to the industry that involves professionals and firms offering legal counsel, support, and representation in different areas of law. Industry scope covers a wide range of legal fields such as commercial, criminal, family, labor, taxation, insolvency, legal aid, and other specialized areas, catering to the diverse needs of clients seeking legal support. Market value refers to the revenue generated by law firms in a year for the services they provide, including all relevant taxes. Market volume represents the total number of legal professionals in a country during a specific year.
- The Asia-Pacific legal services market recorded revenues of $125.5 billion in 2024, representing a compound annual growth rate (CAGR) of 5.8% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 4.9% between 2019 and 2024, to reach a total of 3,690.9 thousand personnel in 2024.
- The Asia-Pacific market accounted for 14.3% of the global legal services market.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the legal services market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the legal services market in Asia-Pacific
- Leading company profiles reveal details of key legal services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific legal services market with five year forecasts
- What was the size of the Asia-Pacific legal services market by value in 2024?
- What will be the size of the Asia-Pacific legal services market in 2029?
- What factors are affecting the strength of competition in the Asia-Pacific legal services market?
- How has the market performed over the last five years?
- What are the main segments that make up Asia-Pacific's legal services market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Geography segmentation
- 1.4. Market rivalry
- 1.5. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What have been the most recent market developments?
- 8 Company Profiles
- 8.1. Allens Operations Pty Ltd
- 8.2. Clifford Chance LLP
- 8.3. Ashurst LLP
- 8.4. Herbert Smith Freehills
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Asia-Pacific legal services market value: $ billion, 2019-24
- Table 2: Asia-Pacific legal services market geography segmentation: $ billion, 2024
- Table 3: Asia-Pacific legal services market value forecast: $ billion, 2024-29
- Table 4: Allens Operations Pty Ltd: Key Facts
- Table 5: Allens Operations Pty Ltd: Key Employees
- Table 6: Clifford Chance LLP: Key Facts
- Table 7: Clifford Chance LLP: Key Employees
- Table 8: Clifford Chance LLP: Key Employees Continued
- Table 9: Ashurst LLP: Key Facts
- Table 10: Ashurst LLP: Key Employees
- Table 11: Herbert Smith Freehills: Key Facts
- Table 12: Herbert Smith Freehills: Key Employees
- Table 13: Asia-Pacific Exchange Rate, 2019-24
- List of Figures
- Figure 1: Asia-Pacific legal services market value: $ billion, 2019-24
- Figure 2: Asia-Pacific legal services market geography segmentation: % share, by value, 2024
- Figure 3: Asia-Pacific legal services market value forecast: $ billion, 2024-29
- Figure 4: Forces driving competition in the legal services market in Asia-Pacific, 2024
- Figure 5: Drivers of buyer power in the legal services market in Asia-Pacific, 2024
- Figure 6: Drivers of supplier power in the legal services market in Asia-Pacific, 2024
- Figure 7: Factors influencing the likelihood of new entrants in the legal services market in Asia-Pacific, 2024
- Figure 8: Factors influencing the threat of substitutes in the legal services market in Asia-Pacific, 2024
- Figure 9: Drivers of degree of rivalry in the legal services market in Asia-Pacific, 2024
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