Legal Services in Sweden
Summary
Legal Services in Sweden 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 Swedish legal services market recorded revenues of $3.1 billion in 2024, representing a compound annual growth rate (CAGR) of 5.9% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 0.8% between 2019 and 2024, to reach a total of 15.0 thousand personnel in 2024.
- The Swedish market growth during 2019-24 is attributed to economic growth, the growing affordability of legal services backed by increasing income levels and employment, and the rising demand for legal services among individuals, businesses, and government entities. For instance, according to Statistics Sweden, nominal gross value added (GVA) in services in Sweden grew by 1.1% and 1.7% in 2023 and 2024, respectively.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the legal services market in Sweden
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the legal services market in Sweden
- 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 Sweden legal services market with five year forecasts
- What was the size of the Sweden legal services market by value in 2024?
- What will be the size of the Sweden legal services market in 2029?
- What factors are affecting the strength of competition in the Sweden legal services market?
- How has the market performed over the last five years?
- What are the main segments that make up Sweden'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. Mannheimer Swartling Advokatbyra AB
- 8.2. Advokatfirman Vinge KB
- 8.3. Gernandt & Danielsson Advokatbyra KB
- 8.4. Setterwalls Advokatbyra AB
- 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: Sweden legal services market value: $ billion, 2019-24
- Table 2: Sweden legal services market geography segmentation: $ billion, 2024
- Table 3: Sweden legal services market value forecast: $ billion, 2024-29
- Table 4: Mannheimer Swartling Advokatbyra AB: Key Facts
- Table 5: Advokatfirman Vinge KB: Key Facts
- Table 6: Advokatfirman Vinge KB: Key Employees
- Table 7: Gernandt & Danielsson Advokatbyra KB: Key Facts
- Table 8: Gernandt & Danielsson Advokatbyra KB: Key Employees
- Table 9: Setterwalls Advokatbyra AB: Key Facts
- Table 10: Sweden Size of Population (Million), 2020-24
- Table 11: Sweden Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 12: Sweden GDP (Current Prices, $ Billion), 2020-24
- Table 13: Sweden Inflation, 2020-24
- Table 14: Sweden Consumer Price Index (Absolute), 2020-24
- Table 15: Sweden Exchange Rate, 2019-24
- List of Figures
- Figure 1: Sweden legal services market value: $ billion, 2019-24
- Figure 2: Sweden legal services market geography segmentation: % share, by value, 2024
- Figure 3: Sweden legal services market value forecast: $ billion, 2024-29
- Figure 4: Forces driving competition in the legal services market in Sweden, 2024
- Figure 5: Drivers of buyer power in the legal services market in Sweden, 2024
- Figure 6: Drivers of supplier power in the legal services market in Sweden, 2024
- Figure 7: Factors influencing the likelihood of new entrants in the legal services market in Sweden, 2024
- Figure 8: Factors influencing the threat of substitutes in the legal services market in Sweden, 2024
- Figure 9: Drivers of degree of rivalry in the legal services market in Sweden, 2024
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