United States (US) Legal Services Market Summary, Competitive Analysis and Forecast to 2027

United States (US) Legal Services Market Summary, Competitive Analysis and Forecast to 2027
Summary

Legal Services in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key HighlightsThe legal services market includes practitioners of law operating in every sector of the legal spectrum. These include but are not limited to, commercial, criminal, legal aid, insolvency, labor/industrial, family, and taxation law.The US legal services market had total revenues of $353.0 billion in 2022, representing a compound annual growth rate (CAGR) of 3.5% between 2017 and 2022.Market volume increased with a CAGR of 0.7% between 2017 and 2022, to reach a total of 1.18 million law personnel in 2022.The market growth in 2022 is attributed to economic growth, the growing affordability of legal services backed by increasing income levels and employment, population growth, and rising demand for legal services among individuals, businesses, and government entities.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the legal services market in the United StatesUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the legal services market in the United StatesLeading company profiles reveal details of key legal services market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the United States legal services market with five year forecasts by both value and volumeReasons to BuyWhat was the size of the United States legal services market by value in 2022?What will be the size of the United States legal services market in 2027?What factors are affecting the strength of competition in the United States legal services market?How has the market performed over the last five years?Who are the top competitors in the United States's legal services market?