Legal services companies advise clients
(individuals or corporations) about their legal rights and responsibilities,
and represent clients in civil or criminal cases, business transactions and
other matters in which legal advice and other assistance are sought.
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The global legal service market is valued at $849 billion in
2017. Main driver of the market is globalization as many domestic law firms are
entering into new markets, thereby eliminating boundaries on the geographic
scope of law practice. North America was the largest region in the market in
2017.
The legal services in The Business Research Company’s report are
split into three segments. Civil law practices segment takes up the major share
of the market accounting for 90% of
market share, while criminal law practices
and other services segment equally share the remaining market.
The USA was the largest country in the legal service provider
market in 2017, accounting for two-fifths of the market share. This was mainly due to increase in
demand for services related to real estate law, family and estate law, and criminal law. The
USA was followed by UK and Germany.
The
top four companies in the market are
Deloitte, Latham & Watkins, Baker & McKenzie, and DLA Piper USA which made up around 2% of the total market share in 2017.
Deloitte was the biggest player in the legal services market in 2017. It is
currently headquartered in New York, USA. The company has 225,400 employees as
of 2015. It offers legal services like Audit, Consulting, Risk Advisory,
Financial Advisory, Legal, and Tax.
About The Business Research Company.
The Business Research Company is a Business Intelligence Company
which excels in company, market and consumer research. It has offices in the
UK, the US and India and a network of trained researchers in 15 countries
globally.
Contact Information.
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Research Company
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