The global Legal Services Market size is anticipated to reach USD 1,375.64 billion by 2030, growing at a CAGR of 4.5% from 2025 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.
List of Key Players in Legal Services Market
- Baker McKenzie LLP
- Clifford Chance
- Deloitte
- DLA Piper LLP
- Ernst & Young Global Limited (EY)
- Kirkland & Ellis LLP
- KPMG
- Latham & Watkins LLP
- PwC
- Skadden, Arps, Slate, Meagher & Flom LLP
Request a free sample copy or view report summary: Legal Services Market Report
Legal Services Market Report Highlights
- The corporate segment led the market in 2024, accounting for over
31% of the global revenue. This can be attributed to the increasing
complexity of business regulations and the need for companies to navigate
them effectively.
- The private practicing attorneys provider segment is predicted to
exhibit the fastest CAGR throughout the forecast period due to expanded
opportunities for attorneys in both large and small and mid-sized
businesses
- The large firms segment held the largest market revenue share in
2024. Large firms’ diversified range of services is attributed to this
large share.
- 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
Related Press Release@ Legal Services Industry Analysis
Legal Services Market Segmentation
Grand View Research has segmented the global legal
services market report based on service, firm size, provider, and region:
Legal Services Service Outlook (Revenue, USD Billion,
2018 - 2030)
- Taxation
- Real Estate
- Litigation
- Bankruptcy
- Labor/Employment
- Corporate
Legal Services Firm Size Outlook (Revenue, USD Billion,
2018 - 2030)
- Large Firms
- Medium Firms
- Small Firms
Legal Services Provider Outlook (Revenue, USD Billion,
2018 - 2030)
- Private Practicing Attorneys
- Legal Business Firms
- Government Departments
- Others
Legal Services Regional Outlook (Revenue, USD Billion,
2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- MEA
- UAE
- Saudi Arabia
- South Africa
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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