How big is the legal services market?

USD 849.28 billion
The global legal services market size was estimated at USD 849.28 billion in 2020 and is expected to reach USD 882.06 billion in 2021.

Is the legal market growing?

The legal services market reached a value of nearly $713.7 billion in 2020, having increased at a compound annual growth rate (CAGR) of 3.4\% since 2015. The market is expected to grow from $713.7 billion in 2020 to $908.26 billion in 2025 at a rate of 4.9\%.

What are the biggest legal markets in the world?

The American legal market is the largest in the world with cumulative revenues of about USD 2 trillion dollars from 2012 to 2018. The industry is expected to grow from USD 313.1 billion in 2018 to over USD 344 billion in 2023.

Is a law firm a service industry?

Firms in this industry provide the services of lawyers and other legal practitioners to individuals, businesses, government agencies, and nonprofits. In addition to offices of lawyers, the industry includes establishments that provide paralegal, notary public, process serving, and patent agent services.

How big is the legal sector in the UK?

As of the fourth quarter of 2020 there were approximately 239.4 thousand people employed as legal professionals in the United Kingdom compared with 189.3 thousand in the first quarter of 2010.

How many lawyers are there globally?

This statistic displays the total number of lawyers working at the leading 100 law firms in the world between 2015 and 2019. In 2019, there were just over 149,800 lawyers working at the leading 100 law firms worldwide.

What is legal service sector?

The legal services sector in India is composed of three distinct sub-sectors: Lawyers providing sophisticated, oftentimes cross-border legal work to corporate clients. Lawyers providing primarily domestic legal services to individuals and small business, and.

How many legal professionals are there in the UK?

The chart below shows the trend in the number of practising solicitors (those holding practising certificates) in England and Wales. There are currently 156,928 practising solicitors.

How much is the legal sector worth?

The global legal industry is fast-growing: in 2015, it was valued at USD 786 billion, USD 886 billion by 2018 and is expected to exceed USD 1 trillion by 2021. The United States and Europe dominate the legal industry, with the former accounting for more than half of the global market revenue.

Which country has the most lawyers per 100 000 population?

The 2010 statistics reflect a relative shortage of judges in Israel, taking into consideration the country’s population, the number of lawyers and the volume of civil files in the judicial system. On the other hand, Israel tops the list in the number of attorneys, with 585 per 100,000 residents.

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