In 2021, the North American legal tech market generated revenues of 12.25 billion U.S. dollars, whilst the market in Europe generated 6.97 billion U.S. dollars in revenue. In 2022, both markets are expected to increase to 12.78 billion U.S. dollars and 7.18 billion U.S. dollars, respectively.
Legal tech market revenue worldwide from 2021 to 2027, by region
(in billion U.S. dollars)
Legal tech, or LawTech, refers to the use of technology and software to provide legal services and support the legal industry.
Out of scope: specific HR-services (HR-tech), and software for purely archiving/searching legal documents or contracts (legal-software).
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Statista. (August 10, 2022). Legal tech market revenue worldwide from 2021 to 2027, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 12, 2024, from https://www.statista.com/statistics/1155865/legal-tech-market-revenue-by-region-worldwide/
Statista. "Legal tech market revenue worldwide from 2021 to 2027, by region (in billion U.S. dollars)." Chart. August 10, 2022. Statista. Accessed November 12, 2024. https://www.statista.com/statistics/1155865/legal-tech-market-revenue-by-region-worldwide/
Statista. (2022). Legal tech market revenue worldwide from 2021 to 2027, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 12, 2024. https://www.statista.com/statistics/1155865/legal-tech-market-revenue-by-region-worldwide/
Statista. "Legal Tech Market Revenue Worldwide from 2021 to 2027, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Aug 2022, https://www.statista.com/statistics/1155865/legal-tech-market-revenue-by-region-worldwide/
Statista, Legal tech market revenue worldwide from 2021 to 2027, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1155865/legal-tech-market-revenue-by-region-worldwide/ (last visited November 12, 2024)
Legal tech market revenue worldwide from 2021 to 2027, by region (in billion U.S. dollars) [Graph], Statista, August 10, 2022. [Online]. Available: https://www.statista.com/statistics/1155865/legal-tech-market-revenue-by-region-worldwide/