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Size of the global legal services market 2013-2021

Size of the legal services market worldwide from 2013 to 2021 (in billion U.S. dollars)

by E. Mazareanu, last edited Sep 18, 2019
Size of the global legal services market 2013-2021 In 2021, the global legal services market is projected to exceed one trillion U.S dollars. This is an increase from 849 billion U.S. dollars in 2017.

Legal services

The legal services market includes both dedicated law firms and in-house legal teams. Developed countries dominate the industry; in 2018, the United States accounted for almost half of the global market and Europe for just over one quarter. However, growth in the Asian market is expected to outpace that of North America and Europe over coming years. Some analysts link this to growth in the Chinese market and the increasing outsourcing of legal services by North American and European companies to countries with lower costs (notably India).

Technology in legal services

Jobs in the legal services industry may be impacted by technological advancements. Around half of U.S. law firms reported using technology to replace human resources – a figure that has remained constant for the last three years. A similar story applies to in-house legal teams, with just over half of U.S. companies reporting in a 2018 survey that they use technology-assisted document reviews and around 30 percent reported automating legal processes. Moreover, industry responses to technology seem to be positive. In a 2018 survey of senior lawyers in Singapore, an overwhelming majority agreed that legal technology improves service delivery, reduces costs and is crucial to the future of the industry.
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Size of the legal services market worldwide from 2013 to 2021 (in billion U.S. dollars)

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