Global Legal Services Market Opportunities and Strategies to 2021 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 27, 2018--The “Legal Services Global Market Opportunities And Strategies To 2021” report has been added to ResearchAndMarkets.com’s offering.
The global market grew at 4% a year up to 2017, driven mainly by emerging market growth and restrained mainly by regulatory challenges. Up to 2021, the market will grow a little faster, driven by geopolitics, as changes in the legal structure of interstate agreements increases the demand for legal services, while growing competition from in-house legal teams will restrain the market.
Rapid progress in technology is a significant trend in the legal services market. It has led to the development of new applications for the legal services industry. These applications help legal services firms enhance their productivity, provide innovative product offerings such as cyber-crime consulting services and improve their service quality. Smartphones, Software-as-a service and secure, web-based technology allow legal professionals to work from remote locations and, for instance access law reports during visits to clients.
The global legal services market is highly fragmented with many small as well as some larger firms. Latham & Watkins was the largest competitor in the legal services market in 2017, with 0.3% of the market, followed by Kirkland & Ellis, Baker & McKenzie, Skadden, Arps, Slate, Meagher & Flom and DLA Piper.
There has been an increase in the number of mergers and acquisitions of law firms in the past five years, as companies seek to expand their operations in certain geographic markets, add to their field of expertise, offer specialized services, or acquire a skilled workforce.
There were 91 mergers and acquisitions in 2015, which also saw one very large law firm merger, that between Dentons and Dacheng.
Key Topics Covered:Introduction Executive Summary Legal Services Market Characteristics Global Legal Services Market Size and Growth Porter’s Five Forces Model PESTEL Analysis Legal Services Market Segmentation Legal Services Market Regional And Country Analysis Legal Services Market Competitive Landscape Global Legal Services Market Comparison with Macro Economic Factors Legal Services Customer and Operational Insights Key Mergers And Acquisitions In The Legal Services Market Legal Services Market Trends And Strategies Appendix
North America:Arps Baker McKenzie Cravath Swaine & Moore Hoskin & Harcourt Kirkland & Ellis Latham & Watkins Meagher & Flom Osler Skadden Slate
Western Europe:Advokatfirmaet Thommessen AS Advokatfirman Vinge KB Allen & Overy Borenius Castrn & Snellman Clifford Chance DLA Piper Hengeler Mueller and Fidal Linklaters Garrigues Wikborg Rein
Asia-Pacific:Allen & Gledhill LLP Amarchand & Mangaldas & Suresh A. Shroff & Co and Nishimura & Asahi Beijing Yingke Law Firm Dacheng Law Offices Kim & Chang Rajah & Tann Tilleke & Gibbins ZICO Law
South America:Demarest Advogados Lobo de Rizzo Advogados Pinheiro Guimares
Eastern Europe:Dentons Egorov Puginsky Afanasiev & Partners Pepeliaev Group VJT & Partners Law Firm
Middle East:Al Tamimi & Company Clyde & Co LLP Edward Nathan Sonnenbergs Herzog Fox & Neeman Yigal Arnon & Co
Africa:GB Attorneys B M Musau & Company Bitala & Co Advocates Bowmans Cliffe Dekker Hofmeyr Dentons Erward Nathan Sonnenbergs Norton Rose Fulbright South Africa Webber Wentzel
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INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Research and Markets
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PUB: 09/27/2018 05:48 AM/DISC: 09/27/2018 05:48 AM