Dublin, Nov. 18, 2021 (GLOBE NEWSWIRE) — The "Legal Services Market Size, Share & Trends Analysis Report By Services (Taxation, Real Estate, Litigation, Bankruptcy, Labor/Employment, Corporate), By Firm Size, By Provider, And Segment Forecasts, 2021 – 2028" report has been added to ResearchAndMarkets.com's offering.
The global legal services market size is anticipated to reach USD 1,196.01 billion by 2028, exhibiting a CAGR of 4.4%
The growing use of latest technologies in offering legal services is expected to drive the market growth. A strong emphasis on ensuring transparency in the relationship with clients is also expected to drive the growth of the market.
Law firms are increasingly adopting chatbots to aid in optimizing the work process and save time and costs for themselves as well as their clients. Chatbots can help law firms in digitizing the information and searching for lawyer-specific documents, among other tasks. Chatbots can also help in following up with non-responsive clients and seeking the required information through automated conversations.
Law firms are exploring different ways to help their clients in reducing exposure to risks and the costs incurred on compliances by aiding them in better management of information, thereby paving the way for adopting document automation software in legal services.
Document automation software takes end users through a questionnaire to collect relevant data and direct them throughout the entire document creation process. Such an approach relieves the end users from the tedious process of understanding the terminologies appearing in the document.
Social networking holds significant potential to transform the way legal services are delivered. As such, law professionals are adopting various social media tools to accomplish a myriad of legal tasks as well as pursuing their career objectives. Social networking platforms, including LinkedIn, Facebook, and Twitter, are particularly helping law professionals in reaching a larger audience.
Legal Services Market Report Highlights
The corporate segment is expected to emerge as the fastest-growing segment over the forecast period as disputes over organizational audits, discrimination and harassment of employees, copyright violation, and patent infringement continue to rise
The private practicing attorneys segment is expected to witness substantial growth over the forecast period owing to the increased opportunities for attorneys in large enterprises as well as small- & mid-sized enterprises
Law firms are changing their hiring patterns in line with the evolving requirements of the clients
Law firms are collaborating with professional service providers to offer unified multi-disciplinary services to their clients
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Legal Services Industry Snapshot & Key Buying Criteria, 2018 – 2028
Chapter 3. Legal Services Market Variables, Trends & Scope
3.1. Market Size and Growth prospects
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
184.108.40.206. Technological disruptions in the legal industry
220.127.116.11. Rise in the number of Alternative Legal Service Providers (ALSPs)
3.3.2. Market restraint analysis
18.104.22.168. Regulatory challenges in the legal industry
3.4. Business Environment Analysis Tools
3.4.1. Industry analysis – Porter's
3.4.2. PEST analysis
3.5. Penetration and Growth Prospects Mapping
Chapter 4. Legal Services Market – Competitive Analysis
4.1. Recent Developments & Impact Analysis, By Key Market Participants
4.2. Key Company Categorization (Key Innovators, Market Leaders, and Emerging Players)
4.3. Key Company Market Share Analysis, 2020
4.4. Public Companies
4.4.1. Company market position analysis
4.4.2. Company market share/ranking, by region
4.5. Private Companies
4.5.1. List of key emerging companies /technology disruptors/innovators
4.5.2. Company market position analysis
Chapter 5. Legal Services Market: Services Estimates & Trend Analysis
5.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 – 2028 (USD Billion)
5.2. Legal Services Market: Services Movement Analysis, 2020 & 2028
5.2.2. Real estate
Chapter 6. Legal Services Market: Firm Size Estimates & Trend Analysis
6.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 – 2028 (USD Billion)
6.2. Legal Services Market: Firm Size Movement Analysis, 2020 & 2028
6.2.1. Large firms
6.2.2. Medium firms
6.2.3. Small firms
Chapter 7. Legal Services Market: Provider Estimates & Trend Analysis
7.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 – 2028 (USD Billion)
7.2. Legal Services Market: Provider Movement Analysis, 2020 & 2028
7.2.1. Private practicing attorneys
7.2.2. Legal business firms
7.2.3. Government departments
Chapter 8. Legal Services Market: Regional Estimates & Trend analysis
8.1. Market Size Estimates & Forecasts and Trend Analysis, 2018 – 2028 (USD Billion)
8.2. Legal Services Market Share by Region, 2020 & 2028
Chapter 9. Competitive Landscape
9.1. Company overview
9.2. Financial performance
9.3. Product benchmarking
9.4. Recent developments
Baker & McKenzie
Clifford Chance LLP
Ernst & Young (E&Y)
Kirkland & Ellis LLP
Latham & Watkins LLP
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
For more information about this report visit https://www.researchandmarkets.com/r/j539tn
(Bloomberg) — Private-equity firm Cinven Ltd. has agreed to make a significant investment in technology services provider Nitel, according to a statement reviewed by Bloomberg. Most Read from BloombergStartup Fever Is Gripping the World’s Last Big Untapped NationHong Kong's New Museum Tries to Please Art World — and BeijingA Denser City, But at What Cost?An Oil Company Went Up in Flames, Burning Lenders and the PlanetElizabeth Holmes Faces Last-Ditch Chance to Testify at TrialWhile terms of the
Shares of Nvidia Corp surged 12% on Thursday, taking the chipmaker closer to the $1 trillion valuation mark on hopes that it will get a boost from companies plowing billions of dollars into their "metaverses", the latest technology buzzword. The company's stock has been on a tear, especially after Meta Platforms, formerly Facebook, announced plans late in October to rebrand itself in a bid to build a metaverse around its widely used platforms. Nvidia on Wednesday forecast upbeat fourth-quarter results, betting on growth in its business that supplies chips to power artificial intelligence and the metaverse.
'The Big Short' guy is bearish. But not on this trio of plays.
Shares of industrial giant General Electric (NYSE: GE) — which is soon to be three industrial giants — closed Thursday's session down by 1.3%. You can thank JP Morgan for that. In a note out Thursday morning, JP Morgan analyst Stephen Tusa warned that there's a "mechanical flaw" in the valuations that other analysts have been positing for GE stock in the wake of the conglomerate's decision to divide itself into three independent companies.
Shares of telehealth specialist Teladoc Health (NYSE: TDOC) took a hit on Thursday. Teladoc guided for fiscal 2022 revenue of $2.6 billion, up from analysts' forecast for just over $2 billion in revenue this fiscal year. This forecast was slightly ahead of analysts' average forecast for fiscal 2022 revenue of $2.58 billion.
It's been a rough week so far for Canadian cannabis stocks. Shares of Canopy Growth (NASDAQ: CGC) were plunging 19.1% for the week as of the market close on Thursday, according to data from S&P Global Market Intelligence. Cronos Group (NASDAQ: CRON) stock was down 22%.
The Dow Jones fell even as Apple popped on an EV car report. Nvidia surged. The Trump SPAC fell amid calls for an SEC probe.
In this article, we discuss the 10 dividend stocks in Warren Buffett’s latest portfolio. If you want to skip our detailed analysis of these stocks, go directly to the 5 Dividend Stocks in Warren Buffett’s Latest Portfolio. Warren Buffett, the Omaha-born chief of Berkshire Hathaway, has become a global brand over the years due to […]
What happened Shares of Rivian Automotive (NASDAQ: RIVN) fell 15% on Thursday, furthering a downward slide in the electric vehicle maker's share price that began earlier this week. So what Rivian certainly made a splash in its public market debut on Nov.
CVS Health is planning to close approximately 300 stores a year for the next three years, prompting the store to lower its end-of-year guidance. The store closures are a bid by CVS to restructure the company’s brick-and-mortar retail operations to adapt to changing consumer behavior, which favors retailers with effective digital channels as well as physical presence. “Investors are reacting positively to the entire new approach that CVS is taking which is, at its core, about making health services convenient and accessible in a consumer-friendly way,” said Jennifer Foster, Chilton Trust co-chief investment officer.
Yahoo Finance's Ines Ferre details some stocks on the move in midday trading.
Instead, the issues arise from fuboTV's profit margins — or lack thereof. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Let's look closer at two reasons the market is concerned about fuboTV.
'The king of hedge funds' says the US is on the wrong path. But he likes these stocks.
When more than half Warren Buffett stocks lag the S&P 500 this year — you wish you owned a whole lot more of the winners.
(Bloomberg) — Applied Materials Inc., the biggest maker of machinery used to manufacture semiconductors, slumped in late trading after supply-chain constraints forced it to give a downbeat forecast. Most Read from BloombergStartup Fever Is Gripping the World’s Last Big Untapped NationA Denser City, But at What Cost?An Oil Company Went Up in Flames, Burning Lenders and the PlanetHong Kong's New Museum Tries to Please Art World — and BeijingElizabeth Holmes Faces Last-Ditch Chance to Testify at T
Ford formed an alliance with chip maker to produce semiconductors in the U.S.
These two stocks are built on artificial intelligence, and this foundation could enable them to redefine their space.
Shares of tech giant Apple (NASDAQ: AAPL) got an unexpected bump in stock price Thursday after Bloomberg reported that the company is "pushing to accelerate development of its electric car" and "refocusing the project around full self-driving capabilities." Apple Watch software executive Kevin Lynch is spearheading the Apple effort, reports Bloomberg, and "targeting a launch of its self-driving car in four years." Bloomberg notes that industry insiders who've been monitoring Apple's efforts in this field had anticipated it would take Apple more like five to seven years to put a self-driving car on the road.
A carefully selected dividend stock portfolio can outrun inflation. 3 ideas to consider.
Yahoo Finance's Jared Blikre breaks down the day's latest stock moves and cryptocurrency price action.