Geographic Landscape. The legal services market size will gain the most in the USA at $72.9 billion. Key drivers of the legal services market include the shift towards digitization and increasing adoption of cutting . $730 billion, and it is expected to decline at approx. The growing use of latest technologies in offering legal services is expected to drive the market growth. The research studies contained in the worldwide market analysis study aid in evaluating a variety of critical . Figure 02: Global Legal Transcription Market Size and Y-o-Y Growth Rate . The legal AI software market to grow from USD 317 million in 2019 to USD 1,236 million by 2024, at a Compound Annual Growth Rate (CAGR) of 31.3% during forecast period. What is the total addressable market for Taken from a combination of public market sizing estimations* as shared in leading electronic discovery publications, posts, data points, and discussions, the following eDiscovery Market Size Mashup** shares general market sizing estimates for the software and services area of the electronic discovery market for the years . The market is . Chatbots help in digitizing information related to law firms and other processes. What is the total addressable market for Legal Process Outsourcing (LPO) Market size is set to surpass USD 30 billion by 2027, according to a new research report by Global Market Insights Inc. Legal Services Market 2022-2028 A New Market Study, Titled "Legal Services Market Upcoming Trends, Growth Drivers and Challenges" has been featured on fusionmarketresearch. The global Legal Process Outsourcing (LPO) Services market size is projected to reach USD 62820 Million by 2027, from USD 9971.6 Million in 2020, at a CAGR of 29.5% during 2021-2027. Description This global study of the Legal Services market offers an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. these factors together, as products of a legal services market that is evolv-ing from the growth stage into the mature stage. There is no set industry standard for segmenting the market. Personal Legal Services Market Outlook - 2027 The personal legal services market has experienced substantial growth in past few years, and is expected to grow at a significant rate during the forecast period. . The growing use of latest technologies in offering legal services is expected to drive the market growth. There is no set industry standard for segmenting the market. Finance and legal services - Market size and forecast 2020-2025. Global Legal Services Market Share by Regions (2015-2020) Table 11. The high cost of legal services in Europe, the U.S., and the UK will boost the LPO market demand. The legal industry isn't the only one in which the Big Four have to walk a delicate tightrope. Market size in terms of revenue from 2016 to 2028; Market size for each segment from 2016 to 2028, by Region; Purchase this report or a membership to unlock our data for this industry. Figure 01: Global Legal Transcription Market Size (US$ Mn) and Y-o-Y Growth Rate from 2022 - 2029. 10.3.4 UAE Legal Services Market Size and Forecast (2017-2028) 11 Research Findings and Conclusion 12 Appendix 12.1 Methodology 12.2 Research Process and Data Source 12.3 Disclaimer List of Tables Table 1. Rising number of organizations outsourcing their legal work to acquire . Hong Kong's legal services sector plays a pivotal role in satisfying the demand for professional services associated with mainland‑related investments. The LPO service provides legal support offered by attorneys and . (BRC, 2020) Meanwhile, online legal services in the United States have also grown with a market size of $9 billion as of 2020. Online Legal Services in the US. The majority (55%) of According to the research, the Online Legal Services mark . This most recent figure represents a . The Online Legal Services Platform market research study estimates general market conditions, market development prospects, potential restraints, major industry trends, market size, market share, sales volume, and future trends. However, in 2021, experts predict that the market is set to recover and reach a market size of $767.1 billion after the COVID-19 pandemic. The global legal services market size was accounted for USD 794.50 billion in 2018. The market size of China to expand at a growth rate of 9.9% from 2022 . The COVID-19 pandemic is expected to moderately impact the global intellectual property (IP) law firm services market for a short-term period. Legal Services Market 2022 Global Industry Research report presents an in-depth analysis of the Legal Services market size, growth, share, segments, manufacturers, and technologies, key. Also, Legal Process Outsourcing Services Market (By major key players, By Types, By Applications, and Leading Regions) Segments outlook, Business assessment, Competition scenario, Trends and Forecast by Upcoming Year's. Legal Transcription Market Report, Forecast to . The Global Legal Process Outsourcing Services Market is expected to display attractive market growth in forthcoming period. High demand for precise legal assistance at affordable costs is likely to drive the industry growth. The global legal services market. Part I summarizes the early history of law firms, including the rise of the Cravath System through the Golden Era of the 1960s. The legal process outsourcing market comprises outsourcing of legal services to law and corporate companies with legal costs and practices rising day after day. Online Legal Services Platform Market Size 2022 Global Trend, Industry News, Top Key Players Update, Industry Demand, Business Growth, Business Statistics and Research Methodology by Forecast to 2028 London, UK -- ( SBWIRE ) -- 04/28/2022 -- The Online Legal Services Platform Market Research Report is a tool for gaining an understanding of the . Legal Services Market 2022 Global Industry Research report presents an in-depth analysis of the Legal Services market size, growth, share, segments, manufacturers, and technologies, key. The global legal services market size is anticipated to reach USD 1,045.24 billion by 2025, exhibiting a CAGR of 4.1% over the forecast period, according to this report. The global legal services market is expected to grow from $712.93 billion in 2021 to $1112.56 billion in 2026 at a CAGR of 9.31 %. The U.S. alternative legal service providers market size to reach USD 18.83 billion by 2025, growing at a CAGR of over 23% during the forecast period. What are the regulations impacting the legal AI software market . The report also tracks . The report examines entities that provide legal services via models that depart from the traditional law firm delivery model. (BRC, 2020) Meanwhile, online legal services in the United States have also grown with a market size of $9 billion as of 2020. According to the latest available figures, the value of Hong Kong's exports of legal services amounted to US$424 million (HK$3.3 billion) in 2019, up 9.8% from the preceding year. Both estimates target mainly consultancy-based services. Table 7. According to the Bank of Canada, the Canadian economy is expected to grow 6% in 2021 and more modestly, at 4.5% in 2022. Spending on processing-related software and services is estimated to constitute approximately 19% ($2.07B) of worldwide eDiscovery software . Corporate, financial and commercial law. THE SIZE AND SCOPE OF THE ALSP MARKET Companies in law are utilizing chatbots for the time-saving and optimizing process of work. 2021 - 2026 Worldwide eDiscovery Software and Services Overview. The global legal services market size was valued at USD 849.28 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2021 to 2028. The demand for legal services has been constant for law attorneys in the past. WASHINGTON (AP) — The Department of Housing and Urban Development is doubling the size of its eviction protection program, designed to fund legal assistance for tenants seeking to stay in their homes. Overview; M&A . Legal Process Outsourcing Services Market 2022 this report is including with the COVID19 Outbreak Impact analysis of key points influencing the growth of the market. Chapter 6 Legal Services Market Segment Analysis by Region 6.1 Global Legal Services Market Size and CAGR by Region (2015-2030) 6.2 Global Legal Services Sales and Market Share by Region (2015 . Global Legal Services Revenue by Type, (USD Million), 2017 VS 2021 VS 2028 Market opportunity by Service. Final Report will add the analysis of the impact of COVID-19 on this B2B Legal Services industry.B2B Legal Services Market watch out for new highest revenue Study Reports 2021 with Top. Legal Process Outsourcing (LPO) Market size exceeded USD 8 billion in 2020 and is expected to grow at over 22% CAGR from 2021 to 2027. For the past decade (since the Great Recession), the market for legal services has been evolving toward a different The post Legal Service Provider Services Market Size 2022 Statistics, Share Price, Growth Prospects, Industry Trends, Approach Taken, Developed Methodology, Important Players, and Geographical . Law firms are represented by a battery of eminent lawyers and fresh talent leaving… Does it add up? Global Legal Services Market Size by Regions (2015-2020) (US$ Million) Table 10. The Legal Services Global Market Report 2021: COVID-19 Impact and Recovery To 2030 is one of a series of new reports from The Business Research Company that provides legal services market overviews, analyzes and forecasts market size, share, legal services market players, legal services market segments and geographies, market's leading . The revenues for alternative legal services providers market in US is expected to cross revenues of over $18 billion . Size of the legal market in the U.S. 2016, by category; Litigation/practice support personnel training in global legal departments 2016-2018; General counsels' most important factor when selecting . Market-trend-based strategies for the legal services market include engaging ALSPs for outsourcing purposes . Software with AI capabilities plays a vital role in enabling lawyers and law firms to . SAN FRANCISCO, Sept. 28, 2021 /PRNewswire/ -- The global legal services market size is anticipated to reach USD 1,196.01 billion by 2028, exhibiting a CAGR of 4.4% over the forecast period . LEGAL SERVICES MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2022 - 2027) The Legal Services Market is Segmented by End Users (Legal Aid Consumers, Private Consumers, SMEs, Charities, Large Businesses, and Government). 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