Legal Advisory Market
Legal Advisory Market Analysis, By Service Type (Commercial Law, Employment & Labor Law, Intellectual Property & Technology Law, Litigation, Arbitration & Investigations Law, Real Estate Law, Regulatory & Government Affairs) and By End-use Industry - Global Market Insights 2022 to 2032
Analysis of Legal Advisory market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Legal Advisory Market Outlook (2022-2032)
The global legal advisory market size has reached US$ 669.4 billion in 2022 and is expected to climb to US$ 1,049 billion by the end of 2032, expanding at a CAGR of 4.6%.
In 2021, average annual spending by companies on legal services accounted for 0.23% of their total revenue. With increasing complexity and the need to adhere to the regulatory framework, enterprise-level spending is likely to increase substantially over the next ten years.
Report Attributes |
Details |
|---|---|
|
Legal Advisory Market Size (2021A) |
US$ 640 Billion |
|
Estimated Market Value (2022E) |
US$ 669.4 Billion |
|
Forecasted Market Value (2032F) |
US$ 1,049.6 Billion |
|
Global Market Growth Rate (2022-2032) |
4.6% CAGR |
|
North America Market Share (2021) |
~44% |
|
East Asia Market Growth Rate (2022-2032) |
~5.6% CAGR |
|
United States Market Growth Rate (2022-2032) |
~4.5% CAGR |
|
Market Share of Top 10 Companies |
~14% |
|
Key Companies Profiled |
|
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Rise of Complex Business Environments Will Shape the Legal Advisory Market
Factors such as geopolitical changes to business model evolution to increased department digitalization are having an impact on business strategy and operations. As a result, legal service providers are enjoying increased demand.
In today's competitive world, companies expect their law firms to provide the latest and most innovative legal services to help them succeed. Multinational companies often need help with mergers & acquisitions, labor & employment, tax, import & export, and intellectual property.
Companies are under pressure to improve efficiencies, reduce risk, increase productivity, and enhance the customer experience. This gives an opportunity to legal and compliance teams to take care of these tasks and allows companies to focus on their core business activities.
- Short Term (2022-2025): Companies are becoming multinationals to expand their service offerings and increase their market share. This is forcing them to look for outsourced legal services rather than depending on in-house legal teams.
- Medium Term (2025-2028): Large law firms tend to acquire small boutique firms when they enter a new market. This helps the firms easily integrate themselves into the culture of the new location. Mergers & acquisitions will be a popular route for law advisory firms to expand their footprint.
- Long Term (2028-2032): Legal firms are using technology to automate the admin-related tasks of their lawyers to free up more time to serve their clients. In the long run, the legal advisory industry will benefit from integrating technology into its service offerings.
Over the last four years, the global legal advisory market registered a CAGR of 4.4%, as per the detailed industry analysis by Fact.MR, a market research and competitive intelligence provider. Going forward, the market is projected to evolve at 4.6% CAGR between 2022 and 2032.
Market share analysis of legal advisory based on service type and region is provided in a nutshell. Under the service type segment, commercial law accounts for the highest market share of 43% in 2022.
Why Has Legal Advisory Gained So Much Prominence?
“Surge in Number of New Business Formations”
It seems the pandemic has changed the perspective of owning a business forever. During the pandemic, people across the globe lost their jobs and had no opportunities available even when they were ready to accept lower pay.
According to the U.S. Business Formation Statistics (BFS), there has been a steep rise in business applications since the start of 2021. As the number of businesses being set up increases, this will anchor the demand for legal firm services. More business leads to more business-related activity such as mergers & acquisitions, initial public offerings (IPOs), and financings among others. All these business activities require legal advisory services.
The legal issues commonly faced by businesses range from protecting business owners from lawsuits and ensuring protection for the business against wrongful termination and discrimination to handling copyright claims, employee contracts, and incorporation.
“Integration of Technology across Industry Verticals”
Providing legal services is a time-consuming and knowledge-intensive process that requires years of specialized training. Integration of technologies into legal advisory can help reduce costs and increase the speed of legal services.
With the help of artificial intelligence and machine learning, thousands of court cases can be analyzed based on a large number of criteria, which can develop a data-driven system where legal advisory firms can streamline some of their processes.
Since most of the tasks lawyers typically perform are repetitive, their work will likely be similar across cases. With the integration of technology into the service, companies can automate most of these tasks and focus on difficult problems and human contact with clients, which improves the client experience.
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What are the Challenges Faced by Legal Advisory Companies?
“Rising Legal Workers’ Salaries Can Dent Overall Business Profitability”
To overcome the labor constraints in law firms, businesses have relied primarily on salary increases to attract the best talent. The fact that employers are now offering higher salaries to attract and keep good workers is evident. However, this action also increases the direct cost of the company.
The high salary tactics of some law firms have proven to be an effective way to attract talent, but executives at these firms are beginning to realize that this approach is not sustainable in the long term. The high salary demands are causing a significant decrease in profits, and this is likely to continue unless the firms change their approach.
Legal advisory firms need to find a new way to recruit talented people or retain the best talent they already have to combat the reduction in the number of legal workers. It is in the best interest of the legal firms to continue to revise their plans to protect profits and respond to increased demand, even as shortages of labor continue.
“Pricing Pressure with Increased Client Expectations”
Clients today are asking for legal services on a fixed price basis, regardless of the type of service they need. Previously, prices were set depending on the complexity of the case. Nowadays, regardless of the type, the prices are the same. Law firms are losing money because the costs associated with different cases vary, but charging a fixed price means they receive a smaller share of the profits.
However, to compete in this highly competitive market, they need to sail through it. Currently, legal advisory firms are required to quote lower prices but are expected to offer high-quality services. The decreased motivation of legal advisors is having a negative impact on the effectiveness of their work. Providing high-quality legal services at a fixed or low price might be a challenge for legal advisors.
Country-wise Insights
Rebound in U.S. Corporate Revenue Will Keep Legal Advisory Market Buzzing
Post-COVID, the U.S. government has taken multiple steps to improve the economic conditions. This includes stimulus and relief packages distributed by the US government to the general public. There is no denying that it has fueled the economy with inflation, but it also has given people the option to spend and survive. In late 2021, US firms started witnessing positive trends in their revenue. The business across the sectors started reporting positive numbers in their annual fillings.
With increased revenue, there have been increases in business activity such as mergers & acquisitions, business expansions, and foreign trade among others. As per the U.S. census data, the country is witnessing a decrease in the unemployment rate. Improved economy numbers and conditions will enable demand for the legal advisory market.
The U.S. legal advisory market is expected to progress at a value CAGR of 4.5% during the forecast period.
U.K. Legal Advisory Market Could Be a Dark Horse in the Long Run
The U.K. has been experiencing a period of rapid change in the past few years as a result of a combination of Brexit and other market forces, including regulatory and compliance changes, economic turbulence, globalization, and technological innovation. Despite the Brexit and affordability challenges, business transactions have remained stable. This is likely due to government intervention, which has helped spur some recent market growth.
The U.K. legal advisory sector is an attractive target for investments with the potential to generate significant equity value while also providing important benefits for society.
- According to the PwC Annual Law Firms' Survey 2021, the legal services sector is one of the U.K.'s most developed industries, accounting for 0.3% share of the country’s GDP.
Category-wise Insights
Why Will Commercial Law Be in High Demand?
A large part of the income generated by the top global legal advisory firms comes from work in commercial and corporate law. In today’s complex economic environment, it has become more evident than ever for large corporations to have control of their subsidiaries across different locations.
This is especially important in light of the current global economic climate. The risks of non-compliance are increasing, and directors are increasingly facing personal responsibility. This is due to the increased risk of fines and regulatory censure, as well as the increased importance of compliance in today's business world.
COVID-19 documented significant challenges associated with the establishment and maintenance of cross-border commercial arrangements, as well as the architecture and operation of global supply chains. Organizations are facing an extraordinarily challenging trading environment due to unpredictable supply and demand dynamics, and the complex nature of economics, trade, and policy.
Life Science Companies - Voracious Customers for Legal Advisory Market
The interconnected life sciences supply chains are evident during the COVID-19 pandemic. Companies need to find ways to develop, test, manufacture, and distribute their products cost-effectively and with low risk. They will have to navigate logistical, regulatory, tax, market access, and compliance issues across borders. In addition, companies must seek legal advice on issues such as downstream compliance and ESG requirements for life sciences supply chains.
The challenges faced by biotech and medical device companies are more significant than ever. To bring proven therapies from the laboratory to the market, companies must take all the necessary precautions to protect them from intellectual property (IP), and regulatory and reputational risks.
- For instance, in 2021, Cooley, a major legal advisory firm, earned around one-third of its revenue by providing life science advisory services.
Competitive Landscape
Prominent legal advisory companies are Gibson, Dunn & Crutcher, Greenberg Traurig, Mayer Brown, Norton Rose Fulbright, Ropes & Gray, Allen & Overy, Baker & McKenzie, Clifford Chance, Deloitte, Dentons, DLA Piper, Ernst & Young, Hogan Lovells, Jones Day, Kirkland & Ellis LLP, KPMG, LATHAM & WATKINS LLP, Linklaters, Morgan Lewis & Bockius, PwC, Sidley Austin, Simpson Thacher & Bartlett, Skadden, Arps, Slate, Meagher & Flom LLP, Weil, Gotshal & Manges, and White & Case.
The global legal advisory market is highly competitive owing to the top global players trying to gain market share through various strategies such as mergers and acquisitions, expansions, and integration of technology in their offerings.
- In July 2022, KPMG collaborated with tech giants such as Microsoft, Intapp, and other technology innovators to create a platform that will help law departments and law firms leverage the latest technology to improve their workflows.
- In June 2022, Dentons, a global law firm, collaborated with a leading Vietnamese law firm, LuatViet, to expand its presence in the ASEAN region.
Fact.MR has provided detailed information about the providers of legal advisory services positioned across regions, revenue growth, and service offering expansion, in the recently published report.
Segmentation of Legal Advisory Industry Research
-
By Service Type :
- Commercial Law
- Employment & Labor Law
- Intellectual Property and Technology Law
- Litigation, Arbitration, and Investigations Law
- Real Estate Law
- Regulatory and Government Affairs
- Others (Wills, Estate, Trust, Immigration, Health, Divorce)
-
By End-use Industry :
- Consumer Industry
- Energy, Resources & Industrials
- Financial Industry
- Government & Public Industry
- Life Science & Health Care
- Technology
- Media & telecommunications
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
1. Global Legal Advisory Market - Executive Summary 2. Market Overview 2.1. Market Definition and Introduction 2.2. Market Taxonomy/ Research Scope 3. Market Characteristic – Bird Eye View 3.1. Number of Active Firms by Key Countries 3.2. Number of People Employed 3.3. Average Revenue Per Employee 3.4. Threshold of Revenue Volatility 3.5. Consistency in Demand 3.6. Key Barriers to Entry 4. Market Background and Characteristics 4.1. Enterprise Spending on Legal Services Statistics (US$), 2017 – 2021 4.2. Legal Advisory as a % of Total Advisory Industry Revenue, 2021 4.3. Market Dynamics 4.3.1. Key Growth Drivers 4.3.2. Industry Challenges 4.3.3. Notable Current and Future Trends 4.4. Opportunity and White Space Assessment 4.4.1. Total Available Market (US$ Bn) 4.4.2. Serviceable Addressable Market (US$ Bn) 4.4.3. Serviceable Obtainable Market (US$ Bn) 4.5. Forecast and Macro-Economic Factors – Relevance and Impact 4.6. Key Success Factors and Winning Imperatives 5. Global Legal Advisory Market Value (US$ Bn) Analysis and Forecast 5.1. Historical Market Value (US$ Bn) Analysis, 2017-2021 5.2. Current and Future Market Value (US$ Bn), 2022-2032 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Global Legal Advisory Market Analysis and Forecast, By Services 6.1. Introduction / Key Findings 6.2. Historical Market Size (US$ Bn) Analysis By Services, 2017-2021 6.3. Current and Future Market Size (US$ Bn) Analysis By Services, 2022-2032 6.3.1. Commercial Law 6.3.2. Employment & Labor Law 6.3.3. Intellectual Property and Technology Law 6.3.4. Litigation, Arbitration and Investigations Law 6.3.5. Real Estate Law 6.3.6. Regulatory and Government Affairs 6.3.7. Others (Wills, Estate, Trust, Immigration, Health, Divorce) 6.4. Market Attractiveness Analysis By Services 7. Global Legal Advisory Market Analysis and Forecast, By End-Use Industry 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ Bn) Analysis By End-Use Industry, 2017-2021 7.3. Current and Future Market Size (US$ Bn) Analysis By End-Use Industry, 2022-2032 7.3.1. Consumer Industry 7.3.2. Energy, Resources & Industrials 7.3.3. Financial Industry 7.3.4. Government & Public Industry 7.3.5. Life Science & Health Care 7.3.6. Technology 7.3.7. Media & telecommunications 7.4. Market Attractiveness Analysis By End-Use Industry 8. Global Legal Advisory Market Analysis and Forecast, By Region 8.1. Introduction 8.2. Historical Market Size (US$ Bn) Analysis By Region, 2017-2021 8.3. Current Market Size (US$ Bn) Analysis and Forecast By Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia and Oceania 8.3.6. Middle East & Africa 8.4. Market Attractiveness Analysis By Region 9. North America Legal Advisory Market Analysis and Forecast 9.1. Introduction / Key Findings 9.2. Pricing Analysis 9.3. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 9.4. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 9.4.1. By Country 9.4.1.1. U.S. 9.4.1.2. Canada 9.4.2. By Services 9.4.3. By End-Use Industry 9.5. Market Attractiveness Analysis 9.5.1. By Country 9.5.2. By Services 9.5.3. By End-Use Industry 10. Latin America Legal Advisory Market Analysis and Forecast 10.1. Introduction / Key Findings 10.2. Pricing Analysis 10.3. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 10.4. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 10.4.1. By Country 10.4.1.1. Brazil 10.4.1.2. Mexico 10.4.1.3. Argentina 10.4.1.4. Peru 10.4.1.5. Rest of Latin America 10.4.2. By Services 10.4.3. By End-Use Industry 10.5. Market Attractiveness Analysis 10.5.1. By Country 10.5.2. By Services 10.5.3. By End-Use Industry 11. Europe Legal Advisory Market Analysis and Forecast 11.1. Introduction / Key Findings 11.2. Pricing Analysis 11.3. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 11.4. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 11.4.1. By Country 11.4.1.1. Germany 11.4.1.2. Italy 11.4.1.3. France 11.4.1.4. U.K. 11.4.1.5. Spain 11.4.1.6. BENELUX 11.4.1.7. NORDIC 11.4.1.8. Rest of Europe 11.4.2. By Services 11.4.3. By End-Use Industry 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Services 11.5.3. By End-Use Industry 12. East Asia Legal Advisory Market Analysis and Forecast 12.1. Introduction / Key Findings 12.2. Pricing Analysis 12.3. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 12.4. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 12.4.1. By Country 12.4.1.1. China 12.4.1.2. Japan 12.4.1.3. South Korea 12.4.2. By Services 12.4.3. By End-Use Industry 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Services 12.5.3. By End-Use Industry 13. South Asia & Oceania Legal Advisory Market Analysis and Forecast 13.1. Introduction / Key Findings 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 13.4. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 13.4.1. By Country 13.4.1.1. India 13.4.1.2. Thailand 13.4.1.3. Indonesia 13.4.1.4. Malaysia 13.4.1.5. Australia 13.4.1.6. Rest of South Asia & Oceania 13.4.2. By Services 13.4.3. By End-Use Industry 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Services 13.5.3. By End-Use Industry 14. Middle East & Africa Legal Advisory Market Analysis and Forecast 14.1. Introduction / Key Findings 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 14.4. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 14.4.1. By Country 14.4.1.1. GCC Countries 14.4.1.2. Turkey 14.4.1.3. North African Region 14.4.1.4. South Africa 14.4.1.5. Rest of Middle East and Africa 14.4.2. By Services 14.4.3. By End-Use Industry 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Services 14.5.3. By End-Use Industry 15. Country-level Legal Advisory Market Analysis and Forecast 15.1. Introduction / Key Findings 15.1.1. Market Value Proportion Analysis, By Key Countries 15.1.2. Global Vs. Country Growth Comparison 15.2. Us Legal Advisory Market Analysis 15.2.1. Value Proportion Analysis By Market Taxonomy 15.2.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.2.2.1. By Services 15.2.2.2. By End-Use Industry 15.3. Canada Legal Advisory Market Analysis 15.3.1. Value Proportion Analysis By Market Taxonomy 15.3.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.3.2.1. By Services 15.3.2.2. By End-Use Industry 15.4. Brazil Legal Advisory Market Analysis 15.4.1. Value Proportion Analysis By Market Taxonomy 15.4.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.4.2.1. By Services 15.4.2.2. By End-Use Industry 15.5. Mexico Legal Advisory Market Analysis 15.5.1. Value Proportion Analysis By Market Taxonomy 15.5.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.5.2.1. By Services 15.5.2.2. By End-Use Industry 15.6. Argentina Legal Advisory Market Analysis 15.6.1. Value Proportion Analysis By Market Taxonomy 15.6.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.6.2.1. By Services 15.6.2.2. By End-Use Industry 15.7. Germany Legal Advisory Market Analysis 15.7.1. Value Proportion Analysis By Market Taxonomy 15.7.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.7.2.1. By Services 15.7.2.2. By End-Use Industry 15.8. France Legal Advisory Market Analysis 15.8.1. Value Proportion Analysis By Market Taxonomy 15.8.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.8.2.1. By Services 15.8.2.2. By End-Use Industry 15.9. Italy Legal Advisory Market Analysis 15.9.1. Value Proportion Analysis By Market Taxonomy 15.9.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.9.2.1. By Services 15.9.2.2. By End-Use Industry 15.10. Spain Legal Advisory Market Analysis 15.10.1. Value Proportion Analysis By Market Taxonomy 15.10.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.10.2.1. By Services 15.10.2.2. By End-Use Industry 15.11. Peru Legal Advisory Market Analysis 15.11.1. Value Proportion Analysis By Market Taxonomy 15.11.2. Value Proportion Analysis By Market Taxonomy 15.11.3. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.11.3.1. By Services 15.11.3.2. By End-Use Industry 15.12. NORDIC Legal Advisory Market Analysis 15.12.1. Value Proportion Analysis By Market Taxonomy 15.12.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.12.2.1. By Services 15.12.2.2. By End-Use Industry 15.13. BENELUX Legal Advisory Market Analysis 15.13.1. Value Proportion Analysis By Market Taxonomy 15.13.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.13.2.1. By Services 15.13.2.2. By End-Use Industry 15.14. U.K. Legal Advisory Market Analysis 15.14.1. Value Proportion Analysis By Market Taxonomy 15.14.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.14.2.1. By Services 15.14.2.2. By End-Use Industry 15.15. China Legal Advisory Market Analysis 15.15.1. Value Proportion Analysis By Market Taxonomy 15.15.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.15.2.1. By Services 15.15.2.2. By End-Use Industry 15.16. Japan Legal Advisory Market Analysis 15.16.1. Value Proportion Analysis By Market Taxonomy 15.16.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.16.2.1. By Services 15.16.2.2. By End-Use Industry 15.17. South Korea Legal Advisory Market Analysis 15.17.1. Value Proportion Analysis By Market Taxonomy 15.17.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.17.2.1. By Services 15.17.2.2. By End-Use Industry 15.18. India Legal Advisory Market Analysis 15.18.1. Value Proportion Analysis By Market Taxonomy 15.18.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.18.2.1. By Services 15.18.2.2. By End-Use Industry 15.19. ASEAN Countries Legal Advisory Market Analysis 15.19.1. Value Proportion Analysis By Market Taxonomy 15.19.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.19.2.1. By Services 15.19.2.2. By End-Use Industry 15.20. GCC Countries Legal Advisory Market Analysis 15.20.1. Value Proportion Analysis By Market Taxonomy 15.20.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.20.2.1. By Services 15.20.2.2. By End-Use Industry 15.21. Turkey Legal Advisory Market Analysis 15.21.1. Value Proportion Analysis By Market Taxonomy 15.21.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.21.2.1. By Services 15.21.2.2. By End-Use Industry 15.22. South Africa Legal Advisory Market Analysis 15.22.1. Value Proportion Analysis By Market Taxonomy 15.22.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.22.2.1. By Services 15.22.2.2. By End-Use Industry 16. Legal Advisory Market Structure Analysis 16.1. Market Analysis By Tier of Companies 16.2. Market Concentration of Players 16.3. Market Share Analysis of Top Players 16.4. Market Presence Analysis 17. Legal Advisory Competition Analysis 17.1. Competition Dashboard 17.2. Competition Deep Dive: Legal Advisory Market 17.2.1. Gibson, Dunn & Crutcher 17.2.1.1. Overview 17.2.1.2. Key Financials 17.2.1.3. SWOT Analysis 17.2.1.4. Key Developments 17.2.1.5. Strategy Overview 17.2.2. Greenberg Traurig 17.2.2.1. Overview 17.2.2.2. Key Financials 17.2.2.3. SWOT Analysis 17.2.2.4. Key Developments 17.2.2.5. Strategy Overview 17.2.3. Mayer Brown 17.2.3.1. Overview 17.2.3.2. Key Financials 17.2.3.3. SWOT Analysis 17.2.3.4. Key Developments 17.2.3.5. Strategy Overview 17.2.4. Norton Rose Fulbright 17.2.4.1. Overview 17.2.4.2. Key Financials 17.2.4.3. SWOT Analysis 17.2.4.4. Key Developments 17.2.4.5. Strategy Overview 17.2.5. Ropes & Gray 17.2.5.1. Overview 17.2.5.2. Key Financials 17.2.5.3. SWOT Analysis 17.2.5.4. Key Developments 17.2.5.5. Strategy Overview 17.2.6. Allen & Overy 17.2.6.1. Overview 17.2.6.2. Key Financials 17.2.6.3. SWOT Analysis 17.2.6.4. Key Developments 17.2.6.5. Strategy Overview 17.2.7. Baker & McKenzie 17.2.7.1. Overview 17.2.7.2. Key Financials 17.2.7.3. SWOT Analysis 17.2.7.4. Key Developments 17.2.7.5. Strategy Overview 17.2.8. Clifford Chance 17.2.8.1. Overview 17.2.8.2. Key Financials 17.2.8.3. SWOT Analysis 17.2.8.4. Key Developments 17.2.8.5. Strategy Overview 17.2.9. Deloitte 17.2.9.1. Overview 17.2.9.2. Key Financials 17.2.9.3. SWOT Analysis 17.2.9.4. Key Developments 17.2.9.5. Strategy Overview 17.2.10. Dentons 17.2.10.1. Overview 17.2.10.2. Key Financials 17.2.10.3. SWOT Analysis 17.2.10.4. Key Developments 17.2.10.5. Strategy Overview 17.2.11. DLA Piper 17.2.11.1. Overview 17.2.11.2. Key Financials 17.2.11.3. SWOT Analysis 17.2.11.4. Key Developments 17.2.11.5. Strategy Overview 17.2.12. Ernst & Young 17.2.12.1. Overview 17.2.12.2. Key Financials 17.2.12.3. SWOT Analysis 17.2.12.4. Key Developments 17.2.12.5. Strategy Overview 17.2.13. Hogan Lovells 17.2.13.1. Overview 17.2.13.2. Key Financials 17.2.13.3. SWOT Analysis 17.2.13.4. Key Developments 17.2.13.5. Strategy Overview 17.2.14. Jones Day 17.2.14.1. Overview 17.2.14.2. Key Financials 17.2.14.3. SWOT Analysis 17.2.14.4. Key Developments 17.2.14.5. Strategy Overview 17.2.15. Kirkland & Ellis LLP 17.2.15.1. Overview 17.2.15.2. Key Financials 17.2.15.3. SWOT Analysis 17.2.15.4. Key Developments 17.2.15.5. Strategy Overview 17.2.16. KPMG 17.2.16.1. Overview 17.2.16.2. Key Financials 17.2.16.3. SWOT Analysis 17.2.16.4. Key Developments 17.2.16.5. Strategy Overview 17.2.17. LATHAM & WATKINS LLP 17.2.17.1. Overview 17.2.17.2. Key Financials 17.2.17.3. SWOT Analysis 17.2.17.4. Key Developments 17.2.17.5. Strategy Overview 17.2.18. Linklaters 17.2.18.1. Overview 17.2.18.2. Key Financials 17.2.18.3. SWOT Analysis 17.2.18.4. Key Developments 17.2.18.5. Strategy Overview 17.2.19. Morgan, Lewis & Bockius 17.2.19.1. Overview 17.2.19.2. Key Financials 17.2.19.3. SWOT Analysis 17.2.19.4. Key Developments 17.2.19.5. Strategy Overview 17.2.20. PwC 17.2.20.1. Overview 17.2.20.2. Key Financials 17.2.20.3. SWOT Analysis 17.2.20.4. Key Developments 17.2.20.5. Strategy Overview 17.2.21. Sidley Austin 17.2.21.1. Overview 17.2.21.2. Key Financials 17.2.21.3. SWOT Analysis 17.2.21.4. Key Developments 17.2.21.5. Strategy Overview 17.2.22. Simpson Thacher & Bartlett 17.2.22.1. Overview 17.2.22.2. Key Financials 17.2.22.3. SWOT Analysis 17.2.22.4. Key Developments 17.2.22.5. Strategy Overview 17.2.23. Skadden, Arps, Slate, Meagher & Flom LLP 17.2.23.1. Overview 17.2.23.2. Key Financials 17.2.23.3. SWOT Analysis 17.2.23.4. Key Developments 17.2.23.5. Strategy Overview 17.2.24. Weil, Gotshal & Manges 17.2.24.1. Overview 17.2.24.2. Key Financials 17.2.24.3. SWOT Analysis 17.2.24.4. Key Developments 17.2.24.5. Strategy Overview 17.2.25. White & Case 17.2.25.1. Overview 17.2.25.2. Key Financials 17.2.25.3. SWOT Analysis 17.2.25.4. Key Developments 17.2.25.5. Strategy Overview 18. Assumptions & Acronyms Used 19. Research Methodology
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List Of Table
Table 01. Global Legal Advisory Market Value (US$ Bn) and Forecast By Region, 2017-2021
Table 02. Global Legal Advisory Market Value (US$ Bn) and Forecast By Region, 2022-2032
Table 03. Global Legal Advisory Market Value (US$ Bn) and Forecast By Services, 2017-2021
Table 04. Global Legal Advisory Market Value (US$ Bn) and Forecast By Services, 2022-2032
Table 05. Global Legal Advisory Market Value (US$ Bn) and Forecast By End-Use Industry, 2017-2021
Table 06. Global Legal Advisory Market Value (US$ Bn) and Forecast By End-Use Industry, 2022-2032
Table 07. North America Legal Advisory Market Value (US$ Bn) and Forecast By Country, 2017-2021
Table 08. North America Legal Advisory Market Value (US$ Bn) and Forecast By Country, 2022-2032
Table 09. North America Legal Advisory Market Value (US$ Bn) and Forecast By Services, 2017-2021
Table 10. North America Legal Advisory Market Value (US$ Bn) and Forecast By Services, 2022-2032
Table 11. North America Legal Advisory Market Value (US$ Bn) and Forecast By End-Use Industry, 2017-2021
Table 12. North America Legal Advisory Market Value (US$ Bn) and Forecast By End-Use Industry, 2022-2032
Table 13. Latin America Legal Advisory Market Value (US$ Bn) and Forecast By Country, 2017-2021
Table 14. Latin America Legal Advisory Market Value (US$ Bn) and Forecast By Country, 2022-2032
Table 15. Latin America Legal Advisory Market Value (US$ Bn) and Forecast By Services, 2017-2021
Table 16. Latin America Legal Advisory Market Value (US$ Bn) and Forecast By Services, 2022-2032
Table 17. Latin America Legal Advisory Market Value (US$ Bn) and Forecast By End-Use Industry, 2017-2021
Table 18. Latin America Legal Advisory Market Value (US$ Bn) and Forecast By End-Use Industry, 2022-2032
Table 19. Europe Legal Advisory Market Value (US$ Bn) and Forecast By Country, 2017-2021
Table 20. Europe Legal Advisory Market Value (US$ Bn) and Forecast By Country, 2022-2032
Table 21. Europe Legal Advisory Market Value (US$ Bn) and Forecast By Services, 2017-2021
Table 22. Europe Legal Advisory Market Value (US$ Bn) and Forecast By Services, 2022-2032
Table 23. Europe Legal Advisory Market Value (US$ Bn) and Forecast By End-Use Industry, 2017-2021
Table 24. Europe Legal Advisory Market Value (US$ Bn) and Forecast By End-Use Industry, 2022-2032
Table 25. East Asia Legal Advisory Market Value (US$ Bn) and Forecast By Country, 2017-2021
Table 26. East Asia Legal Advisory Market Value (US$ Bn) and Forecast By Country, 2022-2032
Table 27. East Asia Legal Advisory Market Value (US$ Bn) and Forecast By Services, 2022-2032
Table 28. East Asia Legal Advisory Market Value (US$ Bn) and Forecast By End-Use Industry, 2017-2021
Table 29. East Asia Legal Advisory Market Value (US$ Bn) and Forecast By End-Use Industry, 2022-2032
Table 30. South Asia & Oceania Legal Advisory Market Value (US$ Bn) and Forecast By Country, 2017-2021
Table 31. South Asia & Oceania Legal Advisory Market Value (US$ Bn) and Forecast By Country, 2022-2032
Table 32. South Asia & Oceania Legal Advisory Market Value (US$ Bn) and Forecast By Services, 2017-2021
Table 33. South Asia & Oceania Legal Advisory Market Value (US$ Bn) and Forecast By Services, 2022-2032
Table 34. South Asia & Oceania Legal Advisory Market Value (US$ Bn) and Forecast By End-Use Industry, 2017-2021
Table 35. South Asia & Oceania Legal Advisory Market Value (US$ Bn) and Forecast By End-Use Industry, 2022-2032
Table 36. MEA Legal Advisory Market Value (US$ Bn) and Forecast By Country, 2017-2021
Table 37. MEA Legal Advisory Market Value (US$ Bn) and Forecast By Country, 2022-2032
Table 38. MEA Legal Advisory Market Value (US$ Bn) and Forecast By Services, 2017-2021
Table 39. MEA Legal Advisory Market Value (US$ Bn) and Forecast By Services, 2022-2032
Table 40. MEA Legal Advisory Market Value (US$ Bn) and Forecast By End-Use Industry, 2017-2021
Table 41. MEA Legal Advisory Market Value (US$ Bn) and Forecast By End-Use Industry, 2022-2032
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List Of Figures
Figure 01. Global Legal Advisory Market Value (US$ Bn) Forecast, 2022-2032
Figure 02. Global Legal Advisory Market Absolute $ Opportunity (US$ Bn), 2022-2032
Figure 03. Global Legal Advisory Market Value (US$ Bn) By Region, 2022 & 2032
Figure 04. Global Legal Advisory Market Y-o-Y Growth Rate By Region, 2022-2032
Figure 05. Global Legal Advisory Market Value (US$ Bn) By Services, 2022 & 2032
Figure 06. Global Legal Advisory Market Y-o-Y Growth Rate By Services, 2022-2032
Figure 07. Global Legal Advisory Market Value (US$ Bn) By End-Use Industry, 2022 & 2032
Figure 08. Global Legal Advisory Market Y-o-Y Growth Rate By End-Use Industry, 2022-2032
Figure 09. North America Legal Advisory Market Value (US$ Bn) Forecast, 2022-2032
Figure 10. North America Legal Advisory Market Absolute $ Opportunity (US$ Bn), 2022-2032
Figure 11. North America Legal Advisory Market Value (US$ Bn) By Country, 2022 & 2032
Figure 12. North America Legal Advisory Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 13. North America Legal Advisory Market Value (US$ Bn) By Services, 2022 & 2032
Figure 14. North America Legal Advisory Market Y-o-Y Growth Rate By Services, 2022-2032
Figure 15. North America Legal Advisory Market Value (US$ Bn) By End-Use Industry, 2022 & 2032
Figure 16. North America Legal Advisory Market Y-o-Y Growth Rate By End-Use Industry, 2022-2032
Figure 17. North America Legal Advisory Market Attractiveness Analysis By Country, 2022-2032
Figure 18. North America Legal Advisory Market Attractiveness Analysis By Services, 2022-2032
Figure 19. North America Legal Advisory Market Attractiveness Analysis By End-Use Industry, 2022-2032
Figure 20. Latin America Legal Advisory Market Value (US$ Bn) Forecast, 2022-2032
Figure 21. Latin America Legal Advisory Market Absolute $ Opportunity (US$ Bn), 2022-2032
Figure 22. Latin America Legal Advisory Market Value (US$ Bn) By Country, 2022 & 2032
Figure 23. Latin America Legal Advisory Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 24. Latin America Legal Advisory Market Value (US$ Bn) By Services, 2022 & 2032
Figure 25. Latin America Legal Advisory Market Y-o-Y Growth Rate By Services, 2022-2032
Figure 26. Latin America Legal Advisory Market Value (US$ Bn) By End-Use Industry, 2022 & 2032
Figure 27. Latin America Legal Advisory Market Y-o-Y Growth Rate By End-Use Industry, 2022-2032
Figure 28. Latin America Legal Advisory Market Attractiveness Analysis By Country, 2022-2032
Figure 29. Latin America Legal Advisory Market Attractiveness Analysis By Services, 2022-2032
Figure 30. Latin America Legal Advisory Market Attractiveness Analysis By End-Use Industry, 2022-2032
Figure 31. Europe Legal Advisory Market Value (US$ Bn) Forecast, 2022-2032
Figure 32. Europe Legal Advisory Market Absolute $ Opportunity (US$ Bn), 2022-2032
Figure 33. Europe Legal Advisory Market Value (US$ Bn) By Country, 2022 & 2032
Figure 34. Europe Legal Advisory Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 35. Europe Legal Advisory Market Value (US$ Bn) By Services, 2022 & 2032
Figure 36. Europe Legal Advisory Market Y-o-Y Growth Rate By Services, 2022-2032
Figure 37. Europe Legal Advisory Market Value (US$ Bn) By End-Use Industry, 2022 & 2032
Figure 38. Europe Legal Advisory Market Y-o-Y Growth Rate By End-Use Industry, 2022-2032
Figure 39. Europe Legal Advisory Market Attractiveness Analysis By Country, 2022-2032
Figure 40. Europe Legal Advisory Market Attractiveness Analysis By Services, 2022-2032
Figure 41. Europe Legal Advisory Market Attractiveness Analysis By End-Use Industry, 2022-2032
Figure 42. East Asia Legal Advisory Market Value (US$ Bn) Forecast, 2022-2032
Figure 43. East Asia Legal Advisory Market Absolute $ Opportunity (US$ Bn), 2022-2032
Figure 44. East Asia Legal Advisory Market Value (US$ Bn) By Country, 2022 & 2032
Figure 45. East Asia Legal Advisory Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 46. East Asia Legal Advisory Market Value (US$ Bn) By Services, 2022 & 2032
Figure 47. East Asia Legal Advisory Market Y-o-Y Growth Rate By Services, 2022-2032
Figure 48. East Asia Legal Advisory Market Value (US$ Bn) By End-Use Industry, 2022 & 2032
Figure 49. East Asia Legal Advisory Market Y-o-Y Growth Rate By End-Use Industry, 2022-2032
Figure 50. East Asia Legal Advisory Market Attractiveness Analysis By Country, 2022-2032
Figure 51. East Asia Legal Advisory Market Attractiveness Analysis By Services, 2022-2032
Figure 52. East Asia Legal Advisory Market Attractiveness Analysis By End-Use Industry, 2022-2032
Figure 53. South Asia & Oceania Legal Advisory Market Value (US$ Bn) Forecast, 2022-2032
Figure 54. South Asia & Oceania Legal Advisory Market Absolute $ Opportunity (US$ Bn), 2022-2032
Figure 55. South Asia & Oceania Legal Advisory Market Value (US$ Bn) By Country, 2022 & 2032
Figure 56. South Asia & Oceania Legal Advisory Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 57. South Asia & Oceania Legal Advisory Market Value (US$ Bn) By Services, 2022 & 2032
Figure 58. South Asia & Oceania Legal Advisory Market Y-o-Y Growth Rate By Services, 2022-2032
Figure 59. South Asia & Oceania Legal Advisory Market Value (US$ Bn) By End-Use Industry, 2022 & 2032
Figure 60. South Asia & Oceania Legal Advisory Market Y-o-Y Growth Rate By End-Use Industry, 2022-2032
Figure 61. South Asia & Oceania Legal Advisory Market Attractiveness Analysis By Country, 2022-2032
Figure 62. South Asia & Oceania Legal Advisory Market Attractiveness Analysis By Services, 2022-2032
Figure 63. South Asia & Oceania Legal Advisory Market Attractiveness Analysis By End-Use Industry, 2022-2032
Figure 64. MEA Legal Advisory Market Value (US$ Bn) Forecast, 2022-2032
Figure 65. MEA Legal Advisory Market Absolute $ Opportunity (US$ Bn), 2022-2032
Figure 66. MEA Legal Advisory Market Value (US$ Bn) By Country, 2022 & 2032
Figure 67. MEA Legal Advisory Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 68. MEA Legal Advisory Market Value (US$ Bn) By Services, 2022 & 2032
Figure 69. MEA Legal Advisory Market Y-o-Y Growth Rate By Services, 2022-2032
Figure 70. MEA Legal Advisory Market Value (US$ Bn) By End-Use Industry, 2022 & 2032
Figure 71. MEA Legal Advisory Market Y-o-Y Growth Rate By End-Use Industry, 2022-2032
Figure 72. MEA Legal Advisory Market Attractiveness Analysis By Country, 2022-2032
Figure 73. MEA Legal Advisory Market Attractiveness Analysis By Services, 2022-2032
Figure 74. MEA Legal Advisory Market Attractiveness Analysis By End-Use Industry, 2022-2032
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- FAQs -
How much revenue will the legal advisory market generate in 2022?
The global legal advisory market is estimated at US$ 669.4 billion in 2022.
How is the market for legal advisory services expected to fare going forward?
Worldwide demand for legal advisory solutions is anticipated to reach US$ 1049.6 billion by 2032.
At what CAGR did the market expand over the past few years?
From 2017 to 2021, sales of legal advisory services increased at 4.4% CAGR.
Which regional market is being eyed by several industry players?
North America leads the global market and enjoys 44% market share.
Which type of legal advisory service accounts for high revenue generation?
Commercial law services account for 43% global market share.
Legal Advisory Market