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Global B2B Legal Services Market
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Global B2B Legal Services Market by Service Type (Civil or Criminal, Mergers and Acquisitions, Business Transactions and Others), Practice (Litigation, Corporate, Labor, Real Estate, Patent Litigation, Tax, Bankruptcy and Other), Mode (Online and Offline), End Users (Listed Corporations, Government Institutions, Small and Medium-sized Enterprises, High Net Worth Individuals and Others), and Applications (Individuals, Financial Services, Mining and Oil & Gas, Manufacturing, Construction, It Services and Other): – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2031.
In 2021, the market for Global B2B Legal Services Market worldwide was worth $ 448.39 billion for the year 2021. The market will reach US$ 934.1 billion by 2031, growing at a CAGR of 6.9 % between 2022 and 2031. We are constantly tracking and evaluating the pandemic’s direct and indirect effects, taking into account the uncertainties of COVID-19. The report includes these insights as a significant market contributor.
| Attribute | Key Insights |
| Estimated Market Value (2021) | 448.39 USD Billion |
| Forecasted Market Value (2032) | 500.16 USD Billion |
| CAGR % 2023-2028 | 6.9%` |
| Leading Region | North America |
Market Dynamics
Companies that provide services like advising corporate clients on the body of law that governs disputes between businesses and representing corporate clients in civil cases, business transactions, and other matters in which corporate clients seek legal advice and other assistance make up the B2B legal services market. Disputes between private parties, such as defamation, professional negligence, inheritance, contract breach, and property disputes, are covered by civil law. Legal services provided in the event of disputes between individuals and businesses are not included in this category. Commercial law firms typically provide B2B legal services. Listed corporations, government agencies, small and medium-sized businesses, and wealthy individuals are among the commercial law firm’s clients. The value of related goods sold by the service provider or included in the service offering is included in the market value. This list only includes goods and services that are traded between entities or sold to end users.
Blockchain is being used by legal service providers to provide a transparent and secure method for making and recording transactions. Blockchain is a distributed, open ledger that efficiently and permanently records transactions between two organizations or businesses. In 2020, 41% of law firms will use blockchain for transactional legal services, 21% for business support, and 31% for high-value legal services, according to a law firm research report. The blockchain is where smart contracts are created digitally and can be verified. Smart contracts enable lawyers to devote more time to legal advice rather than document drafting. Chainlink, for instance, is a startup that created technology that makes smart contracts more appealing by utilizing data from multiple sources. Blockchain and smart contracts offer a number of advantages, including transparent records, less paperwork, secure transactions, and more time for client advice.
COVID Impact
The COVID-19 pandemic has shocked every nation on the planet and is still driving the search for scientific and social solutions that will stop the spread of this highly contagious virus. The outbreak is triggering a variety of effects—social, political, environmental, and so on—in addition to causing an economic and humanitarian crisis. on a global level. The pandemic’s effects are still unknown, but the global and local justice and legal aid systems have already been impacted, without a shadow of a doubt.
Regional Trend
North America held over 40% of the global market share in terms of geography. Due to the abundance of legal service providers, the United States has emerged as the leading nation in the North American market, with rising assignment volumes within corporate legal departments.
Legal services are also in high demand as a result of the region’s rising number of mergers and acquisitions. Due to the prompt implementation of regulatory and legal requirements, particularly in China and India, the Asia-Pacific region held a significant share of the market in 2020. For instance, legal service providers in India have begun providing their corporate clients with sophisticated cross-border judiciary services, presenting the nation with enormous growth opportunities. In addition, service providers such as Baker & McKenzie, Allen & Overy LLP, and Venable LLP have entered the Indian market, which is anticipated to accelerate market expansion in the upcoming years.
Competitive Landscape
The report includes competitive landscape based on the extensive assessment of the product portfolio offering, geographic presence, and key strategic developments adopted by the leading market players in the industry over the past 5 years. The key players profiled are Latham & Watkins LLP, Kirkland & Ellis LLP, DLA Piper, Baker & McKenzie, Skadden, Arps, Deloitte, PWC, KPMG, Slate, Meagher & Flom LLP and Affiliates, Sidley Austin LLP, Morgan, Lewis & Bockius LLP, Linklaters LLP, Venable LLP, Jones Day and Allen & Overy LLP. These players have adopted various growth strategies, such as partnerships and new service launches, to expand their presence further in the different regions and broaden their customer base.
By Service Type
Civil or Criminal
Mergers and Acquisitions
Business Transactions
Others
By Practice
Litigation
Corporate
Labour
Real Estate
Patent Litigation
Tax
Bankruptcy
Other
By Mode
Online
Offline
By End-user
Listed Corporations
Government Institutions
Small and Medium-sized Enterprises
High Net Worth Individuals
Others
By Applications
Individuals
Financial Services
Mining and Oil & Gas
Manufacturing
Construction
It Services
Other
By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa.
ToC
- Global B2B Legal Services Market Introduction and Market Overview
- Objectives of the Study
- Global B2B Legal Services Market Scope and Market Estimation
- Global B2B Legal Services Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 – 2032)
- Global B2B Legal Services Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 – 2032
- Market Segmentation
- Service Type of Global B2B Legal Services Market
- Mode of Global B2B Legal Services Market
- End User of Global B2B Legal Services Market
- Application of Global B2B Legal Services Market
- Region of Global B2B Legal Services Market
- Executive Summary
- Market Factor Analysis
- Global B2B Legal Services Market Industry Trends under COVID-19 Outbreak
- Global COVID-19 Status Overview
- Influence of COVID-19 Outbreak on Global B2B Legal Services Market Industry Development
- Market Dynamics, By Region
- Drivers
- Limitations
- Opportunities
- Impact Analysis of Drivers and Restraints
- Global B2B Legal Services Market – Pricing Trends Analysis & Average Selling Prices (ASPs)
- End-User / Customer Preferences & Consumer Surveys
- Technology Roadmap & Key Innovations /Developments
- Key Mandates & Regulatory Scenario Analysis
- Patents Landscape
- Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- PEST Analysis
- Political Factors
- Economic Factors
- Social Factors
- Technological Factors
- SWOT Analysis
- ANSOFF Matrix
- Market Penetration Strategy
- Product Development Strategy
- Market Development Strategy
- Diversification Strategy
- Market Investment Feasibility Analysis
- Opportunity Map Analysis
- Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions
- Global B2B Legal Services Market Industry Trends under COVID-19 Outbreak
- Global B2B Legal Services Market Estimates & Historical Trend Analysis (2019 – 2022)
- Global B2B Legal Services Market Estimates & Forecast Trend Analysis, by Service Type
- Global B2B Legal Services Market Revenue (US$ Mn) Estimates and Forecasts, by Service Type, 2019 to 2032
- Civil or Criminal
- Mergers and Acquisitions
- Business Transactions
- Others
- Global B2B Legal Services Market Estimates & Forecast Trend Analysis, by Mode
- Global B2B Legal Services Market Revenue (US$ Mn) Estimates and Forecasts, by Mode, 2019 to 2032
- Online
- Offline
- Global B2B Legal Services Market Estimates & Forecast Trend Analysis, by Application
- Global B2B Legal Services Market Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 to 2032
- Individuals
- Financial Services
- Mining and Oil & Gas
- Manufacturing
- Construction
- It Services
- Other
- Global B2B Legal Services Market Estimates & Forecast Trend Analysis, by End User
- Global B2B Legal Services Market Revenue (US$ Mn) Estimates and Forecasts, by End User, 2019 to 2032
- Listed Corporations
- Government Institutions
- Small and Medium-sized Enterprises
- High Net Worth Individuals
- Others
- Other
- Global B2B Legal Services Market Estimates & Forecast Trend Analysis, by Region
- Global B2B Legal Services Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Global B2B Legal Services Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2032
- North America B2B Legal Services Market: Estimates & Forecast Trend Analysis
- North America B2B Legal Services Market Assessments & Key Findings
- B2B Legal Services Market Introduction
- B2B Legal Services Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
- By Service Type
- By Mode
- By End User
- By Application
- By Country
- The U.S.
- Canada
- Mexico
- North America B2B Legal Services Market Assessments & Key Findings
- Europe B2B Legal Services Market: Estimates & Forecast Trend Analysis
- Europe B2B Legal Services Market Assessments & Key Findings
- B2B Legal Services Market Introduction
- B2B Legal Services Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
- By Service Type
- By Mode
- By End User
- By Application
- By Country
- Germany
- K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Europe B2B Legal Services Market Assessments & Key Findings
- Asia Pacific B2B Legal Services Market: Estimates & Forecast Trend Analysis
- Asia Pacific Market Assessments & Key Findings
- B2B Legal Services Market Introduction
- B2B Legal Services Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
- By Service Type
- By Mode
- By End User
- By Application
- By Country
- China
- Japan
- India
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Asia Pacific Market Assessments & Key Findings
- Middle East & Africa B2B Legal Services Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Market Assessments & Key Findings
- B2B Legal Services Market Introduction
- B2B Legal Services Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
- By Service Type
- By Mode
- By End User
- By Application
- By Country
- A.E.
- Saudi Arabia
- Egypt
- South Africa
- Rest of Middle East & Africa
- Middle East & Africa Market Assessments & Key Findings
- South America B2B Legal Services Market: Estimates & Forecast Trend Analysis
- South America Market Assessments & Key Findings
- B2B Legal Services Market Introduction
- B2B Legal Services Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
- By Service Type
- By Mode
- By End User
- By Application
- By Country
- Brazil
- Argentina
- Colombia
- Rest of South America
- South America Market Assessments & Key Findings
- Competition Landscape
- B2B Legal Services Market Competition Index, By Leading Players
- B2B Legal Services Market Competition White Space Analysis, By Application / End-user
- B2B Legal Services Market Competition Heat Map Analysis, By Products / Services / Solutions
- B2B Legal Services Market Competition Regional Intensity Map Analysis, By Geographies Served
- B2B Legal Services Market Concentration & Company Market Shares (%) Analysis, 2022
- B2B Legal Services Market Competition Quadrant Analysis, By Leading Players / Innovators / Emerging Players / New Entrants
- Company Profiles
- Latham & Watkins LLP
- Company Overview & Key Stats
- Financial Performance & KPIs
- Product / Service / Solutions Portfolio & Applications / End-uses
- Business Strategy & Recent Developments
- Latham & Watkins LLP
* Similar details would be provided for all the players mentioned below
- Kirkland & Ellis LLP
- DLA Piper
- Baker & McKenzie
- Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates
- Sidley Austin LLP
- Morgan, Lewis & Bockius LLP
- Linklaters LLP
- Jones Day
- Allen & Overy LLP
- Others
- Research Methodology
- External Sources / Databases
- Internal Proprietary Database
- Primary Research
- Secondary Research
- Assumptions
- Limitations
- Report FAQs
- Research Findings & Conclusion
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