research
AnythingResearch - Industry Analysis and Market Research Reports
Better Data, Better Decisions
AnythingResearch

2018 Market Analysis & Industry Outlook: Legal Services


Overview: the U.S. Legal Services Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?


Market Size & Industry Statistics

The total U.S. industry market size for Legal Services: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.



market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Legal Services industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Legal Services, Civil Law - Real Estate Law

Legal Services, Civil Law - Wills, Estates, And Trusts

Legal Services, Civil Law - Family Law

Legal Services, Civil Law - Business And Commercial Law

Legal Services, Civil Law - Business And Commercial Law - Bankruptcy Law

Legal Services, Civil Law - Business And Commercial Law - Intellectual Property Law

Legal Services, Civil Law - Business And Commercial Law - Taxation Law

Legal Services, Civil Law - Other Business And Commercial Law, Including Antitrust, Incorporation, Banking, Securities, And Insu

Legal Services, Civil Law - Civil Negligence

Legal Services, Civil Law - Labor And Employment Law

Legal Services - Other Civil Law

Legal Services - Other Civil Law - Environmental Law

Legal Services - Other Civil Law - Public And International

Legal Services - Other Civil Law - Health Care Law

Legal Services - Other Civil Law, Including Immigration/Refugee, Consumer, And Other Non-Criminal Law

Legal Services, Criminal Law

Arbitration And Mediation Services

Arbitration And Mediation Services, International Commercial

Arbitration And Mediation Services, Excluding International Commercial

Legal Research And Document Services

Title, Abstract, And Settlement Services

Patent, Copyright, And Other Intellectual Property Document Filing And Search Services

Other Document Filing And Search Services

Process Server Services

Notarization And Certification Services

Expert Witness Services

Distributions From Law Partnerships To Professional Corporations/Associations

All Other Receipts

All Other Operating Receipts



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Legal Services Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Legal Services companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Legal Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Legal Services industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Legal Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 2%

Order at top of page
Chief Executives0%
General and Operations Managers1%
Legal Occupations 55%
Lawyers, Judges, and Related Workers 34%
Lawyers and Judicial Law Clerks 34%
Lawyers 34%
Legal Support Workers 21%
Paralegals and Legal Assistants 18%
Paralegals and Legal Assistants 18%
Office and Administrative Support Occupations 38%
Secretaries and Administrative Assistants 21%
Secretaries and Administrative Assistants 21%
Legal Secretaries 16%
Other Office and Administrative Support Workers 5%
Source: Bureau of Labor Statistics


Legal Services Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • Parsons Behle & Latimer trademarks "PARSONS BEHLE LAB" - Non downloadable software for the preparation of documents; providing general legal information via a website - 03/03/2018
  • Gavin Law Offices PLC trademarks "GLO ALLIANCE IP AWARE CERTIFICATION" - Business consulting services in the fields of marketing, finance, management, and/or technology - 03/03/2018
  • Littler Mendelson P.C. trademarks "LITTLER PAY EQUITY ASSESSMENT" - Business auditing; Business data analysis; Business data analysis services in the field of employee compensation; Human resource analysis and consulting services; Outsource service provider in the field of business analytics; Preparation of business reports - 03/03/2018
  • Logik Systems raises $25 million in funding. - 02/08/2018
  • Lighthouse Technologies Holding raises $4 million in funding. - 05/15/2017
  • Magna Legal Services patents Systems, Methods, And Media For Providing An Interactive Presentation To Remote Participants - 03/23/2017
  • Peacock & Myers patents Cabinet For Dispensing Items - 03/16/2017
  • Patterson Thuente Pedersen P.a. patents System For Computerized Evaluation Of Patent-related Information - 02/16/2017
  • EnerJex Resources raises $5 million in funding. - 03/18/2015




  • Top Innovators

    CompanyInnovation Score
    Magna Legal Services9
    Hayloft Enterprises5
    Peacock & Myers
    Alliance Defending Freedom
    Yee & Dubin Sports

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Nigeria, Switzerland sign legal pact to end dumping - AS a key element of modern trade policy, the Federal Government, Tuesday, entered into agreement with leading trade law firm, King and Spalding, LLP, of Geneva, Switzerland, to provide legal services for Nigeria’s trade remedy legislation. The Chief ... (01/11/2018)
    • TCDI Appoints Legal Technology Leader Caragh LandryExpanding Executive Team to Support Legal Services Growth - Technology Concepts & Design, Inc. (TCDI), a pioneer in legal technology, has named industry veteran Caragh Landry as president of litigation services. Landry will lead the firm’s eDiscovery, managed document review and case management businesses. (01/10/2018)
    • Deloitte follows rivals into legal services market - The firm has applied for an alternative business structure (ABS) license in order grow its legal services offering PwC was the first of the Big Four to apply for the licence in 2013, which allows a firm to own its own legal business rather than operating ... (01/10/2018)
    • Beijing court starts offering legal services on WeChat - Beijing No 4 Intermediate People's Court began offering legal services on its WeChat platform on Wednesday, aiming to make lawsuits easier for litigants. "Residents can file cases, provide judicial materials, follow lawsuits and receive verdicts on the ... (01/10/2018)
    • Initiatives to increase outreach of legal services bodies - New Delhi, Jan 9 : The National Legal Services Authority (NALSA) on Tuesday announced new initiatives, including holding legal service camps and opening of legal literacy clubs in all districts, to increase outreach and accessibility of legal services ... (01/10/2018)
    • Legal-services tech company subleases part of liquor firm’s office - Transition from liquor to legal: A legal-services tech company has subleased a slice of ­liquor company Pernod Ricard USA’s offices at 250 Park Ave. Complete Discovery Source ­signed a five-year, 18,803-square-foot sublease for a furnished portion of ... (01/09/2018)
    • Donation Fills Void of Legal Services for Undocumented Children - This fall, Edward M. Bernstein & Associates made a quarter-of-a-million dollar donation to UNLV’s Immigration Clinic. The clinic, which in 2014 was one of seven organizations and the only law school to receive an AmeriCorps grant, calls on its young ... (01/07/2018)
    • Legal Aid Services Offered Free For Seniors - From Carroll Co.: Carroll County residents who are 60 years or older can get free legal assistance, courtesy of the Bureau of Aging & Disabilities. Services are provided through the Mid-Western Maryland Office of the Legal Aid Bureau. Older adults can call ... (01/07/2018)
    • Free legal services offered on Martin Luther King Jr. Day - FAIRBANKS — Local lawyers will offer free legal advice on civil matters Jan. 15 for Martin Luther King Jr. Day. The clinic is from 10 a.m. to 4 p.m. at the JP Jones Community Development Center, 2400 Rickert St. Lawyers will be able to give advice on ... (01/06/2018)
    • Mayor vetoes cutting outside legal services funding - Alliance Mayor Alan Andreani may have been absent from Tuesday’s city council meeting; however, he did submit a letter notifying council of his line-item veto of the 2018 temporary appropriations. During the last meeting of 2017, Andreani listened as ... (01/03/2018)


    Government Contracts

    In 2016, the federal government spent a total of $500,772,815 on Legal Services. It has awarded 10,190 contracts to 1,119 companies, with an average value of $447,518 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount





    Related Reports

    Can't find what you're looking for? We have over a thousand market research reports. Ask us and an analyst will help you find what you need.

    Industries Related to Legal Services

    Legal Services