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2025 U.S. Industry Statistics & Market Forecast - Legal Services
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.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Legal Services industry include:- Increased use of technology and automation
- Growth in AI and machine learning applications
- Rise in cybersecurity concerns and data protection regulations
- Demand for more flexible and remote working arrangements
- Shift towards fixed-fee and alternative billing models
- Greater emphasis on diversity and inclusion initiatives
- Expansion of multidisciplinary practices
- Growth in pro bono and legal aid services due to social justice movements
- Pressure from clients for greater transparency and value
- Expansion of online legal services and virtual law firms
- Increasing importance of global legal compliance for multinational corporations
- Growth in the role of legal process outsourcing
- Adoption of blockchain technology in certain legal practices
- Impact of economic fluctuations on demand for legal services
- Increasing competition from non-traditional legal service providers
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 Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Legal Services, Civil Law - Real Estate Law |
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Legal Services, Civil Law - Business And Commercial Law |
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Arbitration And Mediation Services |
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Arbitration And Mediation Services, Excluding International Commercial |
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Legal Research And Document Services |
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Title, Abstract, And Settlement Services |
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Patent, Copyright, And Other Intellectual Property Document Filing And Search Services |
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Other Document Filing And Search Services |
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Process Server Services |
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Notarization And Certification Services |
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All Other Receipts |
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All Other Operating Receipts |
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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.
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 Average | Percent 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 Net Income | ||
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 Ratios | Industry 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). |
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| 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. |
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| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 3% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 1% | |||
| Legal Occupations | 62% | |||
| Lawyers, Judges, and Related Workers | 37% | |||
| Lawyers and Judicial Law Clerks | 37% | |||
| Lawyers | 37% | |||
| Legal Support Workers | 25% | |||
| Paralegals and Legal Assistants | 22% | |||
| Paralegals and Legal Assistants | 22% | |||
| Office and Administrative Support Occupations | 27% | |||
| Secretaries and Administrative Assistants | 14% | |||
| Secretaries and Administrative Assistants | 14% | |||
| Legal Secretaries and Administrative Assistants | 11% | |||
Legal Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Legal Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Legal Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Legal Services industry. |
Source:
Latest Industry News
- Gov. Maura Healey approves $5M for immigrant legal defense fund in FY26 state budget - Gov. Maura Healey approved a $5 million legal defense fund for immigrants as part of the fiscal year 2026 state budget she signed Friday, a pot of money supporters say helps people fight (07/08/2025)
- Georgia lawyers consider limited role for non-attorneys to provide legal assistance - Georgia Supreme Court creates committee to conduct study allowing people with specialized legal training to do limited kinds of attorney work. (07/08/2025)
- General Catalyst gave a legal tech startup $75 million to go company shopping. It just made its first purchase. - Eudia would get $30 million up front and the other $75 million as it found companies to buy. (07/08/2025)
- Mobile legal aid clinic, the ‘Justice Bus,’ launches in SD - A nonprofit providing legal aid to low-income South Dakotans launched the state’s first mobile legal aid office. (07/08/2025)
- DOJ Can Halt Legal Aid Services for Immigrants, Judge Rules (1) - The Justice Department convinced a federal district judge to dismiss a lawsuit that challenged President Donald Trump‘s pause on funding for legal orientation service provider contracts to aid immigrants. (07/07/2025)
- Mayor forms new office for free legal services - As the city’s public defender landscape heads toward a potential crisis, the city this week announced plans to create a new office to connect New Yorkers with free legal services. (07/03/2025)
- Legal services book sale raises hope for low-income families | PennLive letters - Franklin County's 39th annual book sale brings community together while funding crucial civil legal aid, with next year's milestone event already in planning (07/03/2025)
- Revolutionizing Legal Services: Five Years in the Regulatory Sandbox - A June 2017 report by the Legal Services Corp., “The Justice Gap: Measuring the Unmet Civil Legal Needs of Low-income Americans,” highlighted the extent of the justice gap, and the need for innovation to help improve access to legal services. (06/24/2025)
- The Legal Landscape For NFTs In India: What You Need To Know - With the Indian government progressing towards implementing all-round regulation on digital assets, India's NFT sector will become safer and regulated. In the meantime, education, prudence, and professional advice continue to be essential to anyone willing to invest in NFTs. (05/26/2025)
- Kerala High Court Allows Lawyer's Plea Against NCTE For Payment Of Pending Legal Fees, Imposes ?50K Cost - The Kerala High Court recently allowed a writ petition filed by an advocate against the National Council for Teacher Education (NCTE) seeking payment of over Rs 12 Lakh unpaid legal fees, imposing a cost of Rs 50,000 on NCTE finding its conduct "blameworthy". (05/26/2025)
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