B2B Legal Services Market worldwide was worth $ 448.39 billion for the year 2021. AMR Group projects that the market will reach US$ 934.1 billion by 2031, growing at a CAGR of 6.9 % between 2022 and 2031.
The shortage of skilled professionals in the sector would probably put pressure on the B2B legal services market. Consequences of a skilled personnel shortage include a high rate of employee turnover, inadequate staff management, increased business expenses, and clientele loss.
Due to an increase in mergers and acquisitions, the B2B legal services market grew. Businesses must engage legal firms in order to complete merger and acquisition transactions. According to Refinitiv statistics, declared pending and completed deal value would amount more than $3.6 trillion for the year as a whole in 2021, surpassing the $3.59 trillion for the entire year in 2020. Increased mergers and acquisitions were the main driver of the B2B legal services sector.
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.
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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
Reasons to Purchase this Market Report:
- The competitive environment includes the proportions of important players, recent innovations, and strategy.
- Companies with extensive product offerings, pertinent financial data, recent advancements, SWOT analyses, and player tactics.
- Quantitative, qualitative, value (in USD million), and volume (in units million) data are among the segments and sub-segments.
- The research contains a wealth of data, including market dynamics and opportunities throughout the forecast period.
- Data at the regional, sub-regional, and national levels also provides information on the market’s supply and demand dynamics.
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