Law Firms in the US - IBISWorld Industry Market Research

Law Firms in the US

Law Firms in the US - IBISWorld Industry Market Research
Law Firms in the US
Published Sep 30, 2015
32 pages — Published Sep 30, 2015
Price US$ 910.00  |  Buy this Report Now

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Law Firms industry growth has been modest in the past five years, as cost-weary businesses declined to pursue outside legal counsel. However, industry revenue in the next five years is expected to grow at a more robust pace, particularly for large firms, as higher corporate profit margins and increased corporate activity increase demand for legal services. Additionally, an anticipated increase in new businesses, alongside an influx of new laws and regulations, will expand industry operators' potential clientele. Furthermore, an expected increase in consumer disposable income will aid smaller industry participants by increasing demand for services like estate and trust planning, although these firms will face rising external competition from online services.

This industry comprises offices of legal practitioners, known as lawyers or attorneys, who primarily practice law. Establishments provide expertise on a range of areas or specific areas of law, such as criminal, corporate, family and estate, patent, real estate or tax.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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IBISWorld Industry Market Research. "Law Firms in the US" Sep 30, 2015. Alacra Store. Oct 26, 2016. <>
IBISWorld Industry Market Research. (2015). Law Firms in the US Sep 30, 2015. New York, NY: Alacra Store. Retrieved Oct 26, 2016 from <>
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