B2B legal services market
comprises establishments offering practices that deal with the body of law
governing the disputes between businesses.
Read More: https://www.thebusinessresearchcompany.com/report/b2b-legal-services-global-market-report-2018
The global B2B legal services market was
valued at $350 billion in 2017. This is due to the economic growth and
technology development.
North America was the largest geographic
region in the market, accounting for half of the global market share, due to
high demand for services such as accounting, legal, advertising, photographic
services and other professional services from companies across all industries.
The USA was the largest country in the
market, accounting for half of the global market share, due to the presence of large
number of commercial establishments seeking accounting, legal, and management
consulting, advertising and other professional services. The USA was followed
by China as the next largest country in the market.
The major competitors in the market are Clifford
Chance, Freshfields Bruckhaus Deringer, Linklaters, Skadden, Arps, Slate,
Meagher & Flom LLP, Allen & Overy. Clifford Chance LLP is a multinational law
firm headquartered in London, United Kingdom, and a member of the
"Magic Circle" of leading British law firms. It is one of the ten
largest law firms in the world measured both by number of lawyers and
revenue. In 2016/17, Clifford Chance had total revenues of £1.54 billion,
the highest of any firm in the Magic Circle, and record profits per equity
partner of £1.375 million.
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