Companies are willing to obtain legal
services from non-traditional firms that offer a range of professional services.
Clients are looking for companies that have cross functional legal expertise
such as finance, accounting and marketing, and companies that offer services
through online tools such as LegalZoom, Rocket Lawyer and LawDepot. According
to a survey by Deloitte on Legal Services Trends in 2016, about 35% of the
organizations are looking for commercial and non-legal expertise and 18% of
organizations are looking for expertise in digital, data privacy and cyber
security expertise from legal service providers.
THE BUSINESS RESEARCH COMPANY EXPECTS THE
LEGAL SERVICES MARKET TO GROW TO $1+ TRILLION BY 2021
North America was the largest region in the
legal services market in 2017, accounting for half of the market share. This
was due to rise in number of mergers and acquisitions and increased demand for
legal services in areas of litigation, tax and finance.
Read the crop production market report at :
https://www.thebusinessresearchcompany.com/report/legal-services-global-market-report-2018
According to
The Business Research Company’s Consultant, Nitin Gianchandani, an exciting
trend in the legal services market is legal process outsourcing. It involves
outsourcing the work of attorneys, paralegals and other legal professionals to
companies located either domestically within the country or overseas. Both
onshore and offshore outsourcing is transforming legal services as legal
services companies are looking to minimize costs and increase their in-house
capabilities. For instance, many companies in the US and the UK outsource legal
services to countries such as India, the Philippines and South Korea where
employees earn 30 to 70% lower wages, thus boosting the profits of legal
services companies.
Get the sample of the legal services market report
at https://www.thebusinessresearchcompany.com/sample.aspx?id=35&type=smp
Latham & Watkins was the largest company in the legal services market in
2017.
Legal services companies advise clients
(individuals or corporations) about their legal rights and responsibilities,
and represent clients in civil or criminal cases, business transactions and
other matters in which legal advice and other assistance are sought. Legal
services include offices of lawyers, offices of notaries, title abstract and
settlement offices, criminal law and civil law. Legal professionals who provide
such services are solicitors, barristers and lawyers.
Legal Service Global Market Report 2018 is a
detailed report giving a unique insight into this market.
The report is priced
at $6000 for an individual user. To use across your office, the price is $9000
and $12000 if you wish to use across a multinational company.
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