PUBLISHER: Grand View Research | PRODUCT CODE: 1588655
PUBLISHER: Grand View Research | PRODUCT CODE: 1588655
U.S. Legal Services Market Size, Share & Trends Analysis Report By Service (Taxation, Real Estate), By Firm Size (Large Firms, Medium Firms), By Application, By Billing Type, By Region, And Segment Forecasts, 2025 - 2030
U.S. Legal Services Market Growth & Trends:
The U.S. legal services market size is estimated to reach USD 462.67 billion by 2030, registering an estimated CAGR of 2.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the increasing demand for legal services as they help companies in lawful matters pertaining to industry presence, size and location, and client activities. Amid the complex business environment and changing business norms, enterprises are required to abide by strict compliance needs. In this regard, legal services help companies remain compliant and competitive in the market.
The growth of the U.S. legal services industry is being further driven by the increasing adoption of advanced technologies across legal services firms. Several law firms in the country are inclined to invest in technology to meet productivity demands and increased workflows at affordable costs. For instance, automation is being employed by several market players as it plays a key role in legal research, document review, and E-discovery involving searching for digital evidence to be used in court.
Another prominent factor accelerating the expansion of the U.S. legal services industry is the increased adoption of chatbots that help law firms optimize their work processes and save time and costs for their clients as well as themselves. Chatbots assist law companies with various activities, such as digitization of data, searching for lawyer-specific documents, and following up with non-responsive clients, etc. In March 2023, PwC announced that it will provide 4,000 of its legal professionals access to an artificial intelligence platform. The company partnered with AI startup Harvey with an aim to help lawyers with regulatory compliance work, contract analysis, due diligence, etc.
Law firms are seeking different ways to assist their clients in minimizing risks and compliance costs by assisting them in better-managing information, creating the path for the adoption of document automation software in legal services. End-users are relieved of the time-consuming task of deciphering the document's terminology with this method. In March 2023, CARET Legal, a software provider for legal and accounting companies, launched Enterprise Advance, its new subscription service with expanded capabilities with the addition of advanced document automation, supported by HotDocs.
Social networking has the potential to completely change the way legal services are delivered. As a result, law professionals are using a variety of social media tools to perform a plethora of legal tasks even while pursuing their career aspirations. Social networking platforms, including Facebook, Twitter, and LinkedIn are predominantly helping law professionals in connecting with a larger audience, which will provide lucrative growth prospects for the U.S. legal services industry.
U.S. Legal Services Market Report Highlights:
- In terms of services, corporate segment is expected to register fastest CAGR over the forecast period owing to the rising cases of arguments over harassment of employees, and organizational discrimination audits, and copyright violation & patent infringement.
- In terms of firm size, small firms segment captured a sizeable revenue share of over 40.0% in 2024. This can be credited to higher preference for these firms as they facilitate dedicated attorneys, effective communication, and personalized services.
- In terms of application, private practicing attorneys segment is estimated to record a notable growth rate from 2025 to 2030 owing to expanded opportunities for attorneys in both large and small and mid-sized businesses.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.2.1. Information analysis
- 1.2.2. Market formulation & data visualization
- 1.2.3. Data validation & publishing
- 1.3. Research Scope and Assumptions
- 1.3.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. U.S. Legal Services Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Technology Challenge
- 3.3. U.S. Legal Services Market Analysis Tools
- 3.3.1. Technology Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
- 3.3.1. Technology Analysis - Porter's
Chapter 4. U.S. Legal Services Market: Service Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. U.S. Legal Services Market: Service Movement Analysis, 2024 & 2030 (USD Billion)
- 4.3. Taxation
- 4.3.1. Taxation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Real Estate
- 4.4.1. Real Estate Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5. Litigation
- 4.5.1. Litigation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6. Bankruptcy
- 4.6.1. Bankruptcy Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7. Labor/Employment
- 4.7.1. Labor/Employment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8. Corporate
- 4.8.1. Corporate Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. U.S. Legal Services Market: Firm Size Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. U.S. Legal Services Market: Firm Size Movement Analysis, 2024 & 2030 (USD Billion)
- 5.3. Large Firms
- 5.3.1. Large Firms Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Medium Firms
- 5.4.1. Medium Firms Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.5. Small Firms
- 5.5.1. Small Firms Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. U.S. Legal Services Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. U.S. Legal Services Market: Application Movement Analysis, 2024 & 2030 (USD Billion)
- 6.3. Private Practicing Attorneys
- 6.3.1. Private Practicing Attorneys Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. Legal Business Firms
- 6.4.1. Legal Business Firms Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5. Government Departments
- 6.5.1. Government Departments Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6. Others
- 6.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. U.S. Legal Services Market: Billing Type Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. U.S. Legal Services Market: Billing Type Movement Analysis, 2024 & 2030 (USD Billion)
- 7.3. Hourly Billing
- 7.3.1. Hourly Billing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4. Flat Fee Billing
- 7.4.1. Flat Fee Billing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5. Contingency Fee Billing
- 7.5.1. Contingency Fee Billing Billing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6. Subscription Billing
- 7.6.1. Subscription Billing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. Kirkland & Ellis LLP
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. Latham & Watkins LLP
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. DLA Piper
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Skadden, Arps, Slate, Meagher & Flom LLP
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. Sidley Austin LLP
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. White & Case LLP
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Morgan Lewis
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Gibson Dunn
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Cravath, Swaine & Moore LLP
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Wachtell, Lipton, Rosen & Katz
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives
- 8.4.1. Kirkland & Ellis LLP
List of Tables
- Table 1 U.S. Legal Services market size estimates & forecasts, 2018 - 2030 (USD Billion)
- Table 2 U.S. Legal Services market, by service, 2018 - 2030 (USD Billion)
- Table 3 U.S. Legal Services market, by firm Size, 2018 - 2030 (USD Billion)
- Table 4 U.S. Legal Services market, by application, 2018 - 2030 (USD Billion)
- Table 5 U.S. Legal Services market, by billing type, 2018 - 2030 (USD Billion)
- Table 6 Taxation U.S. Legal Services market, 2018 - 2030 (USD Billion)
- Table 7 Real Estate U.S. Legal Services market, 2018 - 2030 (USD Billion)
- Table 8 Litigation U.S. Legal Services market, 2018 - 2030 (USD Billion)
- Table 9 Bankruptcy U.S. Legal Services market, 2018 - 2030 (USD Billion)
- Table 10 Labor/Employment U.S. Legal Services market, 2018 - 2030 (USD Billion)
- Table 11 Corporate U.S. Legal Services market, 2018 - 2030 (USD Billion)
- Table 12 Large Firms U.S. Legal Services market, 2018 - 2030 (USD Billion)
- Table 13 Medium Firms U.S. Legal Services market, 2018 - 2030 (USD Billion)
- Table 14 Small Firms U.S. Legal Services market, 2018 - 2030 (USD Billion)
- Table 15 Private Practicing Attorneys U.S. Legal Services market, 2018 - 2030 (USD Billion)
- Table 16 Legal Business Firms U.S. Legal Services market,, 2018 - 2030 (USD Billion)
- Table 17 Government Departments U.S. Legal Services market, 2018 - 2030 (USD Billion)
- Table 18 Others U.S. Legal Services market,, 2018 - 2030 (USD Billion)
- Table 19 Hourly Billing U.S. Legal Services market,, 2018 - 2030 (USD Billion)
- Table 20 Flat Fee Billing U.S. Legal Services market,, 2018 - 2030 (USD Billion)
- Table 21 Contingency Fee Billing U.S. Legal Services market, 2018 - 2030 (USD Billion)
- Table 22 Subscription Billing U.S. Legal Services market, 2018 - 2030 (USD Billion)
List of Figures
- Fig. 1 U.S. legal services market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 U.S. legal services market snapshot
- Fig. 7 U.S. Legal Services market segment snapshot
- Fig. 8 U.S. Legal Services market competitive landscape snapshot
- Fig. 9 Market research process
- Fig. 10 Market driver relevance analysis (current & future impact)
- Fig. 11 Market restraint relevance analysis (current & future impact)
- Fig. 12 U.S. Legal Services market, by service, key takeaways
- Fig. 13 U.S. Legal Services market, by service, market share, 2024 & 2030
- Fig. 14 Taxation market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 15 Real Estate market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 16 Litigation market estimates & forecasts, 2018 - 2030 (USD Billion
- Fig. 17 Bankruptcy market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 18 Labor/Employment market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 19 Corporate market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 20 U.S. legal services market, by firm size, key takeaways
- Fig. 21 U.S. legal services market, by firm size, market share, 2024 & 2030
- Fig. 22 Large firms market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 23 Medium firms market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 24 Small firms market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 25 U.S. legal services market, by application, key takeaways
- Fig. 26 U.S. legal services market, by application, market share, 2024 & 2030
- Fig. 27 Private practicing attorneys market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 28 Legal business firms market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 29 Government departments market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 30 Others market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 31 U.S. Legal Services market, by billing Type, key takeaways
- Fig. 32 U.S. legal services market, by billing type, market share, 2024 & 2030
- Fig. 33 Hourly billing market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 34 Flat fee billing market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 35 Contingency fee billing market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 36 Subscription billing market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 37 Strategic framework
