Legal Document Management Software Global Market Report 2024

Description

Legal document management software is specialized software designed to facilitate the creation, organization, retrieval, and sharing of legal documents within law firms. This software aids legal professionals in streamlining document-related workflows, boosting productivity, and ensuring compliance with legal and regulatory standards.

There are two primary types of legal document management software such as on-premises and cloud-based. On-premises software or hardware is installed and operated within an organization's physical location or data center, rather than being accessed remotely via the internet. It is deployed across various enterprises, including large corporations and small to medium-sized businesses, serving different sectors such as law firms, attorneys, and courts. Additionally, it caters to diverse end users, including legal professionals, legal secretaries, and paralegals.

The legal document management software market research report is one of a series of new reports from The Business Research Company that provides legal document management software market statistics, including legal document management software industry global market size, regional shares, competitors with a legal document management software market share, detailed legal document management software market segments, market trends and opportunities, and any further data you may need to thrive in the legal document management software industry. This legal document management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The legal document management software market size has grown rapidly in recent years. It will grow from $2.26 billion in 2023 to $2.60 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The growth observed during the historic period can be attributed to several factors. These include the increasing complexity of regulations and compliance requirements, the growing demand for collaboration tools, and the globalization of business operations leading to an uptick in cross-border transactions.

The legal document management software market size is expected to see rapid growth in the next few years. It will grow to $4.62 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The anticipated growth in the forecast period can be attributed to several factors. These include the increased adoption of cloud-based solutions, a heightened focus on user experience (UX) and mobility, the rise of remote work and virtual collaboration practices, and client expectations for transparency and efficiency in legal document management processes. Major trends expected during this period include the integration of AI-powered document automation, blockchain technology for enhanced document security, integration with the legaltech ecosystem, the adoption of hybrid cloud solutions for increased flexibility, and a continued emphasis on enhancing user experience (UX).

The increasing adoption of cloud-based solutions by law firms is poised to drive the growth of the legal document management software market. Cloud-based solutions, which encompass remotely hosted, managed, and accessed software applications, services, or platforms over the internet, are gaining traction among law firms due to their cost efficiency and accessibility. These solutions enable lawyers to access case files from any device, enhancing flexibility and productivity. Cloud-based solutions also offer legal document management software greater flexibility, efficiency, and security, making them indispensable tools for modern law firms and legal departments. For example, data from the American Bar Association revealed a modest increase of 1% in the adoption of cloud technology among law firms, rising from 59% in 2020 to 60% in 2021, underscoring the pivotal role of cloud-based solutions in propelling the growth of the legal document management software market.

Key players in the legal document management software market are focused on developing legal case and matter management software solutions tailored to the evolving needs of law firms and legal professionals. One such solution is Legal Files 12.0, a legal case and matter management software designed to streamline legal workflows, enhance organization, and improve efficiency for various legal entities. Legal Files Software, Inc. launched Legal Files 12.0 in August 2022, incorporating customer enhancement requests and ideas to make the system more responsive and personalized. This software provides tools for document organization, quick information retrieval, and efficient workflows through alerts, notifications, and follow-ups.

In October 2022, NetDocuments expanded its offerings in the legal document management space by acquiring Worldox, a developer of document management systems serving law firms. This strategic acquisition enables NetDocuments to offer a leading cloud document management system (DMS) and align customers for success in the legal tech landscape. NetDocuments emphasizes a customer-centric approach, focusing on addressing document management challenges and enhancing legal automation to meet the evolving needs of law firms and legal professionals.

Major companies operating in the legal document management software market are Thomson Reuters Corporation, iManage LLC, Legal Suite USA LLC, Handshake Software Inc., AbacusNext International LLC, NetDocuments Software Inc., CaseWare International Inc., Filevine Inc., Merus Inc., DocuWare Corporation, MyCase Inc., Gavel & Gown Software Inc., PracticePanther Legal Software LLC, World Software Corporation, TimeSolv Corporation, Legal Files Software Inc., Prevail Inc., LogicBit Software LLC, LegalSifter Inc., Zola Media LLC, Smokeball LLC, Law Ruler Software LLC, TrialWorks LLC, Themis Solutions Inc., Needles Inc.

North America was the largest region in the legal document management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the legal document management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the legal document management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The legal document management software market includes revenues earned by entities by providing services such as document version control, document indexing and search, document security, and reporting and analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Type: On-Premises; Cloud-Based
2) By Deployment: Large Enterprises; Small And Medium Enterprises
3) By Application: Law Firms And Attorneys; Court
4) By End-User: Legal Professionals; Legal Secretaries; Paralegals
Covering: Thomson Reuters Corporation; iManage LLC; Legal Suite USA LLC; Handshake Software Inc.; AbacusNext International LLC

Product Code: r17383

1. Executive Summary

2. Legal Document Management Software Market Characteristics

3. Legal Document Management Software Market Trends And Strategies

4. Legal Document Management Software Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Legal Document Management Software Market Size and Growth

5.1. Global Legal Document Management Software Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Legal Document Management Software Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Legal Document Management Software Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Legal Document Management Software Market Segmentation

6.1. Global Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
On-Premises
Cloud-Based
6.2. Global Legal Document Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Large Enterprises
Small And Medium Enterprises
6.3. Global Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Law Firms And Attorneys
Court
6.4. Global Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Legal Professionals
Legal Secretaries
Paralegals

7. Legal Document Management Software Market Regional And Country Analysis

7.1. Global Legal Document Management Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Legal Document Management Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Legal Document Management Software Market

8.1. Asia-Pacific Legal Document Management Software Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Legal Document Management Software Market

9.1. China Legal Document Management Software Market Overview
9.2. China Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Legal Document Management Software Market

10.1. India Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Legal Document Management Software Market

11.1. Japan Legal Document Management Software Market Overview
11.2. Japan Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Legal Document Management Software Market

12.1. Australia Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Legal Document Management Software Market

13.1. Indonesia Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Legal Document Management Software Market

14.1. South Korea Legal Document Management Software Market Overview
14.2. South Korea Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Legal Document Management Software Market

15.1. Western Europe Legal Document Management Software Market Overview
15.2. Western Europe Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Legal Document Management Software Market

16.1. UK Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Legal Document Management Software Market

17.1. Germany Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Legal Document Management Software Market

18.1. France Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Legal Document Management Software Market

19.1. Italy Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Legal Document Management Software Market

20.1. Spain Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Legal Document Management Software Market

21.1. Eastern Europe Legal Document Management Software Market Overview
21.2. Eastern Europe Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Legal Document Management Software Market

22.1. Russia Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Legal Document Management Software Market

23.1. North America Legal Document Management Software Market Overview
23.2. North America Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Legal Document Management Software Market

24.1. USA Legal Document Management Software Market Overview
24.2. USA Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Legal Document Management Software Market

25.1. Canada Legal Document Management Software Market Overview
25.2. Canada Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Legal Document Management Software Market

26.1. South America Legal Document Management Software Market Overview
26.2. South America Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Legal Document Management Software Market

27.1. Brazil Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Legal Document Management Software Market

28.1. Middle East Legal Document Management Software Market Overview
28.2. Middle East Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Legal Document Management Software Market

29.1. Africa Legal Document Management Software Market Overview
29.2. Africa Legal Document Management Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Legal Document Management Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Legal Document Management Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Legal Document Management Software Market Competitive Landscape And Company Profiles

30.1. Legal Document Management Software Market Competitive Landscape
30.2. Legal Document Management Software Market Company Profiles
- 30.2.1. Thomson Reuters Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. iManage LLC
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Legal Suite USA LLC
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Handshake Software Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. AbacusNext International LLC
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Legal Document Management Software Market Other Major And Innovative Companies

31.1. NetDocuments Software Inc.
31.2. CaseWare International Inc.
31.3. Filevine Inc.
31.4. Merus Inc.
31.5. DocuWare Corporation
31.6. MyCase Inc.
31.7. Gavel & Gown Software Inc.
31.8. PracticePanther Legal Software LLC
31.9. World Software Corporation
31.10. TimeSolv Corporation
31.11. Legal Files Software Inc.
31.12. Prevail Inc.
31.13. LogicBit Software LLC
31.14. LegalSifter Inc.
31.15. Zola Media LLC

32. Global Legal Document Management Software Market Competitive Benchmarking

33. Global Legal Document Management Software Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Legal Document Management Software Market

35. Legal Document Management Software Market Future Outlook and Potential Analysis

35.1 Legal Document Management Software Market In 2028 - Countries Offering Most New Opportunities
35.2 Legal Document Management Software Market In 2028 - Segments Offering Most New Opportunities
35.3 Legal Document Management Software Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer