Legal service 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.
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The global legal services market has shown decent growth in the past years with a CAGR of over 4%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the legal services market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Global mergers and acquisitions (M&A) increased rapidly across all industries during the historic period. For instance, 2014 saw 635 M&A transactions with an aggregate value of $78 billion in the chemicals industry. Companies realigned portfolios and pursued profitable inorganic growth opportunities. In addition, M&A interest was also fueled by stronger corporate balance sheets, liquid debt markets, and continued favorable interest rates. This drove the legal services market as more companies sought out legal advice.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
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Companies included in the report are Deloitte, Latham & Watkins, Baker & McKenzie, Kirkland & Ellis, and Skadden.
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