Global B2C Legal Services Market Was Valued At USD 130 Billion In 2017

Posted by sainath on August 6th, 2018

B2C legal services market comprises establishments offering practices deal with the body of law that governs the disputes between individuals.

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The global B2C legal services market was valued at USD 130 billion in 2017. This is due to economic growth and technology development.

North America was the largest geographic region in the market, accounting for three-fifth 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.

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The USA was the largest country in the market, accounting for three-tenth 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 Baker & McKenzie, DLA Piper, Latham & Watkins LLP, Skadden, Arps, Slate, Meagher & Flom LLP and Clifford Chance LLP. Baker & McKenzie is ranked as the second-largest international law firm in the world by headcount with 13,000 employees including 6,076 fee earners and 4,700 lawyers on a full-time equivalent basis in 77 offices across 47 countries.

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