What is International Legal Services Market?
International legal services include providing legal services like taxation, litigation, commercial compliance, litigation, international trade, etc. to the foreign companies that operate or conduct business activities in the particular country. The increasing global expansion of various types of businesses has created noteworthy growth for the international legal service market to meet the regulations, norms, and standards of different countries.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | ILS LLP (Kazakhstans), Interlegal (Switzerland), Tully Rinckey PLLC (United States), Clarke Willmott (United Kingdom), Lawants (Spain), Norton Rose Fulbright (United Kingdom), Dentons (United Kingdom), Baker McKenzie (United States), Latham & Watkins (United States), Kirkland & Ellis (United States), Clifford Chance (United Kingdom), DLA Piper (United Kingdom), Sidley Austin LLP (United States) and Hogan Lovells (United Kingdom) |
The market study is being classified by Type (Finance, Taxation, Litigation, Labor, International Trade and Others), by Application (Personal and Commercial/Business) and major geographies with country level break-up. According to AMA, the Global International Legal Services market is expected to see steady growth rate.
ILS LLP (Kazakhstans), Interlegal (Switzerland), Tully Rinckey PLLC (United States), Clarke Willmott (United Kingdom), Lawants (Spain), Norton Rose Fulbright (United Kingdom), Dentons (United Kingdom), Baker McKenzie (United States), Latham & Watkins (United States), Kirkland & Ellis (United States), Clifford Chance (United Kingdom), DLA Piper (United Kingdom), Sidley Austin LLP (United States) and Hogan Lovells (United Kingdom) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States and United Kingdom Players will contribute to the maximum growth of Global International Legal Services market throughout the forecasted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global International Legal Services market by Type, Application and Region.
On the basis of geography, the market of International Legal Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Globalization and Different Regulatory Steps & Procedure in the Different Countries
- Growing Demand for Non-Traditional or Alternative Legal Service Providers Among End Users
Market Trend
- Increasing Installation and Use of Technologically Advanced Solutions by the Service Providers to Deliver Best and Quick Services to Their Clients
Restraints
- Growth in Outsourcing and New Types of Legal Services & New Norms of Delivery of Legal Services May Hamper the Growth
Opportunities
- Current Economic Conditions like Slow Down and Inflation Due to Covid-19 Pandemic and Russia Ukraine war
- Prominent Growth of Legal Service Market in the United States
Challenges
- Recruitment and Talent Retention is the Biggest Challenge for Law Firms
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, International Legal Service Providers, Venture Capitalists and Private Equity Firms, Government Bodies, End-users and Others