Global legaltech artificial intelligence market expected to generate around USD 37,858 million by 2026, at a CAGR of around 35.94% between 2019 and 2026. The demand from North America is anticipated to stay the highest and expected to register approximately 46% market share in 2018. It is anticipated to expand at a CAGR of 18.1% during the forecast period. An industry size business plan is necessary for budgeting and marketing, especially for those who will seek third-party financing. Market Study Report, LLC, has recently added a concise research on the Online Legal Services Platform market to depict valuable insights related to significant market trends driving the industry. As a Premium user you get access to the detailed source references and background information about this statistic. In particular, Lax O'Sullivan Lisus Gottlieb LLP and Lenczner Slaght LLP are both highly regarded for dispute resolution, Smart & Biggar is a leader in intellectual property and Cassidy Levy Kent LLP excels in international trade law. Necessary cookies are absolutely essential for the website to function properly. Browse all firms with extended profiles for Canada. To be a lawyer in any State in … The province entered a mild recession toward the end of 2019, which pushed GDP down by 0.2% on 2018. Canada’s sophisticated legal market has become a key strand in the international networks of several major global law firms: Baker McKenzie, DLA Piper (Canada) LLP, Dentons, Gowling WLG and Norton Rose Fulbright all have full-service offerings in the country. The global legal services market size was valued at USD 794.50 billion in 2018 and is expected to register a CAGR exceeding 4.1% from 2019 to 2025. You only have access to basic statistics. Size of the legal services market worldwide from 2015 to 2023 (in billion U.S. dollars) [Graph]. Cassels Brock & Blackwell LLP and Fasken are top-choice firms for mining deals, while Bennett Jones LLP is a leader in the oil and gas space, and in Western Canada more generally. Nationally, the pandemic saw Canada’s GDP fall by an unprecedented 11.6% in April 2020. 8,400 crore) by March 2018. We'll assume you're ok with this, but you can opt-out if you wish. Therefore, the sharp downturn in the energy market off the back of a halted global economy has dealt a significant blow to the country’s already struggling oil and gas market. In a new graphic, titled “How Big is the US Legal Services Market?” created by Legal Executive Institute, the size of the US legal market is estimated to be about $437 billion currently. You can only download this statistic as a Premium user. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Legal Process Outsourcing Market Size And Forecast. Among the key trends, banking and capital markets lawyers have reported a flight to refinancing, especially early on in the pandemic, as clients attempted to shore up against the coming crisis. Canada, Research the latest country comparative guides by practice area for Canada. It is anticipated to expand at a CAGR of 18.1% during the forecast period. ** This Statista estimate is based on the 2023 values and the compound annual growth rate from 2021 to 2023 of 5%, which were provided by the source. The global artificial intelligence market size is expected to reach $169,411.8 million in 2025, from $4,065.0 million in 2016 growing at a CAGR of 55.6% from 2018 to 2025. Some regional courts, not initially geared up to meet the technological challenges of virtual hearings, have quickly modernized to avoid case backlogs. Legal Analytics Market was valued at USD 740.14 Million in 2019 and is projected to reach USD 6,625.95 Million by 2027, growing at a CAGR of 31.5% from 2020 to 2027.. Published by Statista Research Department, Nov 4, 2020 In 2021, the global legal services market is projected to recover and reach 767.1 billion U.S dollars after the … Legal Marijuana Market Size 2024: Detail Research on Stakeholders, Product Types, Potential Applications and Regional Trends Posted on Jul 14 2020 10:02 AM "Global Legal Marijuana Market research report are aimed at providing a thorough insight into the market in worldwide which can be used by various manufacturers/brands rather are Medicine Man, Canopy Growth, Aphria and more. New, Everything you need to know about the industry development, Find studies from all around the internet. However, the country’s robust response to the health emergency ensured that containment measures could be eased relatively quickly and preliminary reports from Statistics Canada show that recovery began in May, with GDP increasing by 3% that month. Chart. California Cannabis Market. It was followed by Canada with about $1.7 billion. Trade lawyers are also expecting a flurry of activity in the coming months. This statistic shows the size of the legal cannabis market worldwide from 2018 to 2024, by country. The global legal marijuana market size was estimated at USD 17,685.28 million in 2019 and is expected to reach USD 22,956.07 million in 2020. insight January 22, 2021. Legal Analytics Market Size And Forecast. In, Statista. 2500 crore) can be attributed to “contentious legal work,” which includes practices of complex litigation and arbitration. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Most of these firms have at least one international office, generally in New York and/or London. (September 2, 2020). legal work law fi rms provide. The global legal services market size is anticipated to reach USD 1,045.24 billion by 2025, exhibiting a CAGR of 4.1% over the forecast period, according to this report. The legal services sector of the United Kingdom is a significant part of the national economy; it had a total output of £22.6 billion in 2013, up from 10.6 billion in 2001, and is equivalent to 1.6% of the country's gross domestic product for that year. Dispute resolution continues to climb. Finally, French-speaking Quebec is an especially distinct legal market; it retains a civil code for private law separate from the rest of Canada’s common law system. Number of lawyers in the U.S. 2007-2020. The largest legal centre is Toronto, Ontario, which is the base for most of the country’s largest corporate deals. Overall market trends. Artificial intelligence (AI) is increasingly transforming the field of law practice. Legal Process Outsourcing Market Size And Forecast. Size of the legal services market in the U.S. by category 2019-2020. Global Legal Marijuana Market Size, Share, Trends and industry analysis now available from IndustryARC.Report reveals Legal Marijuana Market in the industry by Type, Products and application. The growing use of latest technologies in offering legal services is expected to drive the market growth. Legal Cannabis Market 2020 Key players, Industry Size, Share, Price, Trend and Forecast to 2025. Please do not hesitate to contact me. The global legal marijuana market size is expected to reach USD 73.6 billion by 2027, according to a new report published by Grand View Research, Inc. "Size of the legal services market worldwide from 2015 to 2023 (in billion U.S. Request For Customization Request Free Brochure Request Free Sample Prebook . * This Statista estimate is based on the 2019 values and the compound annual growth rate from 2015 to 2019 of 5%, which were provided by the source. This feature is limited to our corporate solutions. These cookies do not store any personal information. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Canada has responded by imposing 10% tariffs on US aluminum and aluminum-containing imports. 24 . Canada’s GDP growth slowed slightly in 2019 to 1.6%, with low oil prices and a cooling housing market dragging down business investment and residential investment, respectively. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. After Legal Tech New York in early February, it is easy to forget that legal software includes more than eDiscovery. But that hasn’t stopped sales in the state from eclipsing the other states with recreational sales. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Recent highlights. This category only includes cookies that ensures basic functionalities and security features of the website. ", Statista, Size of the legal services market worldwide from 2015 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/605125/size-of-the-global-legal-services-market/ (last visited March 12, 2021), Size of the legal services market worldwide from 2015 to 2023, Size of the global legal services market 2015-2023, Industry revenue of “legal services“ in the U.S. 2012-2024, Law firms in the United States with the highest number of lawyers in 2019, Average profit per equity partner of the leading U.S. law firms 2015-2019, Share of unemployed law graduates in the U.S. in the class years 2013-2019, Number of employees in legal occupations in the U.S. 2012-2022, Number of employees in legal occupations in the U.S. by category 2019. The Australia legal cannabis market size was valued at USD 171.7 million in 2019 and is projected to expand at a compound annual growth rate (CAGR) of 42.1% from 2020 to 2026. Canada’s provincial jurisdictions align closely with the country’s economic sectors, and the individual character of each of those distinct legal environments cannot be overstated. Following the double-barrelled impact of low oil prices and dried-up energy demand, economists are predicting a 7% decline in GDP for 2020. ET The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain through primary research. You need at least a Single Account to use this feature. However, with few exceptions, the truly marquis corporate and finance mandates go to Canada’s so-called ‘Seven Sisters’: Blake, Cassels & Graydon LLP, Davies Ward Phillips & Vineberg LLP, Goodmans LLP  , McCarthy Tétrault, Osler, Hoskin & Harcourt LLP, Stikeman Elliott LLP and Torys. An exhaustive secondary research was done to collect information on the market, the peer market. We would like to show you a description here but the site won’t allow us. A detailed outline about Legal Marijuana market size and share were combined in this report which gives a comprehensive analysis of different verticals … Wise Guy Consultants Pvt. Canada is also home to a number of impressive boutiques. The UK legal services market was valued at 35.1bn in 2018, increasing by 6.3% at current prices on the previous year. What qualifications does a lawyer need to be a personal injury lawyer? This website uses cookies to improve your experience while you navigate through the website. This statistic is not included in your account. That said, several other full-service Canadian firms dominate in specific sectors or regions. © 2021 Legalease Ltd. All rights reserved, Registered company in England & Wales No. Profit from additional features by authenticating your Admin account. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Please create an employee account to be able to mark statistics as favorites. This demonstrates that mid-sized Australian businesses continue to feel the need to consolidate so as to remain competitive against the larger market players. Canada boasts the third-largest proven crude oil reserves globally and the sector represents around 66.4% of the country’s overall natural resources total. Corporate solution including all features. Press Release Legal Marijuana Market Size, Share Valuation to Reach USD 90.5 billion By 2027 Published: Dec. 21, 2020 at 3:49 a.m. The LPO model envisages procuring legal support services, usually provided by in-house legal professionals and attorneys, from … Tomorrow. According to Verified Market Research, the Global Legal Process Outsourcing Market was valued at USD 6,678.36 Million in 2019 and is projected to reach USD 80,958.32 Million by 2027, growing at a CAGR of 35.94% from 2020 to 2027.. Legal process outsourcing can be performed in two ways, including on-shoring and offshoring. Size of the legal services market in the U.S. by category 2019-2020, Number of law graduates in the U.S. 2013-2019, Law firms in the United States with the highest revenue per lawyer in 2019. Global Legal Services Market: Overview. It is mandatory to procure user consent prior to running these cookies on your website. Legal Services Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026 Category: Consumer Goods Report Format : PDF Report Code: ZMR-4441 Status : Upcoming. Artificial intelligence has been one of the fastest-growing technologies in recent years. Legal Marijuana Market Latest Trends, Sales Insights, Size Estimation, Research Insights, COVID … March 10, 2021 Databridgemarketresearch.com added a new study on Legal Marijuana Market Research Review 2020 that has been just made available providing an extensive knowledge and perceptions of the industry. As soon as this statistic is updated, you will immediately be notified via e-mail. Legal Analytics Market Size And Forecast. Considering the product spectrum, the overall Online Legal Services market size is segregated into Personal Service and Business Service, as claimed by the report. eDiscovery Software and Services Market Size (Figures 1, 2, 3, and 4) Originally estimated by ComplexDiscovery to reach $12.66B in market size during 2020, revised estimates for the eDiscovery market reflect an adjustment to a newly estimated market size of $10.89B for 2020. 2 time 68% litigation/ disputes 41% mergers & acquisitiions 30% 29% intellectual property 27% alternative dispute resolution market size$437 billion 1 $160b corporate legal dept $108b small law firms (1-29 attorneys) $73b mid size law firms (30-174 attorneys) $95b large law firms (175+ attorneys) $1b legal process outsourcers 21% am law top 25 47% New, Figures and insights about the advertising and media world, Industry Outlook facts. This was before COVID-19 made its way to Canadian soil. November 19, 2020 10:15 AM Eastern Standard Time LONDON-- (BUSINESS WIRE)--The global legal practice management software market size is poised to grow by USD 933.52 million … The sector has a trade surplus is £3.1 billion in 2013 and directly employees 316,000 people, two-thirds of whom are located outside London. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. The ideal entry-level account for individual users. After nearly a year of solid relations with the US — Canada’s number one trading partner — President Trump’s recent sabre-rattling may herald a US-Canada trade war. The global Legal Marijuana Market size is expected to be more than USD 90.5 billion by 2027. Today, enterprise legal management software provider Mitratech provides a good reminder.. Mitratech’s just-published “Catching the Wave” report sizes the market for legal tech (excluding e-discovery). A paid subscription is required for full access. British Columbia also is an important province for natural resources work, including forestry and mining. Of this market value, around $400 million (just over Rs. Against that backdrop, activity at Canada’s largest law firms has remained surprisingly stable. Key factors supporting the growth are the increasing legalization of marijuana … Nevertheless, M&A activity numbers from the 2015 financial year also reflect a number of large deals, such as the $8bn takeover of Toll Holdings by Japan Post and BHP Billiton’s demerger from South32, among others. Industry Trends. States with the highest employment in legal occupations in the U.S. Employee wages of legal occupations in the U.S. 2019, States with the highest wages for legal occupations in the U.S. 2019, Total number of equity partners working at the leading U.S. law firms 2016-2019, Average hours spent on pro bono work at U.S. law firms by type of lawyer 2019, Gender distribution of employees in the legal profession in the U.S. 2018, Employee gender distribution in the best 60 law firms for women in the U.S. 2018, U.S. law firms with the highest percentage of minority attorneys 2019, U.S. law firms with the highest percentage of Asian-American attorneys 2019, U.S. law firms with the highest percentage of African-American attorneys 2019, U.S. law firms with the highest percentage of Hispanic attorneys 2019, Technology used globally to manage disputes 2018, Share of U.S. law firms by legal services which are a threat to their business 2020, Methods used by U.S. law firms to increase efficiency of legal services 2017-2020, Top challenges of law firms in North America 2018, Biggest challenges regarding cloud computing for law firms in the U.S. 2017-2019, General counsels' most important factor when selecting law firms worldwide 2017, Litigation/practice support personnel training in global legal departments 2016-2018, Proportion of work outsourced by organizations to large law firms globally 2017, Quarterly confidence index of the legal industry in the U.S. 2014-2015, Share of the global legal services market by region or country 2017, Size of the legal market in the U.S. 2016, by category, Corporate outside legal counsel spending in the U.S. 2001-2020, Social media data collection by law firms and legal departments worldwide 2016-2018, Corporate legal affairs spending in the U.S. 2001-2014, Managed services used for litigation/practice support worldwide 2016-2018, Size of the global legal services market in select countries 2016, Share of the global legal services market in select countries 2016, Share of law firms with litigation/practice support worldwide by size 2016-2018, States with the highest employment of paralegals and legal assistants in U.S. 2019, Challenges of using international law firms worldwide 2018, Production value of legal & accounting activities in Poland 2008-2016, Turnover of the legal & accounting activities industry in the UK 2008-2016, Industry revenue of »legal and accounting activities« in Malta 2011-2023, Legal activities revenue in Sweden 2010-2022, Industry revenue of “other legal services“ in New York 2012-2024, Size of the legal services market worldwide from 2015 to 2023 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, the United States accounted for almost half of the global market, half of U.S. law firms reported using technology to replace human resources, legal technology improves service delivery, reduces costs and is crucial to the future of the industry. Google has many special features to help you find exactly what you're looking for. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Alberta, which houses the bulk of Canada’s energy market, has been hit particularly hard. Before launching a new product or service in an area, knowing the market size … Most venture capitalists want to know the potential size of the market for the businesses they're investing in. These cookies will be stored in your browser only with your consent. Cannabinoids are the newest entrants in the medical cannabis industry. Legal Tech Market Report November 29, 2017 By Catalyst Research Team . Cannabis Market in North America. Legal Process Outsourcing Market size exceeded USD 3 billion in 2016 and is poised to witness over 35% growth from 2017 to 2024.. Get more details on this report - Request Free Sample PDF The emergence of advanced technologies, such as artificial intelligence and natural language processing, is providing faster and reliable methods in the legal process outsourcing market. Legal Marijuana Market Size, Share, Growth Trends, Top Companies, Regional Outlook, and Forecast by 2030 | QC Infusion, Lexaria Corp, Maricann Group. The global legal marijuana market size is anticipated to grow by a value of USD xx billion by end of 2025, due to factors like increased adoption in several medical treatments for chronic pain, cancer, and medical disorder. The report offers a comprehensive analysis of the market so that readers can be guided on future opportunities and high-profit areas in the industry. Alberta is home to Canada’s oil and gas industry and thus Calgary has developed into a hub for energy work. This adjustment is a decrease of approximately 14% from pre-COVID 2020 forecasts. The global Legal Marijuana Market size is expected to be more than USD 90.5 billion by 2027 Description; Table of Content; Request Free Sample ; Buying Inquiry ; Description. The North America legal cannabis market amounted to almost $14 billion in 2019, growing by 30 percent on the year. 2427356 VAT 321572722, Registered address: 188 Fleet Street, London, EC4A 2AG. and over 1 Mio. In August 2020, the US announced a 10% tariff on imports of non-alloyed unwrought aluminum products from Canada. Definition of MARKET SIZE: A specific market's entity count of potential product or service buyers and/or sellers. The study elucidates information with respect to the market share held by every product as well … According to Verified Market Research, the Global Legal Process Outsourcing Market was valued at USD 6,678.36 Million in 2019 and is projected to reach USD 80,958.32 Million by 2027, growing at a CAGR of 35.94% from 2020 to 2027.. Legal process outsourcing can be performed in two ways, including on-shoring and offshoring. Statista. Scope Of Legal Marijuana Market: Latest research report on Market 2020 Legal Marijuana published by insightSLICE, starts with the market description, executive report, segmentation and classification. Register in seconds and access exclusive features. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. Legal market overview in Canada Canada’s GDP growth slowed slightly in 2019 to 1.6%, with low oil prices and a cooling housing market dragging down business investment and … Scope Of Legal Marijuana Market: Latest research report on Market 2020 Legal Marijuana published by insightSLICE, starts with the market description, executive report, segmentation and classification. An exponential development of the market was assumed. Today, enterprise legal management software provider Mitratech provides a good reminder.. Mitratech’s just-published “Catching the Wave” report sizes the market for legal tech (excluding e-discovery). Are you interested in testing our corporate solutions? Legal Process Outsourcing Market size is set to cross USD 40 billion by 2024; according to a new research report by Global Market Insights, Inc.. An exponential development of the market was assumed. We also use third-party cookies that help us analyze and understand how you use this website. Analyses the current industry situations on a large scale to provide developments, market size … Databridgemarketresearch.com added a new study on Legal Marijuana Market Research Review 2020 that has been just made available providing an extensive knowledge and perceptions of the industry. The increasing legalization of cannabis for … dollars)." You need a Single Account for unlimited access. The increasing adoption of the Legal Process Outsourcing (LPO) model is expected to provide an impetus to the market growth. Legal Analytics Market is anticipated to be driven by growing demand for automation in legal analytics to simplify the data-driven process and to make increase in revenue of law firms Legal Analytics Market Size, Share, Trends, Insights, Growth, Export Value, Shipment, Volume & Trade, Sales, Pricing Forecast Borden Ladner Gervais LLP is a standout player in the power sector, and Calgary’s Burnet Duckworth & Palmer LLP is a regional heavyweight and is considered a leading business law firm in Alberta. Statista. Legal Analytics Market is anticipated to be driven by growing demand for automation in legal analytics to simplify the data-driven process and to make increase in revenue of law firms Legal Analytics Market Size, Share, Trends, Insights, Growth, Export Value, Shipment, Volume & Trade, Sales, Pricing Forecast