US legal services market is the largest in the world with 47% of global revenue in 2018.


Posted February 11, 2019 by Aarkstore

The legal services market include practitioners of law operating in every sector of the legal industry - commercial, criminal, legal aid, insolvency.

 
Aarkstore Enterprise announced latest Market Research Report Titled “Legal Services - Global Market Research Report and Forecast to 2023”

In the 21st century, Legal Services has developed together with progressive principles; it has often been supported by those members of the legal profession who felt that it was their responsibility to care for those on low income. Legal Services is driven by what lawyers can offer to meet the "legal needs" of those they have identified as poor, marginalised or discriminated against.

In Australia
Australia has a federal system of government comprising federal, state and territory jurisdictions. The Australian (Commonwealth) and state and territory governments are each responsible for the provision of Legal Services for matters arising under their laws. In addition there is a network of approximately 200 independent, not for profit, Community Legal Centres.

Legal Services for both Commonwealth and state matters is primarily delivered through state and territory Legal Services commissions (LACs), which are independent statutory agencies established under state and territory legislation. The Australian Government funds the provision of Legal Services for Commonwealth family, civil and criminal law matters under agreements with state and territory governments and LACs. The majority of Commonwealth matters fall within the family law jurisdiction.

Legal Services commissions use a mixed model to deliver legal representation services. A grant of assistance legal representation may be assigned to either a salaried in-house lawyer or referred to a private legal practitioner. The mixed model is particularly advantageous for providing services to clients in regional areas and in cases where a conflict of interest means the same lawyer cannot represent both parties.

In US
A number of delivery models for legal aid have emerged. The Legal Services Corporation was authorized at the federal level to oversee these programs. In a "staff attorney" model, lawyers are employed by levels of government on salary solely to provide legal assistance to qualifying low-income clients, similar to staff doctors in a public hospital. In a "judicare" model, private lawyers and law firms are paid to handle cases from eligible clients alongside cases from fee-paying clients, much like doctors are paid to handle Medicare patients in the U.S.
The "community legal clinic" model comprises non-profit clinics serving a particular community through a broad range of legal services (e.g. representation, education, law reform) and provided by both lawyers and non-lawyers, similar to community health clinics.
Defendants under criminal prosecution who cannot afford to hire an attorney are not only guaranteed legal aid related to the charges, but they are guaranteed legal representation, either in the form of public defenders, or in absence of provisions for such or due to case overloads, a court-appointed attorney.
The discussion surrounding legal aid and who is privileged to such a service has been criticized by law academics who assert that those who dominate and write the narratives of people who seek legal aid are individuals who benefit from the client narrative being one of inescapable poverty and desperation of an individual. Critiques assert that these asymmetrical, schematically constructed client profiles are required of civic legal aid programs in the capitalist framework of the United States as a tool to appeal to donors and other sources of funding. These representations and assessments of who seeks and deserves legal aid are argued to contribute to a culture of blaming the victims of poverty, as the narratives exclude the role the state and other civic stakeholders play in the creation of these client circumstances.

Global Legal Services industry profile provides top-line qualitative and quantitative summary information including market size (value and volume 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the Global legal services market. Includes market size data, textual and graphical analysis of market growth trends, leading companies, and macroeconomic information.

How are the Legal Service Market Trends?

- The legal services market includes practitioners of law operating in every sector of the legal spectrum. These include, but are not limited to, commercial, criminal, legal aid, insolvency, labor/industrial, family and taxation law.
- The global legal services market had total revenues of $668.7bn in 2018, representing a compound annual growth rate (CAGR) of 3.4% between 2014 and 2018.
- Market volume increased with a CAGR of 3.7% between 2014 and 2018, to reach a total of 7.2 million legal professionals in 2018.
- The US legal services market is the largest in the world, accounting for 47% of global revenue in 2018 and owning most of the largest global firms.

Key Highlights

- Save time carrying out entry-level research by identifying the size, growth, and leading players in the legal services market in the global.
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the globallegal services market.
- Leading company profiles reveal details of key legal services market players’ global operations and financial performance.
- Add weight to presentations and pitches by understanding the future growth prospects of the Global legal services market with five year forecasts by both value and volume.

What to expect from the market research reports?

- What was the size of the Global legal services market by value in 2018?
- What will be the size of the Global legal services market in 2023?
- What factors are affecting the strength of competition in the Global legal services market?
- How has the market performed over the last five years?
- How large is the global’s legal services market in relation to its regional counterparts?

Leading Companies
Baker & McKenzie LLP
Freshfields Bruckhaus Deringer LLP
Nishimura & Asahi

For more information or for report request, visit @ https://www.aarkstore.com/business-services/441664/global-legal-services

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Issued By Aarkstore Enterprise
Country Australia
Categories Business , Law , Legal
Tags baker mckenzie , business services , freshfields bruckhaus deringer , legal services , legal services market , market research reports , nishimura asahi
Last Updated February 11, 2019