Legal Services Industry - Market Size, Trends, and Growth - 2025-2030
Industry Overview
This industry group comprises establishments primarily engaged in offering legal services, such as those offered by offices of lawyers, offices of notaries, and title abstract and settlement offices, and paralegal services.
Source: U.S. Census BureauMarket Size and Industry Forecast
This research report analyzes the market size and trends in the Legal Services industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| Market Size (Total Revenue) | Included in Report |
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)
Industry Forecast ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Legal Services companies in the United States.
Legal Services Revenue by State
Distribution by Company Size
| Company Size | All Industries | Legal Services |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Legal Services Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Legal Services industry accounting for the largest revenue sources.
| Product Description | Description | Revenue
($ Millions) |
|---|
| Industry total | Included |
| Legal services, civil law |
| Business & commercial law |
| Other civil law |
| Civil negligence |
| Real estate law |
| Legal research & document services |
| Labor & employment law |
| Wills, estates, and trusts |
| Legal services, criminal law |
Salary information for employees working in the Legal Services industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 2% | Included |
| Chief Executives | 0% |
| General and Operations Managers | 1% |
| Legal Occupations | 57% |
| Lawyers, Judges, and Related Workers | 34% |
| Lawyers and Judicial Law Clerks | 34% |
| Lawyers | 34% |
| Legal Support Workers | 23% |
| Paralegals and Legal Assistants | 20% |
| Paralegals and Legal Assistants | 20% |
| Office and Administrative Support Occupations | 35% |
| Secretaries and Administrative Assistants | 19% |
| Secretaries and Administrative Assistants | 19% |
| Legal Secretaries | 14% |
| Other Office and Administrative Support Workers | 5% |
Government Contracts
The federal government spent an annual total of
$500,772,815 on the legal services industry. It has awarded 10,190 contracts to 1,119 companies, with an average value of $447,518 per company.
Top Companies in Legal Services and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
