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The global personal legal services market was valued at USD 213.34 billion in 2022 and growing at a CAGR of 6.31% from 2023 to 2032. The market is expected to reach USD 393.38 billion by 2032. In life, there are many events which need personalized legal services, from the making of a will to setting up of the business. It is very useful in protecting the family and assets. Personal legal services offer effective solutions based on the requirements; either one is making documentation for an agreement, or someone needs assistance to guide through a lawsuit. It offers the advantage of using the expertise of lawyers and other professionals on legal matters. Personal legal service is very crucial in offering assistance, and there is no substitute for it when help and advice are needed for safeguarding the interest.
Personal legal services companies offer several legal advice to individuals like family disputes, property law and personal injury cases. This market has grown due to more affordable segments like alternative dispute resolution. The number of divorces and the mortality rate is also increasing, propelling the market growth. Personal legal services include several issues like estate planning, contract disputes etc. It helps in the wills, trusts and power of attorney documents of the individual in determining the way the property will be managed after the demise. The contract law consists of all types of deals, from apartment leases to purchasing land or goods; for someone, the criminal defence service offers assistance navigating the legal system for someone facing criminal charges. Similarly, immigration cases consist of family petitions, naturalization applications etc. Also, family law cases cover situations like child custody, divorce and support payments. Personal legal services can be useful in all such conditions. Personal legal services have many advantages, like personalized attention and guidance in the complete legal process, which would help make correct decisions. Also, personal legal services expertise would help decrease the risk and protect against any potential issues. Moreover, these professionals will handle all paperwork that helps properly fill out all necessary forms. They will also ensure that important deadlines must be met at every stage of the process. This service provider offers cost-effective solutions as they know the practices like bulk pricing and unbundled services. These factors are driving the growth of the personal legal services market.
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Growing divorce cases- There is a surge in the divorce rate all across the world. Based on one of the studies, in 2021, around 689,308 divorces happened across the 45 states of the US. Also, based on one of the surveys in 2022, 15% of adults in the US believed that no-fault divorce must be acceptable and divorce should be allowed without any severe reason. Maldives has the most elevated divorce rate of 5.52 divorces in 1,000 people per year, making it the worst in the world for marriage. Moreover, the pandemic has increased the divorce rate. Based on one of the reports from December 2020, divorce applications and breakups skyrocketed in the UK and all across the world. One of the leading British Law firms, Stewarts, logged an increase of 122% in divorce-related enquiries between July and October of 2020 compared to the previous year. Similarly, the US leading legal contract creation site stated about a 34% increase in sales of its basic divorce agreement. The newlyweds who were married in the last 5 months made 20% of its sales. This pattern was similar in China, which had the toughest lockdown in the pandemic. This trend was similar in Sweden too. All these factors are eventually driving the personal legal services market.
Surplus of lawyers and shortage of demand- Many lawyers are present in the firm, but the demand is less. Based on one of the surveys in 2017, around 52% of the firms reported that their partners holding equity in the firms didn’t work most of the time or they didn’t have any work, and in the case of partners hot holding nay equity, around 62% of the firms reported that they don’t have much workload and one in four of the law firms associates also don’t have many workloads. This surplus of lawyers decreases the profits of the firm. Moreover, there is stringent government regulation and restrictions on advertising. All these factors are acting as restraints for the market.
Advancement in technology- AI would revolutionize the legal profession by streamlining the maximum of the tasks which lawyers presently perform manually. Similarly, blockchain technology could also transform the legal sector by creating secure and immutable records of legal transactions. Smart contracts can revolutionize the way legal agreements are created and enforced. These smart contracts are self-executing contracts which get recorded on a blockchain. Moreover, cloud computing has become a crucial tool for the layers as it helps them to work from anywhere and collaborate with colleagues and clients in real time. Such software has become crucial in recent years, offering lawyers tools for managing their cases, tracking billable hours, communicating with clients, etc. All these factors would drive the personal legal service market in the forecast period.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global personal legal services market, with a 48.32% share of the market revenue in 2022.
North American region will account for the largest market share with revenue growth. Based on one of the studies in 2019, criminal law, civil negligence and personal injury together hold around 13.7% of the US legal service market. The most common form of civil negligence is personal injury claims that are filed for incidents like workplace accidents, assaults, traffic accidents, accidents in the home, defective product-related accidents and medical. The same study suggests that in 2019 household-related issues accounted for around 24.4% of the total legal service market in the US. These issues are like non-criminal disputes such as divorce, child custody and personal property. All these factors contributed to the highest market share of the North American region in the personal legal service market.
North America Region Personal Legal Services Market Share in 2022 - 48.32%
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The product type segment is divided into legal advisory and advocate services. The advocate services segment dominated the market, with a market share of around 67% in 2022. Advocates offer several different services to their clients. They offer consultancy, advice, or draft work for/to the client in any legal matter. They represent their client in any court, tribunal etc. Advocates represent either party in civil and criminal cases. They present pieces of evidence to argue in support of their client.
The firms’ segment is divided into top & mid-tier firms and small firms. The small firms’ segment dominated the market, with a market share of around 58.89% in 2022. This factor is because most personal legal services practising organizations are small firms. The people broadly prefer these organizations. Moreover, small law firms are more likely to service clients who are individuals or small businesses.
The end user segment is divided into individual or business. The individual segment dominated the market, with a market share of around 72.11% in 2022. This factor contributed to growing accidental rates and stable demographic trends in an individual's divorce, marriage and abuse rates. Residential conveyancing is majorly driven by individual confidence, employment and interest rates. Mortality rates and the ageing population is also contributing to the leading market share of the individual segment.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 213.34 Billion |
| Market size value in 2032 | USD 393.38 Billion |
| CAGR (2023 to 2032) | 6.31% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Regional Segments | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Product Type, Firms, End User |
North America region emerged as the largest market for the personal legal services.
The market's growth will be influenced by the growing divorce cases and increase in mortality rate.
Surplus of lawyers and shortage of demand could hamper the market growth.
Advancement in technology will provide huge opportunities to the market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product Type
4.3.2. Market Attractiveness Analysis By Firms
4.3.3. Market Attractiveness Analysis By End User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Growing divorce cases
5.2.2. Increase in mortality rates
5.3. Restraints
5.3.1. Surplus of lawyers & shortage of demand
5.4. Opportunities
5.4.1. Advancement in technology
5.5. Challenges
5.5.1. Economic slowdown
6. Global Personal Legal Services Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Legal Advisory
6.3. Advocate Services
7. Global Personal Legal Services Market Analysis and Forecast, By Firms
7.1. Segment Overview
7.2. Top & Mid Tier Firms
7.3. Small Firms
8. Global Personal Legal Services Market Analysis and Forecast, By End User
8.1. Segment Overview
8.2. Individual
8.3. Business
9. Global Personal Legal Services Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Personal Legal Services Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Personal Legal Services Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Latham and Watkins
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Linklaters
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Morrison and Foerster
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Clifford Chance
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Sullivan and Cromwell
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. WilmerHale
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Sidley Austin
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Hogan Lovells US
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Allen and Overy
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. White and Case
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Kirkland and Ellis
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Greenberg Traurig
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Shearman and Sterling
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. King and Spalding
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Dentons
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. Freshfields Bruckhaus Deringer
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
11.17. Baker McKenzie
11.17.1. Business Overview
11.17.2. Company Snapshot
11.17.3. Company Market Share Analysis
11.17.4. Company Product Portfolio
11.17.5. Recent Developments
11.17.6. SWOT Analysis
11.18. DLA Piper
11.18.1. Business Overview
11.18.2. Company Snapshot
11.18.3. Company Market Share Analysis
11.18.4. Company Product Portfolio
11.18.5. Recent Developments
11.18.6. SWOT Analysis
11.19. Mayer Brown
11.19.1. Business Overview
11.19.2. Company Snapshot
11.19.3. Company Market Share Analysis
11.19.4. Company Product Portfolio
11.19.5. Recent Developments
11.19.6. SWOT Analysis
11.20. Morgan, Lewis and Bockius
11.20.1. Business Overview
11.20.2. Company Snapshot
11.20.3. Company Market Share Analysis
11.20.4. Company Product Portfolio
11.20.5. Recent Developments
11.20.6. SWOT Analysis
11.21. KandL Gates
11.21.1. Business Overview
11.21.2. Company Snapshot
11.21.3. Company Market Share Analysis
11.21.4. Company Product Portfolio
11.21.5. Recent Developments
11.21.6. SWOT Analysis
11.22. Gibson Dunn
11.22.1. Business Overview
11.22.2. Company Snapshot
11.22.3. Company Market Share Analysis
11.22.4. Company Product Portfolio
11.22.5. Recent Developments
11.22.6. SWOT Analysis
11.23. Weil, Gotshal and Manges
11.23.1. Business Overview
11.23.2. Company Snapshot
11.23.3. Company Market Share Analysis
11.23.4. Company Product Portfolio
11.23.5. Recent Developments
11.23.6. SWOT Analysis
11.24. Reed Smith
11.24.1. Business Overview
11.24.2. Company Snapshot
11.24.3. Company Market Share Analysis
11.24.4. Company Product Portfolio
11.24.5. Recent Developments
11.24.6. SWOT Analysis
11.25. Skadden
11.25.1. Business Overview
11.25.2. Company Snapshot
11.25.3. Company Market Share Analysis
11.25.4. Company Product Portfolio
11.25.5. Recent Developments
11.25.6. SWOT Analysis
List of Table
1. Global Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
2. Global Legal Advisory, Personal Legal Services Market, By Region, 2019-2032 (USD Billion)
3. Global Advocate Services, Personal Legal Services Market, By Region, 2019-2032 (USD Billion)
4. Global Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
5. Global Top & Mid Tier Firms, Personal Legal Services Market, By Region, 2019-2032 (USD Billion)
6. Global Small Firms, Personal Legal Services Market, By Region, 2019-2032 (USD Billion)
7. Global Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
8. Global Individual, Personal Legal Services Market, By Region, 2019-2032 (USD Billion)
9. Global Business, Personal Legal Services Market, By Region, 2019-2032 (USD Billion)
10. North America Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
11. North America Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
12. North America Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
13. U.S. Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
14. U.S. Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
15. U.S. Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
16. Canada Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
17. Canada Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
18. Canada Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
19. Mexico Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
20. Mexico Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
21. Mexico Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
22. Europe Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
23. Europe Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
24. Europe Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
25. Germany Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
26. Germany Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
27. Germany Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
28. France Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
29. France Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
30. France Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
31. U.K. Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
32. U.K. Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
33. U.K. Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
34. Italy Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
35. Italy Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
36. Italy Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
37. Spain Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
38. Spain Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
39. Spain Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
40. Asia Pacific Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
41. Asia Pacific Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
42. Asia Pacific Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
43. Japan Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
44. Japan Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
45. Japan Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
46. China Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
47. China Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
48. China Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
49. India Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
50. India Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
51. India Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
52. South America Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
53. South America Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
54. South America Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
55. Brazil Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
56. Brazil Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
57. Brazil Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
58. Middle East and Africa Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
59. Middle East and Africa Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
60. Middle East and Africa Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
61. UAE Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
62. UAE Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
63. UAE Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
64. South Africa Personal Legal Services Market, By Product Type, 2019-2032 (USD Billion)
65. South Africa Personal Legal Services Market, By Firms, 2019-2032 (USD Billion)
66. South Africa Personal Legal Services Market, By End User, 2019-2032 (USD Billion)
List of Figures
1. Global Personal Legal Services Market Segmentation
2. Global Personal Legal Services Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Personal Legal Services Market Attractiveness Analysis By Product Type
9. Global Personal Legal Services Market Attractiveness Analysis By Firms
10. Global Personal Legal Services Market Attractiveness Analysis By End User
11. Global Personal Legal Services Market Attractiveness Analysis By Region
12. Global Personal Legal Services Market: Dynamics
13. Global Personal Legal Services Market Share By Product Type (2023 & 2032)
14. Global Personal Legal Services Market Share By Firms (2023 & 2032)
15. Global Personal Legal Services Market Share By End User (2023 & 2032)
16. Global Personal Legal Services Market Share By Regions (2023 & 2032)
17. Global Personal Legal Services Market Share By Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global personal legal services market based on below mentioned segments:
Global Personal Legal Services Market by Product Type:
Global Personal Legal Services Market by Firms:
Global Personal Legal Services Market by End User:
Global Personal Legal Services by Region:
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The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
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Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
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In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
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