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What is the size of the legal industry in the US? This question is not easy to answer due to the very fragmented legal market. Looking for valuable input.
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Today @Codex
Website triggered me
to do some research
# of lawyers in USApprox. 1,200,000 licensed attorneys
making an average of USD 100k
means USD 120,000,000,000
Where does the rest come from?
Other service providersLegal consultants, accountant firms,
registered agents, IP agents, recruiters,
legal process outsourcers, ….
USD 30,000,000,000?
ICT vendorsCase management, e-discovery, e-billing,
document assembly, webservices, ….
USD 15,000,000,000?
Content providersPublishers, training, education, search,
templates,....
USD 10,000,000,000?
Inhouse legal2.500.000 (?) people working in legal
departments, compliance, permits,
legislation, contract management,
immigration, ….
USD 125,000,000,000?
Total market?Lawyers USD 120 billion
Others services USD 30 billion
ICT USD 15 billion
Content USD 10 billion
Inhouse USD 125 billion
Market leader?
The #2?
