@Codex Stanford - What is the size of the legal industry in the US?

•

1 like•603 views

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.

Technology

Size legal industry?
Harm Bavinck
650 388 2757 - harm@effacts.com

# of lawyers in US
Approx. 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 providers
Legal consultants, accountant firms,
registered agents, IP agents, recruiters,
legal process outsourcers, ….
USD 30,000,000,000?

ICT vendors
Case management, e-discovery, e-billing,
document assembly, webservices, ….
USD 15,000,000,000?

Content providers
Publishers, training, education, search,
templates,....
USD 10,000,000,000?

Inhouse legal
2.500.000 (?) 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

Input or comment?
650 388 2757 - harm@effacts.com

What's hot

Come to Terms with Angel & Venture Term SheetsThe Capital Network

Presidential “E” Award for Exportsdfogel

Coming to Terms with Angel & Venture Term SheetsThe Capital Network

Unltd webinar legal forms 07.2015Adrian Ashton

Taxlinked's Citizenship by Investment WebinarTaxlinked net

DPOLegalCapella University

FLI Newsletter - August 2015First Law International

Grow VC Group keynote about FinTech and blockchain ecosystems at VanFUNDING 2017Grow VC Group

#Crypto42 Token Summit, International Regulation of Token Sales; Daniel ResasElfriede Sixt

DR Business Climate AMCHAMDR - Cámara Americana de Comercio

Trusts And TaxesMichael Belgeri

EARN DAILY Eldorado TokenSNEH LATA

10×6 Fintech: un nouveau pilier? Marc Hemmerling, ABBLThierry Raizer

E Gaming Power Point Linkedinleehills747

FCF June 2014 - 02 cyber case studies#TheFraudTube

On-Line Legal Services: Keeping Pace with the Evolving Practice of LawRichard S. Granat

Office presentation Ten Holter Noordam advocatenMarieke Van Tiggelen-Laurijssens

Kantoorpresentatie EN 19122016Leon Peeters

What's hot (18)

Come to Terms with Angel & Venture Term Sheets

Presidential “E” Award for Exports

Coming to Terms with Angel & Venture Term Sheets

Unltd webinar legal forms 07.2015

Taxlinked's Citizenship by Investment Webinar

DPOLegal

FLI Newsletter - August 2015

Grow VC Group keynote about FinTech and blockchain ecosystems at VanFUNDING 2017

#Crypto42 Token Summit, International Regulation of Token Sales; Daniel Resas

DR Business Climate

Trusts And Taxes

EARN DAILY Eldorado Token

10×6 Fintech: un nouveau pilier? Marc Hemmerling, ABBL

E Gaming Power Point Linkedin

FCF June 2014 - 02 cyber case studies

On-Line Legal Services: Keeping Pace with the Evolving Practice of Law

Office presentation Ten Holter Noordam advocaten

Kantoorpresentatie EN 19122016

Similar to @Codex Stanford - What is the size of the legal industry in the US?

{Law, Tech, Design, Delivery} Observations Regarding Innovation in the Legal ...Daniel Katz

Future of the Legal ProfessionRichard S. Granat

The Future of Legal Services, NCSB Committee to Study Regulatory Reform, July...Legal Evolution PBC

Investments in Compliance and Legal Automation and the AI FactorVladimir Vereskoun

BSA RegulationsBrianna Johnson

Apex R&D Flyer 2015 JPJoe Park

Apex R&D Flyer 2015 CGCharles Gayton

ID Watchdog Investor PresentationIDWatchdog

Legal RobotsDerek Moore

What is Money Laundering - An Introduction Peter Lilley

Innovation Despite RegulationEvolve Law

International/Cross Border Legal MalpracticeEthan Burger

RRS_GroupRishi Singh

Market Spotlight: IT Services WebinarWorld Financial Symposiums

Business 2 Students: AI & de impact op de juridische wereld. Matthias Dobbelaere-Welvaert

How a Legal Consultant can Help You in your Blockchain Crypto Projects?Finlaw Consultancy Pvt Ltd

Sec what you need to knowcomplianceonline123

The Unseen Enemy - Protecting the Brand, the Assets and the Customers BDO_Consulting

Tracxn - Legal Tech Startup LandscapeTracxn

Similar to @Codex Stanford - What is the size of the legal industry in the US? (20)

{Law, Tech, Design, Delivery} Observations Regarding Innovation in the Legal ...

Future of the Legal Profession

The Future of Legal Services, NCSB Committee to Study Regulatory Reform, July...

Investments in Compliance and Legal Automation and the AI Factor

BSA Regulations

Apex R&D Flyer 2015 JP

Apex R&D Flyer 2015 CG

ID Watchdog Investor Presentation

Legal Robots

What is Money Laundering - An Introduction

Innovation Despite Regulation

International/Cross Border Legal Malpractice

RRS_Group

Market Spotlight: IT Services Webinar

Business 2 Students: AI & de impact op de juridische wereld.

How a Legal Consultant can Help You in your Blockchain Crypto Projects?

Sec what you need to know

The Unseen Enemy - Protecting the Brand, the Assets and the Customers

Tracxn - Legal Tech Startup Landscape

Recently uploaded

Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024Victor Rentea

Finding Java's Hidden Performance Traps @ DevoxxUK 2024Victor Rentea

Connector Corner: Accelerate revenue generation using UiPath API-centric busi...DianaGray10

Why Teams call analytics are critical to your entire businesspanagenda

Less Is More: Utilizing Ballerina to Architect a Cloud Data PlatformWSO2

AWS Community Day CPH - Three problems of TerraformAndrey Devyatkin

CNIC Information System with Pakdata Cf In Pakistandanishmna97

Stronger Together: Developing an Organizational Strategy for Accessible Desig...caitlingebhard1

TEST BANK For Principles of Anatomy and Physiology, 16th Edition by Gerard J....rightmanforbloodline

Web Form Automation for Bonterra Impact Management (fka Social Solutions Apri...Jeffrey Haguewood

Six Myths about Ontologies: The Basics of Formal Ontologyjohnbeverley2021

"I see eyes in my soup": How Delivery Hero implemented the safety system for ...Zilliz

Navigating the Deluge_ Dubai Floods and the Resilience of Dubai International...Orbitshub

Choreo: Empowering the Future of Enterprise Software EngineeringWSO2

Modernizing Legacy Systems Using BallerinaWSO2

WSO2 Micro Integrator for Enterprise Integration in a Decentralized, Microser...WSO2

[BuildWithAI] Introduction to Gemini.pdfSandro Moreira

MINDCTI Revenue Release Quarter One 2024MIND CTI

Platformless Horizons for Digital AdaptabilityWSO2

Architecting Cloud Native ApplicationsWSO2

Recently uploaded (20)

Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024

Finding Java's Hidden Performance Traps @ DevoxxUK 2024

Connector Corner: Accelerate revenue generation using UiPath API-centric busi...

Why Teams call analytics are critical to your entire business

Less Is More: Utilizing Ballerina to Architect a Cloud Data Platform

AWS Community Day CPH - Three problems of Terraform

CNIC Information System with Pakdata Cf In Pakistan

Stronger Together: Developing an Organizational Strategy for Accessible Desig...

TEST BANK For Principles of Anatomy and Physiology, 16th Edition by Gerard J....

Web Form Automation for Bonterra Impact Management (fka Social Solutions Apri...

Six Myths about Ontologies: The Basics of Formal Ontology

"I see eyes in my soup": How Delivery Hero implemented the safety system for ...

Navigating the Deluge_ Dubai Floods and the Resilience of Dubai International...

Choreo: Empowering the Future of Enterprise Software Engineering

Modernizing Legacy Systems Using Ballerina

WSO2 Micro Integrator for Enterprise Integration in a Decentralized, Microser...

[BuildWithAI] Introduction to Gemini.pdf

MINDCTI Revenue Release Quarter One 2024

Platformless Horizons for Digital Adaptability

Architecting Cloud Native Applications

@Codex Stanford - What is the size of the legal industry in the US?

1. Size legal industry? Harm Bavinck 650 388 2757 - harm@effacts.com

2. Today @Codex

3. Website triggered me

4. to do some research

5. # of lawyers in US Approx. 1,200,000 licensed attorneys making an average of USD 100k means USD 120,000,000,000 Where does the rest come from?

6. Other service providers Legal consultants, accountant firms, registered agents, IP agents, recruiters, legal process outsourcers, …. USD 30,000,000,000?

7. ICT vendors Case management, e-discovery, e-billing, document assembly, webservices, …. USD 15,000,000,000?

8. Content providers Publishers, training, education, search, templates,.... USD 10,000,000,000?

9. Inhouse legal 2.500.000 (?) people working in legal departments, compliance, permits, legislation, contract management, immigration, …. USD 125,000,000,000?

10. Total market? Lawyers USD 120 billion Others services USD 30 billion ICT USD 15 billion Content USD 10 billion Inhouse USD 125 billion

11. Market leader?

12. The #2?

13. Input or comment? 650 388 2757 - harm@effacts.com

@Codex Stanford - What is the size of the legal industry in the US?

Recommended

Recommended

More Related Content

What's hot

What's hot (18)

Similar to @Codex Stanford - What is the size of the legal industry in the US?

Similar to @Codex Stanford - What is the size of the legal industry in the US? (20)

Recently uploaded

Recently uploaded (20)

@Codex Stanford - What is the size of the legal industry in the US?