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Global LegalTech Market Report By Solution (Legaltech Software (Cloud-Based, On-Premises),Services (Integration & Deployment, Consulting, Support & Maintenance)), By Type (Case Management, Lead Management, Document Management, Contract Lifecycle Management, Billing & Accounting, Others), By End-user (Law Firms, Corporate Legal Departments) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11220536
February 2023
Report Formats: Electronic (PDF), MS EXCEL
The global demand for LegalTech Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Legal technology, as used historically, is the use of hardware and software to facilitate legal research, document management, file automation, law firms, medium- and large-sized businesses in process management, and individual legal experts. Legal technology can offer specialized management solutions for lawyers. Legal technology is utilized to create enterprise resource planning platforms or management platforms, especially for lawyers, which are built with their demands and requirements in mind. This makes it possible for corporate legal departments and law firms to perform more efficiently and seamlessly.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of legaltech. The growth and trends of legaltech industry provide a holistic approach to this study.
By Solution
By Type
By End-User
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the legaltech market include LexisNexis, Icertis, DocuSign Inc., RPX Corporation, Casetext Inc., Themis Solutions Inc. (Clio), Everlaw, Filevine Inc., Checkbox Technology Pty Ltd, Mighty, PracticePanther, MyCase, CosmoLex Cloud LLC., Smokeball Inc., TimeSolv. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Legal technology, as used historically, is the use of hardware and software to facilitate legal research, document management, file automation, law firms, medium- and large-sized businesses in process management, and individual legal experts. Legal technology can offer specialized management solutions for lawyers. Legal technology is utilized to create enterprise resource planning platforms or management platforms, especially for lawyers, which are built with their demands and requirements in mind. This makes it possible for corporate legal departments and law firms to perform more efficiently and seamlessly.
Market Dynamics
LegalTech is anticipated to grow at a robust rate globally during the forthcoming years. Law firms are expected to rely on LegalTech for transparency, quick data processing, time management, reduced capacity for errors, and resource-efficient use. In order to cut expenses, compliance and legal tech businesses are introducing regulatory and compliance services. Virtual meetings, online legal proceedings, court hearings, and customer meetings are just a few examples of legal technology solutions incorporating document automation and automated process management that will see substantial growth in the upcoming years. The introduction of advanced software solutions for non-public injury control and admissions management will boost legal tech market growth.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of legaltech. The growth and trends of legaltech industry provide a holistic approach to this study.
Market Segmentation
This section of the legaltech market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.By Solution
- Legaltech Software (Cloud-Based, On-Premises)
- Services (Integration & Deployment, Consulting, Support & Maintenance)
By Type
- Case Management
- Lead Management
- Document Management
- Contract Lifecycle Management
- Billing & Accounting
- Others
By End-User
- Law Firms
- Corporate Legal Departments
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the LegalTech market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.Global LegalTech Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the legaltech market include LexisNexis, Icertis, DocuSign Inc., RPX Corporation, Casetext Inc., Themis Solutions Inc. (Clio), Everlaw, Filevine Inc., Checkbox Technology Pty Ltd, Mighty, PracticePanther, MyCase, CosmoLex Cloud LLC., Smokeball Inc., TimeSolv. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . LEGALTECH – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Solution
3.7.2 Market Attractiveness Analysis By Type
3.7.3 Market Attractiveness Analysis By End-User
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL LEGALTECH MARKET ANALYSIS BY SOLUTION
6.1 Overview by Solution
6.2 Historical and Forecast Data
6.3 Analysis by Solution
6.4 Legaltech Software (Cloud-Based, On-Premises) Historic and Forecast Sales by Regions
6.5 Services (Integration & Deployment, Consulting, Support & Maintenance) Historic and Forecast Sales by Regions
7 . GLOBAL LEGALTECH MARKET ANALYSIS BY TYPE
7.1 Overview by Type
7.2 Historical and Forecast Data
7.3 Analysis by Type
7.4 Case Management Historic and Forecast Sales by Regions
7.5 Lead Management Historic and Forecast Sales by Regions
7.6 Document Management Historic and Forecast Sales by Regions
7.7 Contract Lifecycle Management Historic and Forecast Sales by Regions
7.8 Billing & Accounting Historic and Forecast Sales by Regions
7.9 Others Historic and Forecast Sales by Regions
8 . GLOBAL LEGALTECH MARKET SALES ANALYSIS BY END-USER
8.1 Overview by End-User
8.2 Historical and Forecast Data
8.3 Analysis by End-User
8.4 Law Firms Historic and Forecast Sales by Regions
8.5 Corporate Legal Departments Historic and Forecast Sales by Regions
9 . GLOBAL LEGALTECH MARKET SALES ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook Sales Analysis
9.2. Introduction Sales Analysis
9.3. North America Sales Analysis
9.3.1. Overview, Historic and Forecast Sales Analysis
9.3.2. North America By Segment Sales Analysis
9.3.3. North America By Country Sales Analysis
9.3.4. United State Sales Analysis
9.3.5. Canada Sales Analysis
9.3.6. Mexico Sales Analysis
9.4. Europe Sales Analysis
9.4.1. Overview, Historic and Forecast Sales Analysis
9.4.2. Europe by Segment Sales Analysis
9.4.3. Europe by Country Sales Analysis
9.4.4. United Kingdom Sales Analysis
9.4.5. France Sales Analysis
9.4.6. Germany Sales Analysis
9.4.7. Italy Sales Analysis
9.4.8. Russia Sales Analysis
9.4.9. Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
9.5.1. Overview, Historic and Forecast Sales Analysis
9.5.2. Asia Pacific by Segment Sales Analysis
9.5.3. Asia Pacific by Country Sales Analysis
9.5.4. China Sales Analysis
9.5.5. India Sales Analysis
9.5.6. Japan Sales Analysis
9.5.7. South Korea Sales Analysis
9.5.8. Australia Sales Analysis
9.5.9. Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
9.6.1. Overview, Historic and Forecast Sales Analysis
9.6.2. Latin America by Segment Sales Analysis
9.6.3. Latin America by Country Sales Analysis
9.6.4. Brazil Sales Analysis
9.6.5. Argentina Sales Analysis
9.6.6. Peru Sales Analysis
9.6.7. Chile Sales Analysis
9.6.8. Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
9.7.1. Overview, Historic and Forecast Sales Analysis
9.7.2. Middle East & Africa by Segment Sales Analysis
9.7.3. Middle East & Africa by Country Sales Analysis
9.7.4. Saudi Arabia Sales Analysis
9.7.5. UAE Sales Analysis
9.7.6. Israel Sales Analysis
9.7.7. South Africa Sales Analysis
9.7.8. Rest Of Middle East And Africa Sales Analysis
10 . COMPETITIVE LANDSCAPE OF THE LEGALTECH COMPANIES
10.1. Legaltech Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11 . COMPANY PROFILES OF LEGALTECH INDUSTRY
11.1. Top 10 Company Share Analysis
11.2. Market Concentration Rate
11.3. LexisNexis
11.3.1. Company Overview
11.3.2. Company Revenue
11.3.3. Products
11.3.4. Recent Developments
11.4. Icertis
11.4.1. Company Overview
11.4.2. Company Revenue
11.4.3. Products
11.4.4. Recent Developments
11.5. DocuSign Inc.
11.5.1. Company Overview
11.5.2. Company Revenue
11.5.3. Products
11.5.4. Recent Developments
11.6. RPX Corporation
11.6.1. Company Overview
11.6.2. Company Revenue
11.6.3. Products
11.6.4. Recent Developments
11.7. Casetext Inc.
11.7.1. Company Overview
11.7.2. Company Revenue
11.7.3. Products
11.7.4. Recent Developments
11.8. Themis Solutions Inc. (Clio)
11.8.1. Company Overview
11.8.2. Company Revenue
11.8.3. Products
11.8.4. Recent Developments
11.9. Everlaw
11.9.1. Company Overview
11.9.2. Company Revenue
11.9.3. Products
11.9.4. Recent Developments
11.10. Filevine Inc.
11.10.1. Company Overview
11.10.2. Company Revenue
11.10.3. Products
11.10.4. Recent Developments
11.11. Checkbox Technology Pty Ltd
11.11.1. Company Overview
11.11.2. Company Revenue
11.11.3. Products
11.11.4. Recent Developments
11.12. Mighty
11.12.1. Company Overview
11.12.2. Company Revenue
11.12.3. Products
11.12.4. Recent Developments
11.13. PracticePanther
11.13.1. Company Overview
11.13.2. Company Revenue
11.13.3. Products
11.13.4. Recent Developments
11.14. MyCase
11.14.1. Company Overview
11.14.2. Company Revenue
11.14.3. Products
11.14.4. Recent Developments
11.15. CosmoLex Cloud LLC.
11.15.1. Company Overview
11.15.2. Company Revenue
11.15.3. Products
11.15.4. Recent Developments
11.16. Smokeball Inc.
11.16.1. Company Overview
11.16.2. Company Revenue
11.16.3. Products
11.16.4. Recent Developments
11.17. TimeSolv
11.17.1. Company Overview
11.17.2. Company Revenue
11.17.3. Products
11.17.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Solution (USD MN)
- Legaltech Software (Cloud-Based, On-Premises) Market Sales by Geography (USD MN)
- Services (Integration & Deployment, Consulting, Support & Maintenance) Market Sales by Geography (USD MN)
- Analysis Market by Type (USD MN)
- Case Management Market Sales by Geography (USD MN)
- Lead Management Market Sales by Geography (USD MN)
- Document Management Market Sales by Geography (USD MN)
- Contract Lifecycle Management Market Sales by Geography (USD MN)
- Billing & Accounting Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Analysis by End-User (USD MN)
- Law Firms Market Sales by Geography (USD MN)
- Corporate Legal Departments Market Sales by Geography (USD MN)
- Global Legaltech Market Sales by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisition
LIST OF FIGURES
- Research Scope of Legaltech Report
- Market Research Process
- Market Research Methodology
- Global Legaltech Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Solution
- Market Attractiveness Analysis by Type
- Market Attractiveness Analysis by End-User
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Solution (USD MN)
- Legaltech Software (Cloud-Based, On-Premises) Market Sales by Geography (USD MN)
- Services (Integration & Deployment, Consulting, Support & Maintenance) Market Sales by Geography (USD MN)
- Global Market Analysis by Type (USD MN)
- Case Management Market Sales by Geography (USD MN)
- Lead Management Market Sales by Geography (USD MN)
- Document Management Market Sales by Geography (USD MN)
- Contract Lifecycle Management Market Sales by Geography (USD MN)
- Billing & Accounting Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Market Analysis by End-User (USD MN)
- Law Firms Market Sales by Geography (USD MN)
- Corporate Legal Departments Market Sales by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Top Company Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments