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

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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.

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

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@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?

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