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Hoover's Directories > Industry Overviews > Legal Services

Legal Services

  • Overview
  • Risks & Opportunities
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Industry Description

The US legal services industry includes about 180,000 law offices with combined annual revenue of $230 billion. Large firms include Skadden Arps Slate Meagher & Flom, Baker & McKenzie, Jones Day, Latham & Watkins, and Sidley Austin. The industry is highly fragmented: the 50 largest firms generate about 15 percent of revenue.

SIC: 6541, 7389, 8111
NAICS: 541199, 541191, 541120, 541110
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Top 5 Companies

CompanySalesLocation
First Data Government Solutions, Inc7,979.00MEnglewood, CO
KPMG EUROPE LLP5,533.62MLondon, London
ALLENS ARTHUR ROBINSON CORPORATE PTY LTD4,481.99MSydney, Nsw
MALLESONS STEPHEN JACQUES4,358.04MSydney, Nsw
TRECOMAX PTY LTD3,723.23MSydney, Nsw
Bullet - Yellow Arrow Box There are 950,823 companies in this industry. To view all of them, register now.

Industry Indicator

US corporate profits, an indicator of corporate demand for legal services, rose 7.9 percent in the third quarter of 2011 compared to the same period in 2010.
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Quarterly Industry Update

Securities Class Action Suits Settle for Less - Revenue collected by securities class action lawyers from fees and expenses has dropped sharply. In 2011 fees and expenses were less than $500 million, compared...
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