Legal Services
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
NAICS: 541199, 541191, 541120, 541110
Related Industries:
Consulting Services, Accounting Services, Title Insurance Carriers, Professional Services SectorTo get access to the full industry record, register now.
Top 5 Companies
| Company | Sales | Location |
|---|---|---|
| First Data Government Solutions, Inc | 7,979.00M | Englewood, CO |
| KPMG EUROPE LLP | 5,533.62M | London, London |
| ALLENS ARTHUR ROBINSON CORPORATE PTY LTD | 4,481.99M | Sydney, Nsw |
| MALLESONS STEPHEN JACQUES | 4,358.04M | Sydney, Nsw |
| TRECOMAX PTY LTD | 3,723.23M | Sydney, Nsw |
Trends
Consolidation - Mergers are occurring among law firms of all sizes,...
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.
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...


