Legal Practice Management Systems: Market Size, Forecast & Trends

Author: Hugh Logue

Date: November 28, 2016

Description

 With the global legal practice management systems market sized at $1.2 billion USD, the growing number of low-cost practice management software companies has created a price war in the small-firm market. This signals good news for law firms, as practice management solutions such as LexisNexis provide firms with a low-cost opportunity to leverage artificial intelligence to completely automate tasks, develop new analytics, and support legal practices from marketplace websites.

Legal Practice Management Systems: Market Size, Forecast & Trends examines the changing legal practice management systems landscape and sheds light on market evolution, trends, and areas of opportunity. It also defines legal practice management systems and highlights companies to watch, including, Abacus Data Systems, CosmoLex, FactBox, LawStudio, Microsoft, and Mitratech.

New start-ups are entering this market on almost a monthly basis, while the technology giants, legal solution providers, and legal marketplace websites all jostle for market share. A combination of industry metrics and analytics, personal interviews, and the deep industry experience of our analytical staff, this report outlines areas for opportunity in this complex market.

Methodology

This report draws extensively from Outsell’s unique industry metrics and analytics, including our database of over 8,000 companies. We augment our results by conducting personal interviews with the CEOs and heads of division among the top players in the market. This, combined with Outsell’s daily contact with players in the information industry and the deep industry experience of our analytical staff, help form our conclusions.

Outsell Inc. Legal Practice Management Systems: Market Size, Forecast & Trends

Table of Contents: 

Why This Topic?

Market Definition

Buyer Profile

Market Structure, Performance, and Forecast

Key Trends and Market Drivers

10 to Watch

Essential Actions

Related Research

 

Tables & Figures

Table 1. Common Practice Management Systems Features and Definitions

Table 2. Estimated Market Size, Legal Practice Management Players 2015

Figure 1. The Growth of the Practice Management Systems Market, 2014-18

 

Management Consulting Company?

Investment levels are adjusted accordingly for management consulting companies. Please contact finance@outsellinc.com to have your order fulfilled.

Additional information

Analyst

Segment

, ,