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.
Table of contents
Why This Topic?
Market Structure, Performance, and Forecast
Key Trends and Market Drivers
10 to Watch
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