A transformation of the legal profession is currently taking place across the world, driven by economic pressures, technology, and an emerging generation of millennial professionals. This transformation is having a knock-on effect on legal and regulatory solution providers, a market that Outsell estimates to be worth over $22 billion and that has experienced relatively low growth over the last five years.
Legal and Regulatory Professionals Buyer Profile examines different types of buyers of legal information and software and highlights unexpected disparities across the world among legal professionals.
This report outlines the essential actions for information providers serving the legal market in order to know their customers’ evolving behaviours and demands. Once they have identified them, information providers can strategically react and work towards achieving new growth.
Table of contents
Why This Topic?
Types of Legal Information Buyers
Small Law Firms
Mid-Sized Law Firms
Large Law Firms
In-House Legal Departments
Law Firm Structure
Critical External Information
Obstacles to Getting External Information
Top Law Firms by Revenue
Figures & Tables
Figure 1: Combined Revenue, Big Four Accountancy vs. Top 100 Global Law Firms, 2015 (Billions)
Figure 2. Law Firm Hierarchy
Figure 3. Top Categories of Information Relied on by Lawyers for Work
Figure 4. Legal Professionals’ Biggest Obstacles to Getting Information
Figure 5. Top 5 US States With the Most Attorneys
Figure 6. Five EU Member States With the Most Lawyers, 2015
Table 1. Top 10 Global Law Firms by Gross Revenue, 2015