Other Legal Services Industry Research Report
Industry Overview
This industry comprises establishments of legal practitioners (except lawyers and attorneys) primarily engaged in providing specialized legal or paralegal services. Illustrative Examples: Notary public services Process serving services Paralegal services Real estate settlement offices Patent agent services (i.e., patent filing and searching services) Real estate title abstract companies Cross-References.
Source: U.S. Census BureauOther Legal Services Market Size
This research report analyzes the market size and trends in the Other Legal Services industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| Market Size (Total Revenue) | Included in Report |
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)
Industry Forecast ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Other Legal Services companies in the United States.
Industry Revenue by State [Sample]
Distribution by Company Size
| Company Size | All Industries | Other Legal Services |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" Other Legal Services company (both public and private companies are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Other Legal Services industry accounting for the largest revenue sources.
| Product Description | Description | Revenue
($ Millions) |
|---|
| Industry total | Included |
| Legal research & document services |
| Title, abstract, & settlement services |
| Other document filing & search services |
| Patent, copyright, & other intellectual prop doc filing & search |
| Process server services |
| All other operating receipts |
| Legal services, civil law |
| Arbitration & mediation services |
| Notarization & certification services |
Salary information for employees working in the Other Legal Services industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 2% | Included |
| Chief Executives | 0% |
| General and Operations Managers | 1% |
| Legal Occupations | 57% |
| Lawyers, Judges, and Related Workers | 34% |
| Lawyers and Judicial Law Clerks | 34% |
| Lawyers | 34% |
| Legal Support Workers | 23% |
| Paralegals and Legal Assistants | 20% |
| Paralegals and Legal Assistants | 20% |
| Office and Administrative Support Occupations | 35% |
| Secretaries and Administrative Assistants | 19% |
| Secretaries and Administrative Assistants | 19% |
| Legal Secretaries | 14% |
| Other Office and Administrative Support Workers | 5% |
Government Contracts
The federal government spent an annual total of
$438,892,797 on the Other Legal Services industry. It has awarded 4,739 contracts to 736 companies, with an average value of $596,322 per company.
Top Companies in Other Legal Services and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
