Law Firms Industry - Market Research, Industry Statistics, Company Data

Law Firms - Market Size and Industry Forecast

The Law Firms market research report contains both historical and forecasted industry statistics. Total market size revenues from 2014 through 2024 reveal industry growth patterns and trends. Market size figures include both public and private companies in the Law Firms industry.

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Market Size (Total Revenue)

Included

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Law Firms Industry Revenue ($ Billions)

Law Firms Industry Revenue
  • 2014
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020


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 Law Firms industry.

Law Firms - 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 law firms companies in the United States.

Law Firms Revenue by State

Market Share by State

Law Firms - Distribution by Company Size

Company Size All Industries Law Firms
Small Business (< 5 Employees)

Included

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Law Firms - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies 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

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Law Firms - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry 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

Law Firms · Product Mix

Product Description Description Revenue
($ Millions)
Industry total

Included

Legal services, civil law
Business & commercial law
Other civil law
Civil negligence
Real estate law
Labor & employment law
Wills, estates, and trusts
Legal services, criminal law
Family law

Law Firms - Compensation and Salary Surveys

TitlePercent 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%

Law Firms - Government Contracts

In 2008, the federal government spent a total of $59,445,139 on the law firms industry. It has awarded 5,438 contracts to 380 companies, with an average value of $156,435 per company.

Law Firms and Adjacent Industries · Top Companies

Company Address Revenue
($ Millions)

Included





Law Firms Industry Report
Geography United States  
Publication Date October 2019
Report Format PDF Download  
Price $499

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