Legal service companies advise
clients (individuals or corporations) about their legal rights and
responsibilities, and represent clients in civil or criminal cases, business
transactions and other matters in which legal advice and other assistance are
sought.
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The global legal services market has shown decent growth in
the past years with a CAGR of over 4%. The year 2017 recorded highest ever
market value in this industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the legal services market to grow at a higher CAGR by 2021 as compared
to 2017, along with geographies best suited for investments with highest return
rate.
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report at
Global mergers and acquisitions
(M&A) increased rapidly across all industries during the historic period.
For instance, 2014 saw 635 M&A transactions with an aggregate value of $78
billion in the chemicals industry. Companies realigned portfolios and pursued
profitable inorganic growth opportunities. In addition, M&A interest was
also fueled by stronger corporate balance sheets, liquid debt markets, and
continued favorable interest rates. This drove the legal services market as
more companies sought out legal advice.
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Companies included in the report are Deloitte, Latham &
Watkins, Baker & McKenzie, Kirkland & Ellis, and Skadden.
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