B2B legal services market comprises establishments offering practices that deal with the body of law governing the disputes between businesses.
The global B2B legal services market was valued at $349 billion in 2017. North America was the largest geographic region accounting for $192 billion or 55.0% of the global market. The USA was the largest country accounting for $168.7 billion or 48.3% of the global B2B legal services market.
B2B legal services companies increasingly deal with high amount of paperwork, human resources spend hours of unproductive time filing away and then retrieving that one crucial piece of paper. Technology helps solving this problem, with cloud computing allowing the lawyers to bill, time-track and store documents effectively. Cloud computing is a category of software delivered over the internet rather than being installed on the legal service provider’s computer. It has low upfront costs, easy access, simple setup and configuration and allows unlimited storage. According to a survey, by LTN more than 50% of the Am Law 200 firms use cloud computing for e-discovery and productivity applications.
The companies covered are Clifford Chance, Freshfields Bruckhaus Deringer, Linklaters, Skadden, Arps, Slate, Meagher & Flom LLP, and Allen & Overy.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
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