Hybrid commercial legal service providers provide more than one type of legal services to companies customized for their specific needs. The services can include but are not limited to two or more of the following: contract lawyers, document review services, legal consultancy and managed legal services.
Hybrid Commercial Legal Services Global Market Size
The global hybrid commercial legal services market was valued at $80.6 billion in 2017. North America was the largest geographic region accounting for $41.6 billion or 51.6% of the global market. The USA was the largest country accounting for $37 billion or 45.9% of the global hybrid commercial legal services market.
Hybrid Commercial Legal Services Global Market Trend
Well-established legal firms are partnering with other legal service providers to offer a more comprehensive and economical hybrid legal services to clients. Allen & Overy, a renowned London, UK based international firm is partnering with other legal firms to provide such comprehensive set of legal services to customers that can be cost-effective and highly customized to fit the customer’s needs. Offering such hybrid services also help strengthen customer relationships.
The companies covered are Latham & Watkins, Baker & McKenzie, Skadden, Arps, Slate, Meagher & Flom LLP, Clifford Chance, and Freshfields Bruckhaus Deringer.
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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