Dublin, September 29, 2021 (GLOBE NEWSWIRE) – The report “US Online Legal Services Market Size and Forecast 2021-2025” has been added to ResearchAndMarkets.com offer.
The US online legal services market can be segmented on the basis of type, B2B legal services, B2C legal services and others; on the basis of segments, such as law firms and corporate legal services and on the basis of the size of law firms, such as small, large and medium-sized law firms.
Legal services can be provided through online communication channels such as video calls, emails, voice calls, etc. Providing legal assistance to people who use the Internet and related techniques as their primary mode of communication is known as online legal services. Lawyers and law firms have stopped using the old method of assisting – scheduling meetings with clients, brainstorming, negotiating and then getting the job started.
Now, emerging attorneys, law firms or lawyers are offering online legal aid or assistance to their clients while saving time and effort for both parties.
The US online legal services market has grown significantly over the years 2016-2020 and projections are made that the market will grow tremendously over the next four years i.e. 2021-2025.
The online legal services market is expected to rise owing to the growing concert economy, increasing digital activation, increasing globalization, increasing cybercrime, increasing urbanization and the growing demand for transactional practice areas. Yet the market is facing some challenges such as rising costs and falling margins and a high degree of competition.
The COVID-19 pandemic has had a mixed effect on the US market for online legal services. It negatively affected the market in the 1st and 2nd quarters but the market recovered in the 3rd and 4th quarters. Thus, the pandemic had a neutral impact on the market.
The report also assesses the key opportunities in the market and describes the factors which are and will be driving the growth of the industry. Growth of the overall online legal services market has also been forecast for the period 2021-2025, taking into account previous growth patterns, growth drivers, and current and future trends.
The US online legal services market is fragmented with many major market players operating across the globe. The major players in the online legal services market are LegalZoom, Rocket Lawyer, Priori Legal, Inc., LegalVision and LawAdvisor are also presented with their respective financial information and business strategies.
Main topics covered:
2.1 Legal services: overview
2.2 Functions of legal services
2.3 Online legal services: overview
2.4 Benefits of online legal services
2.5 Segmentation of Online Legal Services: Overview
3. Analysis of the American market
3.1 The US Online Legal Services Market: An Analysis
3.1.1 The US online legal services market by value
3.1.2 US Online Legal Services Market by Type (B2B Legal Services, B2C Legal Services, and Others)
3.1.3 The US Online Legal Services Market by Segment (Law Firms and Corporate Legal Services (Small, Large & Medium Businesses))
3.2 The US Online Legal Services Market: Type Analysis
3.2.1 The US B2B online legal services market by value
3.2.2 The US B2C Online Legal Services Market by Value
3.2.3 The US Market for Other Online Legal Services by Value
3.3 The United States Online Legal Services Market: Segment Analysis
3.3.1 United States Corporate Legal Department Online Legal Services Market by Value
3.3.2 US Law Firm Online Legal Services Market by Value
3.3.3 Small Law Firm Online Legal Services Market by Value
3.3.4 Large Law Firm Online Legal Services Market by Value
3.3.5 Mid-Size Law Firm Online Legal Services Market by Value
4. Impact of COVID-19
4.1 Impact of COVID-19 on the online legal services market
4.2 Impact of COVID-19 on law firm revenues
4.3 COVID-19 test positivity, death and recovery rates
5. Market dynamics
5.1 Growth drivers
5.1.1 Growing Gig Economy
5.1.2 Increase digital activation
5.1.3 Growing globalization
5.1.4 Increase in cybercrime
5.1.5 Growing urbanization
5.1.6 Growing Demand for Transactional Practice Areas
5.2.1 Rising costs and falling margins
5.2.2 High degree of competition
5.3 Market trends
5.3.1 Adoption of eDiscovery
5.3.2 Partnerships between major players
5.3.3 Emergence of Alternative Legal Service Providers (ALSPs)
6. Competitive landscape
6.1 Players in the US Online Legal Services Market: A Service Comparison
7. Company profiles
7.1 Company overview
7.2 Financial overview
7.3 Business strategy
Priori Legal, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/42k9hv
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