Legal Services Industry Overview

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Industry Description

Companies that provide legal services.

Industry Trends

Consolidation

Technology growth and the growing global economy are creating large corporate customers who require a host of legal services. Consolidation in the legal industry has been driven by corporate customers' desire to have one law firm handle all their legal needs. In response, legal firms are growing bigger and adding expertise their clients want in new fields like antitrust and international law. Big law firms are getting bigger, mainly by hiring more specialists, and many regional firms are finding that they must expand to keep up with customer requirements. Mergers among midsized law firms have increased.

Industry Competitors

Industry Codes

Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Legal Services maps to a number of NAICS codes including:

NAICS
NAICS Title
All Other Legal Services
Court Reporting and Stenotype Services

Related Industries

Industry Financials

Using the 2002 Census Bureau Economic Census, Hoover's has generated an industry financial summary for the Legal Services industry.

Indicator
Total
NAICS Codes
3
Establishments
343,864
Sales, receipts or shipments ($1,000)
$348,999,005
Annual Payroll ($1,000)
$134,519,650
Paid Employees
2,188,581

Industry People



Industry Jobs

StarTek - Greeley.CO
From StarTek
Intuit - Mountain View.CA
From Intuit
Novation - Irving.TX
From Jobfox

Industry News