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Companies that provide legal services.
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.
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:
Using the 2002 Census Bureau Economic Census, Hoover's has generated an industry financial summary for the Legal Services industry.