Legal Services Industry Financials

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Legal Services Industry Financial Summary

The US legal industry includes around 165,000 law offices that generate annual revenue of $180 billion. Large firms include Baker & McKenzie, DLA Piper, Jones Day, and White & Case. The industry is highly fragmented: the 50 largest firms hold less than 15 percent of the market. About 150 law firms have annual revenue over $100 million.

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

NAICSNAICS DescriptionEstablishmentsSales, Receipts, or Shipments ($1,000)Annual Payroll ($1,000)Paid Employees
541110Offices of lawyers2,743$2,055,650$1,053,34126,016
541199All other legal services2,287$1,633,712$499,58314,179
561492Court reporting & stenotype services3,337$1,637,551$497,27913,546
 All NAICS Sectors8,367$5,326,913$2,050,20353,741

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