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Hoover's is Beta Testing our Industries section.
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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.
| NAICS | NAICS Description | Establishments | Sales, Receipts, or Shipments ($1,000) | Annual Payroll ($1,000) | Paid Employees |
|---|---|---|---|---|---|
| 541110 | Offices of lawyers | 2,743 | $2,055,650 | $1,053,341 | 26,016 |
| 541199 | All other legal services | 2,287 | $1,633,712 | $499,583 | 14,179 |
| 561492 | Court reporting & stenotype services | 3,337 | $1,637,551 | $497,279 | 13,546 |
| All NAICS Sectors | 8,367 | $5,326,913 | $2,050,203 | 53,741 |
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