In terms of revenue, legal operations software market was valued at US$ 1404.62 Mn in 2020 and is anticipated to reach US$ 5197.04 Mn by 2029 growing at a CAGR of 15.8% over the forecast period (2021 – 2029). Some of the players operating in the legal operations software market are Wolters Kluwer ELM Solutions, Inc., MITRATECH, Onit, Inc., SimpleLegal, Inc., doeLEGAL, Inc., THOMSON Reuters, BusyLamp, LexisNexis, Elevate, and Acuity Management Solutions amongst others.
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Legal operations software, sometimes referred to as enterprise legal management software, is used by in-house corporate legal departments and law firms to handle daily operations related to case handling. In-house legal professionals use legal operations tools to manage legal spend, keep an electronic database of legal records, and generate reports with analytics related to legal activities. Both small and medium, and large size organizations have a pile of data that need to be processed.
Manual processes are heavily time consuming, and technology aids the firms to streamline their data and process, which in turn helps in saving time and resources. Rapid adoption of technology in law firms and value-based pricing strategies of vendors are few of the major factors for the rise in the legal operations software market. The evolution of legal operations software can be traced backed to the litigation and insurance industries, where e-billing emerged to solve specific process challenges. The primary reasons behind increasing adoption of technology in law firms could be pointed towards the need of cyber security and data protection, rising volumes and complexity of legal work and pressure to reduce costs.
By Deployment Mode:
- On Premise
- Cloud Based
By Organization Size:
- Large Enterprise
- SME’s
By Application:
- E-Billing
- Matter / case Management
- Contract Management
- Legal Project and Analytics Management
- Knowledge Management
- Legal Hold/ e-Discovery
- Document Management
- Governance, Risk Management and Compliance
- Intellectual Property Management
- Others
By End User:
- Law Firms
- Corporate
By Region:
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Argentina
- Brazil
- Rest of Latin America
Legal Operations Software Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.
The Global Legal Operations Software Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.
Financial performance:
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.
Strategic initiatives:
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.
Legal Operations Software Market: Regional analysis includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (United States, Mexico and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC countries and Egypt.)
This research provides detailed information on the major factors influencing the Legal Operations Software market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.
The Legal Operations Software market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Legal Operations Software market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.
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