TMCnet News
Global Legal Services Market Report 2022: Technological Disruptions in the Legal Industry Drive Growth - ResearchAndMarkets.comThe "Global Legal Services Market Size, Share & Trends Analysis Report by Services (Taxation, Real Estate, Litigation, Bankruptcy, Labor/Employment, Corporate), by Firm Size, by Provider, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering. The global legal services market size is anticipated to reach USD 1.36 trillion by 2030, exhibiting a CAGR of over 5.3% during the forecast period. The increasing use of the latest technologies in offering legal services is projected to drive market growth. A strong significance of transparency in the relationship with customers is also projected to drive the development of the market. Chatbots are increasingly adopted by law firms to help them optimize their work processes and save money and time for themselves and their clients. Chatbots can assist law companies with a variety of activities, including digitization of data and searching for lawyer-specific documents, and other tasks. Chatbots can also assist in the follow-up of non-responsive clients and the gathering of essential information via automated conversations. Law companies are seeking different ways to assist their clients in minimizing risks and compliance costs by assisting them in better managing information, creating the path for the adoption of document automation software in legal services. End-users are guided through a questionnaire to gather necessary ata and direct them through the entire document formation process via document automation software. End-users are relieved of the time-consuming task of deciphering the document's terminology with this method. Social networking has the potential to completely change the way legal services are delivered. As a result, law professionals are using a variety of social media tools to perform a plethora of legal tasks even while pursuing their career aspirations. Social networking platforms, including Facebook, Twitter, and LinkedIn are predominantly helping law professionals in connecting with a larger audience. Legal Services Market Report Highlights
Market Dynamics Market Drivers
Market Restraints
Key Topics Covered: Chapter 1 Methodology Chapter 2 Executive Summary Chapter 3 Legal Services Market Industry Outlook Chapter 4 Legal Services Market Service Type Outlook Chapter 5 Legal Services Market Firm Size Outlook Chapter 6 Legal Services Market Provider Outlook Chapter 7 Legal Services Market Regional Outlook Chapter 8 Competitive Landscape Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/jua9wy
View source version on businesswire.com: https://www.businesswire.com/news/home/20221208005933/en/ |