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市場調查報告書
商品編碼
1445472

法律分析 - 市場佔有率分析、產業趨勢與統計、成長預測(2024 - 2029 年)

Legal Analytics - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

出版日期: | 出版商: Mordor Intelligence | 英文 120 Pages | 商品交期: 2-3個工作天內

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簡介目錄

法律分析市場規模預計到 2024 年為 27.2 億美元,預計到 2029 年將達到 56.9 億美元,在預測期內(2024-2029 年)CAGR為 15.92%。

法律分析 - 市場

法律分析幫助律師分析長期收集的資料,為他們提供競爭優勢的見解。人工智慧 (AI) 和機器學習徹底改變並簡化了法律數位化流程。法律顧問可以使用分析工具來編譯和分析大量資料,例如法庭記錄、歷史審判資料以及他們自己收集的資訊,從而節省大量建設性時間,提高工作效率,提高執業效率和利潤。

主要亮點

  • 2022 年 6 月 - 法律諮詢提供者 Consilio 宣佈在印度的擴張計劃,開設新設施。該策略顯著擴大了法律專業人士的人才庫,其中印度的員工人數增加了 70%。目前,Consilio 的所有營運職能部門擁有近 800 名員工,預計未來三年在印度的員工數量將增加至 2,000 人。
  • 在 Covid-19 大流行期間最初放緩之後,法律行業繼續保持發展勢頭。法律產業創紀錄的營業額恰逢破產和併購活動激增,以及與疫情後經濟影響相關的法律服務需求不斷增加。
  • 資料外洩是法律分析發展的主要障礙。有些客戶只有在安全等級極高的情況下才願意使用法律分析功能。

法律分析市場趨勢

合約管理提供潛在成長

  • 合約管理中人工智慧的採用正在創造對法律分析的需求。根據 World Commerce & Contracting 的預測,雖然基於人工的分析準確率接近 92%,但用於向受影響人員傳播的基於人工智慧的合約解釋和摘要的準確率高達 98%。根據德勤報告,公司透過採用智慧合約分析將合約管理成本降低了 60%。如果使用分析應用程式,合約評估的人工干預將減少 50%。
  • 2022 年 10 月 - 總部位於紐約的律師事務所 Shearman & Sterling 推出了名為“Legal Operations by Shearman”的分析計劃。該平台將提供資料分析、內部部門設計和法律技術援助等服務。還將引導業務支援人員創造額外收入,這些人員通常不收取費用,但擁有可以直接使客戶受益的極其重要的知識。
  • 法律顧問公司 Consilio 開發了一個名為 Talent Connect 的新門戶,該門戶將有助於為 Consilio 客戶、公司法律部門和各種規模的律師事務所提供靈活的人才工作機會。 Consilio 的企業人才解決方案團隊每天有超過 1,000 名律師積極與客戶合作,每年安排超過 7,000 個法律和非法律職位。電子取證、文件審查、風險管理和法律諮詢服務也將透過此入口網站提供。

預計歐洲市場將顯著成長

  • 歐洲客戶選擇律師事務所,因為他們認為律師事務所是一流的合作夥伴,可以根據客戶的要求展示專業知識和技術適用性。 2022 年,貝克麥堅時連續第四年位居榜首,客戶稱讚該公司在該領域的實力及其將客戶與世界其他地區聯繫起來的能力。
  • 英國的組織對仲裁作為一種爭議解決方法表現出越來越大的興趣。英國司法機構選擇了一種通常被視為「仲裁友善」的非干涉方法。一些世界上最大的律師事務所的總部設在該國。根據英國國家統計局 (ONS) 公佈的資料,2022 年 3 月英國法律行業的總營業額為 43 億美元。
  • 根據 TheCityUK 關於英國法律服務的年度報告,該行業的收入在 2021-2022 年成長了 12.5%,達到 436 億美元。法律部門共有37萬名員工,其中三分之二在倫敦工作。
  • 歐盟政策制定者提出了歐洲司法合作數位化的提案。已製定法規強制要求使用數位通訊手段。由法律分析等技術資源支持的法律指南以及法律專業人員的培訓將為歐盟建立更加一體化、持久和安全的電子司法系統鋪平道路。

法律分析產業概述

法律分析市場競爭適中,新創公司正試圖利用最新技術顛覆法律產業。然而,該市場由 LexisNexis Group Inc.、AbacusNext、Wipro Group 等全球企業主導。這些企業在激烈競爭中生存的主要成長策略包括產品發布、大量研發投資、合作和收購。

  • 2023 年 1 月 - Legal IT Insider 平台 Kim 為企業法律團隊推出了預先包裝解決方案,可快速實現工作環境核心流程的自動化,從分流到培訓外部法律顧問,無需任何技術援助。企業法務團隊可以存取文件自動化平台,下載所需的模板,30分鐘內即可完成流程。
  • 2022 年 6 月 - 印度科技新創公司 Legalkart 透過提供音訊和視訊法律諮詢邁向數位化。律師可以在這個單一平台上處理所有案件、客戶、團隊和財務。論壇上的其他服務包括財產驗證、線上文件驗證和法律諮詢。據該新創公司稱,印度有超過 10,000 名註冊律師,遍布近 900 個城市、地區和地區。
  • 2022 年 4 月 - 法律與監管公司 Wolters Kluwer 與 Microsoft 合作,採用人工智慧驅動的法律研究方法。他們為德國客戶開發了一個在 MS Word 中工作的原型。律師將從多個資料來源獲得相關的高品質內容,而無需離開其常規工作流程。

額外的好處:

  • Excel 格式的市場估算 (ME) 表
  • 3 個月的分析師支持

目錄

第 1 章:簡介

  • 研究假設和市場定義
  • 研究範圍

第 2 章:研究方法

第 3 章:執行摘要

第 4 章:市場洞察

  • 市場概況
  • 產業吸引力-波特五力分析
    • 供應商的議價能力
    • 消費者的議價能力
    • 新進入者的威脅
    • 替代品的威脅
    • 競爭激烈程度
  • 產業價值鏈分析
  • 評估 COVID-19 對產業的影響
  • 技術簡介
  • 依業務領域
    • 資本市場與公司治理
    • 金融文件服務
    • 智慧財產管理
    • 個案管理
    • 併購與環境法
    • 其他地區

第 5 章:市場動態

  • 市場促進因素
    • 數據驅動決策的法律分析自動化需求不斷成長
    • 提高律師事務所的生產力和收入
  • 市場課題
    • 訴訟律師和法學院缺乏意識

第 6 章:市場區隔

  • 工具
    • 預測性
    • 描述性的
  • 部署方式
    • 本地部署
  • 產業
    • 律師事務所
    • 法人企業
  • 地理
    • 北美洲
      • 美國
      • 加拿大
    • 歐洲
      • 英國
      • 德國
      • 法國
      • 歐洲其他地區
    • 亞太
      • 中國
      • 日本
      • 印度
      • 亞太其他地區
    • 拉丁美洲
    • 中東和非洲

第 7 章:競爭格局

  • 公司簡介
    • Wolters Kluwer NV
    • Thomson Reuters Corporation
    • Mindcrest Inc.
    • Lexisnexis ( RELX plc )
    • Abacus Data Systems
    • Everlaw Inc.
    • Proofpoint Inc.
    • CS Disco Inc.
    • Brainspace Corporation
    • IBM Corporation
    • Wipro Technologies
    • UnitedLex Corporation
    • Argopoint LLC
    • Premonition LLC
    • Analytics Consulting LLC
    • CPA Global

第 8 章:投資分析

第 9 章:市場的未來

簡介目錄
Product Code: 67352

The Legal Analytics Market size is estimated at USD 2.72 billion in 2024, and is expected to reach USD 5.69 billion by 2029, growing at a CAGR of 15.92% during the forecast period (2024-2029).

Legal Analytics - Market

Legal Analytics helps lawyers analyze data collected over a long period, giving them insights for a competitive advantage. Artificial Intelligence (AI) and machine learning revolutionized and streamlined the process of Legal digitalization. Legal consultants can use analytics tools to compile and analyze massive amounts of data, like court records, historical trial data, and their own collected information, thereby saving a lot of constructive time and making them more productive and their practice more efficient and profitable.

Key Highlights

  • June 2022 - Consilio, a provider of legal consulting, announced its expansion plans in India with the opening of new facilities. This strategy has significantly expanded the talent pool for legal professionals, including a 70% headcount increase in India. Currently employing almost 800 individuals across all Consilio operational functions, the company anticipates expansion to 2,000 people in India over the next three years.
  • The Legal Industry kept its stride after the initial slowdown during the Covid-19 pandemic. The record turnovers in the legal sector coincide with a surge in bankruptcies and M&A activity and a rising need for legal services related to the economic effects post-pandemic.
  • Data breaching is the main hurdle in the growth of Legal Analytics. Some clients are only willing to use legal analytics capabilities if it has an extremely high level of security.

Legal Analytics Market Trends

Contract Management Offers Potential Growth

  • Adoptation of AI in Contract Mangement is creating the demand for Legal Analytics. While human-based analysis is nearly 92% accurate, AI-based contract interpretation and summary for dissemination to affected personnel have 98% accuracy, as predicted by World Commerce&Contracting. According to Deloitte report , companies cut their contract management costs by 60% by adopting intelligent contract analytics. The manual intervention for contract evaluation will be reduced by 50%, if analytics applications are used.
  • October 2022 - New York based law firm, Shearman & Sterling, launched analytics program called "Legal Operations by Shearman''.Services, such as data analytics, in-house department design, and legal technology assistance will be available on this platform. It will also guide towards generating additional revenue from business support personnel who do not typically earn a fee but instead possess extremely important knowledge that can benefit the clients directly.
  • Consilio, a legal consulting, developed a new portal called Talent Connect, that will help provide flexible talent job opportunities serving Consilio clients, corporate law departments and law firms of all sizes. Consilio's Enterprise Talent Solutions team has over 1,000 attorneys actively engaged by clients each day and places over 7,000 legal and non-legal positions annually. eDiscovery, document review, risk management, and legal consulting services will also be available through this portal.

Europe is Expected to Witness the Significant Growth in the Market

  • European clients choose legal firms, that they see as best-in-class partners who can demonstrate the expertise and technical applicability as per client requirement. In 2022 , Baker McKenzie took the top rank for the fourth year in a row, as clients cited the firm's strength in the area and its capacity to connect them with the rest of the world.
  • Organizations in the UK are showing increasing interest in arbitration as a dispute resolution method.The UK judiciary has chosen a non-interventionist approach that is typically seen as "arbitration-friendly." Some of the world's biggest law firms are headquartered in the country. The UK legal sector's total turnover stood at USD 4.3 billion in March 2022, according to data published by Office of National Statistics (ONS).
  • According to TheCityUK annual report on the UK's legal services, revenues generated by the sector rose 12.5%, accointing for 43.6 billion USD in 2021-2022. With total 0.37 million employees in legal sector, two-thirds of them are working in London.
  • Eeropean Union policy makers, presented a proposal for Digitalisation of Judicial Cooperation in Europe. Regulation have been formed making digital means of communication compulsory. Legal guidelines supported by technological resources like legal analytics, alongwith training of legal professionals will pave the way for a more integrated, long-lasting, and safe e-justice system in the EU.

Legal Analytics Industry Overview

The legal analytics market is moderately competitive, and startups are trying to disrupt the legal industry using the latest technology. However, the market is dominated by global players such as LexisNexis Group Inc., AbacusNext, Wipro Group, etc. These businesses' primary growth tactics to survive the fierce competition include product releases, substantial investment in research and development, collaborations, and acquisitions.

  • January 2023 - Kim, the Legal IT Insider platform, launched pre-packaged solutions for corporate legal teams to quickly automate the core processes of their working environment from triage through training outside counsel without any technical assistance. Corporate legal teams can access the platform for document automation, download the desired template, and within 30 minutes, the procedure is done.
  • June 2022 - India based technology startup, Legalkart, took to digitalization by offering audio and video legal consultations. Lawyers can handle all their cases, clients, teams, and finances on this single platform. The other services on the forum will be property verification, online document verification, and legal advice. According to the startup, over 10,000 registered lawyers are in India, across nearly 900 cities, districts, and regions.
  • April 2022 - The legal and regulatory firm Wolters Kluwer teamed up with Microsoft to embrace AI-driven legal research methods. They have developed a prototype for German clients that work in MS Word. Lawyers will get pertinent, high-quality content from several data sources without having to leave their regular workflows.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHT

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitutes
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Assessment of COVID-19 impact on the industry
  • 4.5 Technology Snapshot
  • 4.6 By Practice Areas
    • 4.6.1 Capital Market and Corporate Governance
    • 4.6.2 Financial Documentation Services
    • 4.6.3 Intellectual Property Management
    • 4.6.4 Case Management
    • 4.6.5 M & A and Environmental Laws
    • 4.6.6 Other Areas

5 MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Growing Demand for Automation in Legal Analytics for Data-Driven Decision Making
    • 5.1.2 Increase in Productivity and Revenue of Law Firms
  • 5.2 Market Challenges
    • 5.2.1 Lack of Awareness Among Litigators and Law Schools

6 MARKET SEGMENTATION

  • 6.1 Tools
    • 6.1.1 Predictive
    • 6.1.2 Descriptive
  • 6.2 Deployment Mode
    • 6.2.1 Cloud
    • 6.2.2 On-premise
  • 6.3 Industry
    • 6.3.1 Legal Firms
    • 6.3.2 Corporate Firms
  • 6.4 Geography
    • 6.4.1 North America
      • 6.4.1.1 United States
      • 6.4.1.2 Canada
    • 6.4.2 Europe
      • 6.4.2.1 United Kingdom
      • 6.4.2.2 Germany
      • 6.4.2.3 France
      • 6.4.2.4 Rest of the Europe
    • 6.4.3 Asia-Pacific
      • 6.4.3.1 China
      • 6.4.3.2 Japan
      • 6.4.3.3 India
      • 6.4.3.4 Rest of the Asia-Pacific
    • 6.4.4 Latin America
    • 6.4.5 Middle East and Africa

7 COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Wolters Kluwer N.V.
    • 7.1.2 Thomson Reuters Corporation
    • 7.1.3 Mindcrest Inc.
    • 7.1.4 Lexisnexis ( RELX plc )
    • 7.1.5 Abacus Data Systems
    • 7.1.6 Everlaw Inc.
    • 7.1.7 Proofpoint Inc.
    • 7.1.8 CS Disco Inc.
    • 7.1.9 Brainspace Corporation
    • 7.1.10 IBM Corporation
    • 7.1.11 Wipro Technologies
    • 7.1.12 UnitedLex Corporation
    • 7.1.13 Argopoint LLC
    • 7.1.14 Premonition LLC
    • 7.1.15 Analytics Consulting LLC
    • 7.1.16 CPA Global

8 INVESTMENT ANALYSIS

9 FUTURE OF THE MARKET