Thomson Reuters` 2022 State of the Legal Market report showed that a legal industry is in a growing war for talent. Since large law firms like Milbank started raising their partners` salaries in early 2021, the market has been growing every month following by increasing average partner salaries. The full report of the global legal services industry can be found here: As we enter the second half of the year, many mid-market law firms are well positioned to capitalize on the busier periods ahead, or so they hope. The latest 2022 State of the Middle Market report from the Thomson Reuters Institute reflected mid-market legal market forces, such as demand growth, but also looked at more nuanced areas such as productivity, where the market contracted by just under five hours compared to the same period last year. The Supreme Court agreed to reconsider the broad legal immunity granted to internet companies under Section 230 of the Communications Decency Act and filed a lawsuit alleging that YouTube recommended ISIS propaganda that spawned a terrorist attack. The Texas Market Report, which covers Austin/Dallas/Houston, is a comprehensive study of current economic conditions and the unique dynamics of law firms that make Texas a consistent destination for business and law firm expansion. In addition, the report identifies the fastest growing companies in strategic legal markets and the requirements for continued growth. The report uses proprietary ALM data and other resources. An Illinois appeals court has revived a whistleblower lawsuit accusing a medical device maker of firing an attorney who headed the company`s intellectual property legal group after the attorney allegedly rejected calls by the company`s general counsel to “hide or place” money in the department`s budget that would have no place there.
Global Legal Services Market Segments The global Legal Services market is segmented: By Type: B2B Legal Services, B2C Legal Services, Hybrid Legal Services, Criminal Practices By size: Large Law Firms, SME Law Firms By End Users: Individuals, Financial Services, Mining & Gas, Manufacturing, Construction, IT Services, Others By Practice Type: Litigation, Business, Work/Employment, Real Estate, Patent Litigation, Tax, Insolvency, Other (Regulatory, Mergers & Acquisitions, Antitrust, Environment) By Mode: Online, Offline By Geography: The regions covered in the Legal Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. NEW YORK, July 07, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Legal Services Market Size, Share and Trends Analysis Report by Services, Company Size, Provider and Industry Forecast, 2022-2030” – Legal Services Market Growth and Trends www.reportlinker.com/p06291031/?utm_source=GNW global legal services market size is expected to reach $1.36 trillion by 2030 and a CAGR of over 5.3% during the forecast period. show. Increasing use of the latest technologies in the provision of legal services is expected to drive the growth of the market.