Market Overview:
The global legal practice management software market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cloud-based legal practice management software and the growing adoption of legal practice management software by law firms and attorneys. Additionally, the increasing demand for legal process outsourcing (LPO) services is also contributing to the growth of the global legal practice management software market.
Product Definition:
Legal Practice Management Software is a type of software that helps lawyers and legal professionals to manage their cases, clients, documents, and other information related to their work. It can help them keep track of deadlines, appointments, and billing information. Additionally, many Legal Practice Management Software programs include features that allow lawyers to collaborate with each other online. The importance of Legal Practice Management Software lies in its ability to help lawyers manage their caseloads more effectively and efficiently.
Cloud-based:
Cloud-based software is a type of software that provides services over the internet. The service includes data storage, retrieval, and access from a remote location. It also helps in sharing information across multiple locations for legal purposes such as discovery or document production. Cloud-based solutions are becoming popular among small and medium enterprises due to its cost effectiveness compared to traditional on-premise solutions which are driving the market growth factor significantly over the forecast period.
On-premises:
On-premises software is a type of software that is installed and used directly by the end-users or customers. The installation process usually requires physical access to the computer systems of the user. On-premises software can be easily customized as per client requirements which makes it more preferable for legal practices.
Advantages associated with on-premise solutions are cost efficiency, easy customization, no internet connection required for installation, direct control over data.
Application Insights:
The law firms and attorneys application segment accounted for the largest revenue share of over 60% in 2017. The segment is expected to continue its dominance over the forecast period. This can be attributed to a large number of legal practitioners across various geographies, increasing demand for technologically advanced practice management solutions and an increase in the adoption of LLM software among law firms.
The courts application segment is expected to register significant growth during the forecast period owing to a growing need among judges, magistrates and justices across different countries for efficient legal practice management software that helps them manage their court work efficiently. Furthermore, an increase in judicial appointments at both federal and state levels coupled with rising awareness regarding e-court systems will drive this segment further during the next few years.
Other users application includes government agencies, non-profit organizations (NPOs) & foundations as well as corporate lawyers who use GLPMS primarily for case management or other administrative tasks such as time & billing or payment processing etc.
Regional Analysis:
North America accounted for the largest market share in 2017. The growth of this region is attributed to the presence of a large number of law firms and other users, which have adopted legal practice management software over the years. Furthermore, high disposable income and availability of advanced technology in U.S., along with strong network between lawyers’ associations such as American Bar Association (ABA) has resulted in increased adoption these solutions across all segments within this region.
Asia Pacific is expected to be one of the fastest-growing regions due to increasing demand from small & medium enterprises (SMEs), especially those operating within China & India markets, coupled with government support for developing digital economy within these countries resulting into increased investments by global players towards deployment strategic initiatives aimed at tapping potential opportunities offered by evolving regulatory scenario and growing economy overall thereby driving regional growth over next eight years or so.
Growth Factors:
- Increased demand for legal services: The global population is growing and with it the demand for legal services. This is especially true in developing countries where the legal infrastructure is still being developed.
- Increased use of technology in law firms: Law firms are increasingly using technology to manage their operations more efficiently and to provide better service to their clients. Legal practice management software helps automate many tasks, making law firms more efficient and productive.
- Growing number of small law firms: A large percentage of the growth in the legal profession is coming from an increase in the number of small law firms, which often have limited resources and need efficient ways to manage their operations effectively. Legal practice management software can help these small businesses compete with larger ones by providing them with essential tools that would otherwise be too expensive or difficult to obtain on their own budget constraints . 4) Rising cost of traditional methods: The traditional methods used by lawyers such as billing by hour, maintaining paper files, etc., are becoming increasingly expensive due to rising labor costs and other expenses associated with these methods . 5) Increasing acceptance of alternative fee arrangements (AFA): Alternative fee arrangements are becoming more common as lawyers seek new ways to control costs while still providing high-quality service .Legal practice management software can help lawyers track time spent on various tasks so they can better estimate how much a project will cost under an AFA arrangement
Scope Of The Report
Report Attributes
Report Details
Report Title
Legal Practice Management Software Market Research Report
By Type
Cloud-based, On-premises, Legal Practice Management Softwar
By Application
Law Firms & Attorneys, Courts, Other Users
By Companies
Themis Solutions, AppFolio, TrialWorks, Needles, The Legal Assistant, Legal Files, DPS Software, RELX Group, Smokeball, Rocket Matter, Leap, LawYee, Thomson Reuters Elite, Executive Data Systems, Eclipse Legal Systems, Abacus Data Systems, CaseFlow, Matrix Pointe Software, SmartAdvocate, BHL Software, Legal Practice Management Softwar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Legal Practice Management Software Market Report Segments:
The global Legal Practice Management Software market is segmented on the basis of:
Types
Cloud-based, On-premises, Legal Practice Management Softwar
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Law Firms & Attorneys, Courts, Other Users
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Themis Solutions
- AppFolio
- TrialWorks
- Needles
- The Legal Assistant
- Legal Files
- DPS Software
- RELX Group
- Smokeball
- Rocket Matter
- Leap
- LawYee
- Thomson Reuters Elite
- Executive Data Systems
- Eclipse Legal Systems
- Abacus Data Systems
- CaseFlow
- Matrix Pointe Software
- SmartAdvocate
- BHL Software
- Legal Practice Management Softwar
Highlights of The Legal Practice Management Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premises
- Legal Practice Management Softwar
- By Application:
- Law Firms & Attorneys
- Courts
- Other Users
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Legal Practice Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Legal practice management software is a computer program that helps attorneys manage their legal practices. The software can help attorneys track client information, case files, and financial data. It may also provide tools for scheduling and tracking court appearances, preparing pleadings, and tracking client progress.
Some of the major players in the legal practice management software market are Themis Solutions, AppFolio, TrialWorks, Needles, The Legal Assistant, Legal Files, DPS Software, RELX Group, Smokeball, Rocket Matter, Leap, LawYee, Thomson Reuters Elite, Executive Data Systems, Eclipse Legal Systems, Abacus Data Systems, CaseFlow, Matrix Pointe Software, SmartAdvocate, BHL Software, Legal Practice Management Softwar.
The legal practice management software market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Legal Practice Management Software Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Legal Practice Management Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Legal Practice Management Software Market - Supply Chain
4.5. Global Legal Practice Management Software Market Forecast
4.5.1. Legal Practice Management Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Legal Practice Management Software Market Size (000 Units) and Y-o-Y Growth
4.5.3. Legal Practice Management Software Market Absolute $ Opportunity
5. Global Legal Practice Management Software Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Legal Practice Management Software Market Size and Volume Forecast by Type
5.3.1. Cloud-based
5.3.2. On-premises
5.3.3. Legal Practice Management Softwar
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Legal Practice Management Software Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Legal Practice Management Software Market Size and Volume Forecast by Application
6.3.1. Law Firms & Attorneys
6.3.2. Courts
6.3.3. Other Users
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Legal Practice Management Software Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Legal Practice Management Software Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Legal Practice Management Software Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Legal Practice Management Software Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Legal Practice Management Software Demand Share Forecast, 2019-2026
9. North America Legal Practice Management Software Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Legal Practice Management Software Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Legal Practice Management Software Market Size and Volume Forecast by Application
9.4.1. Law Firms & Attorneys
9.4.2. Courts
9.4.3. Other Users
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Legal Practice Management Software Market Size and Volume Forecast by Type
9.7.1. Cloud-based
9.7.2. On-premises
9.7.3. Legal Practice Management Softwar
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Legal Practice Management Software Demand Share Forecast, 2019-2026
10. Latin America Legal Practice Management Software Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Legal Practice Management Software Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Legal Practice Management Software Market Size and Volume Forecast by Application
10.4.1. Law Firms & Attorneys
10.4.2. Courts
10.4.3. Other Users
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Legal Practice Management Software Market Size and Volume Forecast by Type
10.7.1. Cloud-based
10.7.2. On-premises
10.7.3. Legal Practice Management Softwar
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Legal Practice Management Software Demand Share Forecast, 2019-2026
11. Europe Legal Practice Management Software Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Legal Practice Management Software Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Legal Practice Management Software Market Size and Volume Forecast by Application
11.4.1. Law Firms & Attorneys
11.4.2. Courts
11.4.3. Other Users
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Legal Practice Management Software Market Size and Volume Forecast by Type
11.7.1. Cloud-based
11.7.2. On-premises
11.7.3. Leal Practice Management Softwar
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Legal Practice Management Software Demand Share, 2019-2026
12. Asia Pacific Legal Practice Management Software Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Legal Practice Management Software Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Legal Practice Management Software Market Size and Volume Forecast by Application
12.4.1. Law Firms & Attorneys
12.4.2. Courts
12.4.3. Other Users
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Legal Practice Management Software Market Size and Volume Forecast by Type
12.7.1. Cloud-based
12.7.2. On-premises
12.7.3. Legal Practice Management Softwar
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Legal Practice Management Software Demand Share, 2019-2026
13. Middle East & Africa Legal Practice Management Software Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Legal Practice Management Software Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Legal Practice Management Software Market Size and Volume Forecast by Application
13.4.1. Law Firms & Attorneys
13.4.2. Courts
13.4.3. Other Users
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Legal Practice Management Software Market Size and Volume Forecast by Type
13.7.1. Cloud-based
13.7.2. On-premises
13.7.3. Legal Practice Management Softwar
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Legal Practice Management Software Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Legal Practice Management Software Market: Market Share Analysis
14.2. Legal Practice Management Software Distributors and Customers
14.3. Legal Practice Management Software Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Themis Solutions
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AppFolio
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TrialWorks
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Needles
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. The Legal Assistant
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Legal Files
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DPS Software
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. RELX Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Smokeball
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Rocket Matter
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Leap
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LawYee
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Thomson Reuters Elite
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Executive Data Systems
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Eclipse Legal Systems
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Abacus Data Systems
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. CaseFlow
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Matrix Pointe Software
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. SmartAdvocate
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. BHL Software
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
