Research and Markets: Legal Services - Large Firms Include Skadden, Arps, Slate, Meagher & Flom; Latham & Watkins; Jones Day; White & Case; and Sidley Austin

DUBLIN--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/4255bf/legal_services) has announced
the addition of the "Legal Services" report to their offering.

First Research is the leading industry intelligence company that helps sales
teams perform faster and smarter, open doors, and close more deals. First
Research performs the "heavy lifting" by synthesizing hundreds of sources into
an easy to digest format that a sales person can consume very quickly to better
understand a prospects business issues.

The US legal services (law firm) industry includes about 170,000 law offices
that generate annual revenue of over $180 billion. Large firms include Skadden,
Arps, Slate, Meagher & Flom; Latham & Watkins; Jones Day; White & Case; and
Sidley Austin. The industry is highly fragmented: the 50 largest firms hold less
than 15 percent of the market. About 2,000 law firms have annual revenue over
$10 million.

Demand depends on the volume of commercial and civil legal transactions and
court and criminal cases. The profitability of individual firms depends on the
partners' reputation and ability, and effective case management. Large firms
have advantages in serving corporate customers with a wide range of needs. Small
firms can compete successfully providing specialized expertise or superior
outcomes and operating in a local market. The industry is labor-intensive, but
employee contribution is high: average annual revenue per worker is about
$165,000.

The industry's major service is the practice of law, which is providing legal
services to individuals, businesses, government, and nonprofits. Services to
businesses account for almost 50 percent of industry revenue; individuals,
including estates, 40 percent; government, 4 percent; and nonprofits, 3 percent.
Miscellaneous legal services provide an additional 3 percent.

Law firms operate as partnerships. Operations support the provision of legal
advice and other services, such as document preparation and production, legal
filings, and litigation.

Key Topics Covered:

* Industry Overview
* Quarterly Industry Update
* Business Challenges
* Trends AND Opportunities
* Call Preparation Questions
* Financial Information
* Industry Forecast
* Website and Media Links
* Glossary of Acronyms

For more information visit
http://www.researchandmarkets.com/research/4255bf/legal_services

Source: First Research

Laura Wood
Senior Manager
press@researchandmarkets.com
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