Legal tech economic impact worldwide 2021-2027

Published by
Raphael Bohne,
Sep 4, 2024
In 2021, the impact of legal tech on the global economy equated to around 127.7 billion U.S. dollars, with forecasts suggesting that this will rise to over 225 billion U.S. dollars by 2027, growing at a compound annual growth rate (CAGR) of 9.92 percent for the time period between 2021 and 2027.

Legal tech economic impact worldwide from 2021 to 2027 (in billion U.S. dollars)

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Release date

August 2022

Region

Worldwide

Survey time period

2021 to 2022

Supplementary notes

Legal tech, or LawTech, refers to the use of technology and software to provide legal services and support the legal industry.
Out of scope: specific HR-services (HR-tech), and software for purely archiving/searching legal documents or contracts (legal-software).

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