The impact of legal tech on the economy in North America is set to grow at a compound annual growth rate (CAGR) of 10.33 percent for the time period between 2021 and 2027, with Europe set to observe the highest CAGR of 11.5 percent for the period studied.
Legal tech economic impact compound annual growth rate (CAGR) worldwide from 2021 to 2027, by region
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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Statista. (August 10, 2022). Legal tech economic impact compound annual growth rate (CAGR) worldwide from 2021 to 2027, by region [Graph]. In Statista. Retrieved December 02, 2024, from https://www.statista.com/statistics/1155984/legal-tech-economic-impact-cagr-by-region-worldwide/
Statista. "Legal tech economic impact compound annual growth rate (CAGR) worldwide from 2021 to 2027, by region." Chart. August 10, 2022. Statista. Accessed December 02, 2024. https://www.statista.com/statistics/1155984/legal-tech-economic-impact-cagr-by-region-worldwide/
Statista. (2022). Legal tech economic impact compound annual growth rate (CAGR) worldwide from 2021 to 2027, by region. Statista. Statista Inc.. Accessed: December 02, 2024. https://www.statista.com/statistics/1155984/legal-tech-economic-impact-cagr-by-region-worldwide/
Statista. "Legal Tech Economic Impact Compound Annual Growth Rate (Cagr) Worldwide from 2021 to 2027, by Region." Statista, Statista Inc., 10 Aug 2022, https://www.statista.com/statistics/1155984/legal-tech-economic-impact-cagr-by-region-worldwide/
Statista, Legal tech economic impact compound annual growth rate (CAGR) worldwide from 2021 to 2027, by region Statista, https://www.statista.com/statistics/1155984/legal-tech-economic-impact-cagr-by-region-worldwide/ (last visited December 02, 2024)
Legal tech economic impact compound annual growth rate (CAGR) worldwide from 2021 to 2027, by region [Graph], Statista, August 10, 2022. [Online]. Available: https://www.statista.com/statistics/1155984/legal-tech-economic-impact-cagr-by-region-worldwide/
