In 2021, the legal tech market in North America generated revenues of 12.25 billion U.S. dollars, with incumbents generating 11.81 billion U.S. dollars worth of this total. The legal tech startup market in North America, which generated 440 million U.S. dollars in 2021, is forecast to grow at a compound annual growth rate (CAGR) of 9.33 percent for the period to 2027, with revenues set to reach 750 million U.S. dollars at the end of this period.
Legal tech market revenue in North America from 2021 to 2027, by business type
(in billion U.S. dollars)
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 market revenue in North America from 2021 to 2027, by business type (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1168099/north-america-legal-tech-market-revenue-by-business-type/
Statista. "Legal tech market revenue in North America from 2021 to 2027, by business type (in billion U.S. dollars)." Chart. August 10, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1168099/north-america-legal-tech-market-revenue-by-business-type/
Statista. (2022). Legal tech market revenue in North America from 2021 to 2027, by business type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1168099/north-america-legal-tech-market-revenue-by-business-type/
Statista. "Legal Tech Market Revenue in North America from 2021 to 2027, by Business Type (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Aug 2022, https://www.statista.com/statistics/1168099/north-america-legal-tech-market-revenue-by-business-type/
Statista, Legal tech market revenue in North America from 2021 to 2027, by business type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1168099/north-america-legal-tech-market-revenue-by-business-type/ (last visited November 21, 2024)
Legal tech market revenue in North America from 2021 to 2027, by business type (in billion U.S. dollars) [Graph], Statista, August 10, 2022. [Online]. Available: https://www.statista.com/statistics/1168099/north-america-legal-tech-market-revenue-by-business-type/
