In 2021, the legal tech market in Europe generated revenues of 6.97 billion U.S. dollars, with incumbents generating 6.68 billion U.S. dollars worth of this total. The legal tech startup market in Europe, which generated close to 290 million U.S. dollars in 2021, is forecast to grow at a compound annual growth rate (CAGR) of 10.91 percent for the period to 2027, with revenues set to reach 530 million U.S. dollars at the end of this period.
Legal tech market revenue in Europe 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 Europe from 2021 to 2027, by business type (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1168105/europe-legal-tech-market-revenue-by-business-type/
Statista. "Legal tech market revenue in Europe from 2021 to 2027, by business type (in billion U.S. dollars)." Chart. August 10, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1168105/europe-legal-tech-market-revenue-by-business-type/
Statista. (2022). Legal tech market revenue in Europe from 2021 to 2027, by business type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1168105/europe-legal-tech-market-revenue-by-business-type/
Statista. "Legal Tech Market Revenue in Europe from 2021 to 2027, by Business Type (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Aug 2022, https://www.statista.com/statistics/1168105/europe-legal-tech-market-revenue-by-business-type/
Statista, Legal tech market revenue in Europe from 2021 to 2027, by business type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1168105/europe-legal-tech-market-revenue-by-business-type/ (last visited December 22, 2024)
Legal tech market revenue in Europe from 2021 to 2027, by business type (in billion U.S. dollars) [Graph], Statista, August 10, 2022. [Online]. Available: https://www.statista.com/statistics/1168105/europe-legal-tech-market-revenue-by-business-type/
