The Europe Legal Technology Market would witness market growth of 8.8% CAGR during the forecast period (2023-2030).
Lawyers can glean valuable insights from data that might elucidate crucial evidence for case development and litigation strategy. By enabling businesses to improve their consumer experiences, AI is revolutionizing B2B marketing. To improve client experiences, the legal technology sector also uses AI. An additional use case is assisting law firms with their investigations and spotting anomalies and red flags to reduce risks.
In the coming years, the market is expected to develop due to the increased investments in technologies that optimize and automate legal processes to increase law firms' productivity and profitability and streamline operations. Judiciaries, private law firms, law societies, corporate legal departments (private and public sectors), providers of legal aid services, makers of legal products, and the broader legal systems are some important market participants. These major law firms are making significant investments in cutting-edge legal technology to provide their clients with high-quality legal services. Blockchain technology and smart contracts, now popular trends, have allowed legal departments and corporations to securely store data.
The rapid adoption of legal technology and the ever-growing amount of information is predicted to boost Europe's market share in this industry. Legal departments anticipate that attorneys will spend money on various technological solutions to increase their efficiency and productivity. The amount of money law firms and legal departments spend on technological solutions is expected to rise. Even if the world's financial resources are growing, they are still fairly limited compared to the people involved. Due to the growth in the need for legal expertise in the UK, Italy, Germany, France, and Spain, there will be an increase in demand for advanced legal technology services in those nations.
The Germany market dominated the Europe Legal Technology Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,893.2 million by 2030. The UK market is anticipated to grow at a CAGR of 7.9% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 9.7% during (2023 - 2030).
Based on Solution, the market is segmented into Software (On-premise and Cloud), and Services. Based on End User, the market is segmented into Law Firms, Corporate Legal Departments, and Others. Based on Type, the market is segmented into Contract Lifecycle Management, E-discovery, Compliance, Practice Management, Document Management, Legal Research, Analytics, Time-Tracking & Billing, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Legal Technology Market is Projected to reach USD 45.1 Billion by 2030, at a CAGR of 9.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Icertis, Inc., DocuSign, Inc., Knovos, LLC, RELX PLC (LexisNexis Risk Solutions, Inc.), Filevine, Inc., Casetext, Inc., ProfitSolv Corporation, Anaqua, Inc. (WiseTime), Paradigm and Everlaw, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Solution
By End User
- Law Firms
- Corporate Legal Departments
- Others
By Type
- Contract Lifecycle Management
- E-discovery
- Compliance
- Practice Management
- Document Management
- Legal Research
- Analytics
- Time-Tracking & Billing
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Icertis, Inc.
- DocuSign, Inc.
- Knovos, LLC
- RELX PLC (LexisNexis Risk Solutions, Inc.)
- Filevine, Inc.
- Casetext, Inc.
- ProfitSolv Corporation
- Anaqua, Inc. (WiseTime)
- Paradigm
- Everlaw, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Legal Technology Market, by Solution
1.4.2 Europe Legal Technology Market, by End User
1.4.3 Europe Legal Technology Market, by Type
1.4.4 Europe Legal Technology Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2022, Mar – 2023, May) Leading Players
Chapter 4. Europe Legal Technology Market by Solution
4.1 Europe Software Market by Country
4.2 Europe Legal Technology Market by Software Type
4.2.1 Europe On-premise Market by Country
4.2.2 Europe Cloud Market by Country
4.3 Europe Services Market by Country
Chapter 5. Europe Legal Technology Market by End-user
5.1 Europe Law Firms Market by Country
5.2 Europe Corporate Legal Departments Market by Country
5.3 Europe Others Market by Country
Chapter 6. Europe Legal Technology Market by Type
6.1 Europe Contract Lifecycle Management Market by Country
6.2 Europe E-discovery Market by Country
6.3 Europe Compliance Market by Country
6.4 Europe Practice Management Market by Country
6.5 Europe Document Management Market by Country
6.6 Europe Legal Research Market by Country
6.7 Europe Analytics Market by Country
6.8 Europe Time-Tracking & Billing Market by Country
6.9 Europe Others Market by Country
Chapter 7. Europe Legal Technology Market by Country
7.1 Germany Legal Technology Market
7.1.1 Germany Legal Technology Market by Solution
7.1.1.1 Germany Legal Technology Market by Software Type
7.1.2 Germany Legal Technology Market by End-user
7.1.3 Germany Legal Technology Market by Type
7.2 UK Legal Technology Market
7.2.1 UK Legal Technology Market by Solution
7.2.1.1 UK Legal Technology Market by Software Type
7.2.2 UK Legal Technology Market by End-user
7.2.3 UK Legal Technology Market by Type
7.3 France Legal Technology Market
7.3.1 France Legal Technology Market by Solution
7.3.1.1 France Legal Technology Market by Software Type
7.3.2 France Legal Technology Market by End-user
7.3.3 France Legal Technology Market by Type
7.4 Russia Legal Technology Market
7.4.1 Russia Legal Technology Market by Solution
7.4.1.1 Russia Legal Technology Market by Software Type
7.4.2 Russia Legal Technology Market by End-user
7.4.3 Russia Legal Technology Market by Type
7.5 Spain Legal Technology Market
7.5.1 Spain Legal Technology Market by Solution
7.5.1.1 Spain Legal Technology Market by Software Type
7.5.2 Spain Legal Technology Market by End-user
7.5.3 Spain Legal Technology Market by Type
7.6 Italy Legal Technology Market
7.6.1 Italy Legal Technology Market by Solution
7.6.1.1 Italy Legal Technology Market by Software Type
7.6.2 Italy Legal Technology Market by End-user
7.6.3 Italy Legal Technology Market by Type
7.7 Rest of Europe Legal Technology Market
7.7.1 Rest of Europe Legal Technology Market by Solution
7.7.1.1 Rest of Europe Legal Technology Market by Software Type
7.7.2 Rest of Europe Legal Technology Market by End-user
7.7.3 Rest of Europe Legal Technology Market by Type
Chapter 8. Company Profiles
8.1 Icertis, Inc.
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Partnerships, Collaborations, and Agreements:
8.1.2.2 Product Launches and Product Expansions:
8.2 Docusign, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.5.3 Geographical Expansions:
8.3 Knovos, LLC
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Partnerships, Collaborations, and Agreements:
8.3.2.2 Product Launches and Product Expansions:
8.4 RELX PLC (LexisNexis Risk Solutions, Inc.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Partnerships, Collaborations, and Agreements:
8.4.4.2 Product Launches and Product Expansions:
8.4.4.3 Acquisition and Mergers:
8.5 Filevine, Inc.
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.5.2.2 Acquisition and Mergers:
8.6 Casetext, Inc.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.6.2.2 Product Launches and Product Expansions:
8.7 ProfitSolv Corporation
8.7.1 Company Overview
8.8 Anaqua, Inc. (WiseTime)
8.8.1 Company Overview
8.9 Paradigm
8.9.1 Company Overview
8.10. Everlaw, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Europe Legal Technology Market, 2019 - 2022, USD Million
TABLE 2 Europe Legal Technology Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Legal Technology Market
TABLE 4 Product Launches And Product Expansions– Legal Technology Market
TABLE 5 Acquisition and Mergers– Legal Technology Market
TABLE 6 Geographical Expansions – Legal Technology Market
TABLE 7 Europe Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 8 Europe Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 9 Europe Software Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Software Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 12 Europe Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 13 Europe On-premise Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe On-premise Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Cloud Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Cloud Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Services Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Services Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 20 Europe Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 21 Europe Law Firms Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Law Firms Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Corporate Legal Departments Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Corporate Legal Departments Market by Country, 2023 - 2030, USD Million
TABLE 25 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 28 Europe Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 29 Europe Contract Lifecycle Management Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Contract Lifecycle Management Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe E-discovery Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe E-discovery Market by Country, 2023 - 2030, USD Million
TABLE 33 Europe Compliance Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Compliance Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe Practice Management Market by Country, 2019 - 2022, USD Million
TABLE 36 Europe Practice Management Market by Country, 2023 - 2030, USD Million
TABLE 37 Europe Document Management Market by Country, 2019 - 2022, USD Million
TABLE 38 Europe Document Management Market by Country, 2023 - 2030, USD Million
TABLE 39 Europe Legal Research Market by Country, 2019 - 2022, USD Million
TABLE 40 Europe Legal Research Market by Country, 2023 - 2030, USD Million
TABLE 41 Europe Analytics Market by Country, 2019 - 2022, USD Million
TABLE 42 Europe Analytics Market by Country, 2023 - 2030, USD Million
TABLE 43 Europe Time-Tracking & Billing Market by Country, 2019 - 2022, USD Million
TABLE 44 Europe Time-Tracking & Billing Market by Country, 2023 - 2030, USD Million
TABLE 45 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 46 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 47 Europe Legal Technology Market by Country, 2019 - 2022, USD Million
TABLE 48 Europe Legal Technology Market by Country, 2023 - 2030, USD Million
TABLE 49 Germany Legal Technology Market, 2019 - 2022, USD Million
TABLE 50 Germany Legal Technology Market, 2023 - 2030, USD Million
TABLE 51 Germany Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 52 Germany Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 53 Germany Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 54 Germany Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 55 Germany Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 56 Germany Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 57 Germany Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 58 Germany Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 59 UK Legal Technology Market, 2019 - 2022, USD Million
TABLE 60 UK Legal Technology Market, 2023 - 2030, USD Million
TABLE 61 UK Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 62 UK Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 63 UK Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 64 UK Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 65 UK Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 66 UK Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 67 UK Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 68 UK Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 69 France Legal Technology Market, 2019 - 2022, USD Million
TABLE 70 France Legal Technology Market, 2023 - 2030, USD Million
TABLE 71 France Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 72 France Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 73 France Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 74 France Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 75 France Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 76 France Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 77 France Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 78 France Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 79 Russia Legal Technology Market, 2019 - 2022, USD Million
TABLE 80 Russia Legal Technology Market, 2023 - 2030, USD Million
TABLE 81 Russia Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 82 Russia Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 83 Russia Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 84 Russia Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 85 Russia Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 86 Russia Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 87 Russia Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 88 Russia Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 89 Spain Legal Technology Market, 2019 - 2022, USD Million
TABLE 90 Spain Legal Technology Market, 2023 - 2030, USD Million
TABLE 91 Spain Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 92 Spain Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 93 Spain Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 94 Spain Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 95 Spain Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 96 Spain Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 97 Spain Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 98 Spain Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 99 Italy Legal Technology Market, 2019 - 2022, USD Million
TABLE 100 Italy Legal Technology Market, 2023 - 2030, USD Million
TABLE 101 Italy Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 102 Italy Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 103 Italy Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 104 Italy Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 105 Italy Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 106 Italy Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 107 Italy Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 108 Italy Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 109 Rest of Europe Legal Technology Market, 2019 - 2022, USD Million
TABLE 110 Rest of Europe Legal Technology Market, 2023 - 2030, USD Million
TABLE 111 Rest of Europe Legal Technology Market by Solution, 2019 - 2022, USD Million
TABLE 112 Rest of Europe Legal Technology Market by Solution, 2023 - 2030, USD Million
TABLE 113 Rest of Europe Legal Technology Market by Software Type, 2019 - 2022, USD Million
TABLE 114 Rest of Europe Legal Technology Market by Software Type, 2023 - 2030, USD Million
TABLE 115 Rest of Europe Legal Technology Market by End-user, 2019 - 2022, USD Million
TABLE 116 Rest of Europe Legal Technology Market by End-user, 2023 - 2030, USD Million
TABLE 117 Rest of Europe Legal Technology Market by Type, 2019 - 2022, USD Million
TABLE 118 Rest of Europe Legal Technology Market by Type, 2023 - 2030, USD Million
TABLE 119 Key Information – Icertis, Inc.
TABLE 120 Key information – DOCUSIGN, INC.
TABLE 121 Key Information – Knovos, LLC
TABLE 122 Key Information – RELX PLC
TABLE 123 Key Information – Filevine, Inc.
TABLE 124 Key Information – Casetext, Inc.
TABLE 125 Key Information – ProfitSolv Corporation
TABLE 126 Key Information – Anaqua, Inc.
TABLE 127 Key Information – Paradigm
TABLE 128 Key Information – Everlaw, Inc.
LIST OF FIGURES
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2022, Mar – 2023, May) Leading Players
FIG 5 Europe Legal Technology Market share by Solution, 2022
FIG 6 Europe Legal Technology Market share by Solution, 2030
FIG 7 Europe Legal Technology Market by Solution, 2019 - 2030, USD Million
FIG 8 Europe Legal Technology Market share by End-user, 2022
FIG 9 Europe Legal Technology Market share by End-user, 2030
FIG 10 Europe Legal Technology Market by End-user, 2019 - 2030, USD Million
FIG 11 Europe Legal Technology Market share by Type, 2022
FIG 12 Europe Legal Technology Market share by Type, 2030
FIG 13 Europe Legal Technology Market by Type, 2019 - 2030, USD Million
FIG 14 Europe Legal Technology Market share by Country, 2022
FIG 15 Europe Legal Technology Market share by Country, 2030
FIG 16 Europe Legal Technology Market by Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: Icertis, Inc.
FIG 18 Recent strategies and developments: DocuSign, Inc.
FIG 19 Recent strategies and developments: RELX PLC
FIG 20 Recent strategies and developments: Filevine, Inc.
FIG 21 Recent strategies and developments: Casetext, Inc.