Industry Analysis & Industry Trends
Revenue within the Attorney and Legal Services industry increased by an estimated 9.5% in 2010 to $5.19 billion, with annualized growth of 11.5% since 2006. Slower growth in 2009 and 2010 was the result of the global financial crisis, with individuals and households limiting expenditure on legal issues.
The number of law firms in China increased steadily in the past few years, from 13,100 in 2006 to a forecast 15,200 in 2010. Over 70% of law firms in China are partnerships. They provide legal services for litigation in civil, commercial and criminal actions. Non-litigious legal services such as those for mergers and acquisitions, bankruptcies and IPOs are becoming an important part of many businesses.... purchase to read more
Industry Report - Industry Products Chapter
Commercial legal services mainly refer to services for commercial disputes, litigation and arbitration. This is the main revenue source for most law firms in China, because enterprises are more likely to take on the expense of a lawsuit and generally have a large economic interest in commercial disputes. Charges for commercial legal services tend to be higher than civil legal services, which is another reason for the higher share of this service sector. The share of this service sector is expected to remain steady in the future.
Civil legal services include those for divorce, wills and probates, personal property disputes, debts, contracts, etc... purchase to read more