Market size and recent performance (2009-2024)
Industry revenue has grown at a CAGR of 0.7% over the past five years, to reach an estimated $26.6bn in 2019.
Trends and Insights
Biggest companies in the Legal Services in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
Baker McKenzie | ||||
Creel, García-Cuéllar, Aiza and Enríquez, S.C. | ||||
Galicia Abogados S.C. |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Corporate law, Family law and Other legal services. Corporate law is the largest segment of the Legal Services in Mexico.
Trends and Insights
• Corporate law accounts for the largest percentage of revenue at 73.7%.
- This segment includes various forms of services related to business, such as mergers and acquisitions, employment and labor, intellectual property, finance and securities and tax law.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Legal Services industry in Mexico includes establishments that primarily focus on providing advisory services and legal representation for legal defense before court or administrative agencies, notarial and certification services and advising and providing support services to carry out legal procedures. Establishments that are not notaries but are mainly dedicated to supporting the registration of property titles, verifying that all necessary documentation to make a purchase-sale of real estate is in order, preparing the corresponding paperwork and ensuring that the property being sold meets all legal requirements are also included. However, establishments that provide payment services on behalf of customers, which do not imply any legal process, and customs agencies are not included. The industry has been growing in line with Mexico's overall economy. Over the five years to 2019, industry revenue is expected to increase at an annualized rate of 0.7% to MXN $26.6 billion, including an increase of 1.5% in 2019 alone.
What's included in this industry?
Providing criminal law servicesProviding corporate and commercial law servicesProviding estate and family law servicesProviding intellectual property law servicesProvides real estate and property law servicesProviding tax law servicesProviding personal injury servicesCorporate lawFamily lawOther legal servicesCompanies
Baker McKenzieCreel, García-Cuéllar, Aiza and Enríquez, S.C.Galicia Abogados S.C.Purchase this report to view all 4 major companies in this industry.
Related Terms
INITIAL PUBLIC OFFERINGS (IPO)MERGERS AND ACQUISITION (M&A)PRO BONOIndustry Code
NAICS 54111MX - Legal Services in Mexico
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
GDP of Mexico. GDP of Mexico measures the total value of all goods and services produced in the economy. Therefore, GDP is equal to the sum of consumption by individuals, cons...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
• Corporate law accounts for the largest percentage of revenue at 73.7%. This segment includes various forms of services related to business, such as mergers and acquisit...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The distribution of establishments in the Legal Services industry typically trends in line with population density and business concentration. As a result, the Southwest regio...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Ability to effectively communicate and negotiate. Strong communication skills are essential for contract negotiations and settlements outside of court. Such skills are also ne...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2014-2019
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Baker McKenzie is a Chicago-based international law firm that operates in 46 countries, including Mexico, through 78 offices. Currently, the firm employs over 13,000 individua...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of Baker McKenzie's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Creel, García-Cuéllar, Aiza and Enríquez, S.C.'s performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Galicia Abogados S.C.'s performance by revenue, market share and profit margin from 2013 through 2019
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Baker McKenzie, and factors influencing its performance in the industry
- Description and key data for Creel, García-Cuéllar, Aiza and Enríquez, S.C., and factors influencing its performance in the industry
- Description and key data for Galicia Abogados S.C., and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
In Mexico, the states regulate entry into the Legal Services industry. To become a lawyer in Mexico, it typically takes four to five years. Individuals must complete a law deg...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Legal Services industry in Mexico in 2019?
The market size of the Legal Services industry in Mexico is $26.6bn in 2019.
How many businesses are there in the Legal Services in Mexico industry in 2019?
There are 31,465 businesses in the Legal Services industry in Mexico, which has declined at a CAGR of 1.9% between 2014 and 2019.
Has the Legal Services industry in Mexico grown or declined over the past 5 years?
The market size of the Legal Services industry in Mexico has been at a CAGR of 0.7% between 2014 and 2019.
What is the forecast growth of the Legal Services industry in Mexico over the next 5 years?
The Legal Services in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Legal Services market in Mexico?
The biggest companies operating in the Legal Services market in Mexico are Baker McKenzie, Creel, García-Cuéllar, Aiza and Enríquez, S.C. and Galicia Abogados S.C.
What does the Legal Services in Mexico include?
Providing criminal law services and Providing corporate and commercial law services are part of the Legal Services industry.
Which companies have the highest market share in the Legal Services in Mexico?
The company holding the most market share in Mexico is Baker McKenzie.
How many people are/were employed in the Legal Services in Mexico in 2019?
There are 124k employed in the Legal Services industry in Mexico 2019.
Widen your competitive advantage with related industries
Related Domestic Industries
- Companies in this industry provide advice to organizations on management issues, such as strategic planning; marketing objectives and policies; and human resource policies and practices.
- Companies in this industry provide a range of financial services, such as auditing of accounting records, preparing financial statements, developing budgets and preparing tax returns.
- Companies in this industry provide business support services, such as document preparation, telemarketing, photocopying, debt collection, financial solvency research, faxing and other services.
Methodology
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
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Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
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