Overview

IBISWorld’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. IBISWorld’s Business Law Services procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Business Law Services - Recent Price Trend

During the three years to 2017, the average price of business law services has been growing strongly at an estimated annualized rate of 3.9%. Although the robust growth in service rates has challenged buyer power, low price volatility during the period has offset the impact of this increase to an extent. High market competition has also encouraged providers to keep price increases steady despite...

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Business Law Services - Total Cost of Ownership

The total cost of ownership for business law services is considered low because the cost of other products and services that must be purchased in conjunction with the service amounts to less than 50.0% of the benchmark purchase price per year. Although operators in this market should disclose the types of charges incurred before the start of the service, the prominence of the time and materials...

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About this Report

This report is intended to assist buyers of business law services. Suppliers in this market provide legal counsel in cases concerning real estate, taxation, bankruptcy, partnership, antitrust, regulation, patent, copyright as well as mergers and acquisitions. Vendors also provide legal research services, debt collection law services and healthcare claim law services. This report does not cover criminal law, civil liability, family law, legal review or jury and witness services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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