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Consumer Lawyers & Attorneys in the US Industry Data and Analysis
Shaky economic conditions and the continued acceleration of direct competition have significantly impacted consumer lawyers and attorneys in the United States. The effects of the pandemic, coupled with rising interest rates, significantly impacted two core revenue niches: consumer interest and business growth, as this constrained consumers’ abilities to shop online more frequently and shrunk the potential litigation market due to a smaller number of businesses forming. While federal agencies and regulations continue to play a significant role in enhancing consumer protections and bolstering the ability of customers to pursue litigation, recent volatility in disposable income among consumers has constrained this possibility. Nonetheless, the rapid digitization and expansion of online shopping services have opened the marketplace to a greater chance of online scams or false advertising. Over the past five years, revenue fell at a CAGR of 1.1% to an estimated $37.2 billion, while profit remained relatively stable due to continued cost-cutting measures and a push toward online consultations.
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What's included in this industry analysis
IBISWorld's research coverage on the Consumer Lawyers & Attorneys industry in the United States includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released March 2024.
About this industry
What's this industry report about?
The Consumer Lawyers & Attorneys industry in the United States operates under the NAICS industry code OD6267. Operators in this industry are legal practitioners who are focused on the consumer experience and laws. These lawyers protect consumers from business fraud and scams, ensuring the consumer is treated fairly. Related terms covered in the Consumer Lawyers & Attorneys industry in the United States include litigation, civil law and pro bono.
What's included in this industry?
Products and services covered in Consumer Lawyers & Attorneys industry in the United States include Debt Collection Consultation, Predatory Lending Practices Consultation and Unfair/Deceptive Sales and Practices Consultation.
What companies are included in this industry?
The Consumer Lawyers & Attorneys industry in the United States is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Consumer Lawyers & Attorneys industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Consumer Lawyers & Attorneys industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Consumer Lawyers & Attorneys industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Consumer Lawyers & Attorneys industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Consumer Lawyers & Attorneys industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Consumer Lawyers & Attorneys industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Consumer Lawyers & Attorneys industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Consumer Lawyers & Attorneys industry in the United States.
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Frequently Asked Questions
What is the market size of the Consumer Lawyers & Attorneys industry in the United States in 2026?
The market size of the Consumer Lawyers & Attorneys industry in the United States is $37.2bn in 2026.
How many businesses are there in the Consumer Lawyers & Attorneys industry in the United States in 2024?
There are 80,749 businesses in the Consumer Lawyers & Attorneys industry in the United States, which has declined at a CAGR of 3.3 % between 2019 and 2024.
Has the Consumer Lawyers & Attorneys industry in the United States grown or declined over the past 5 years?
The market size of the Consumer Lawyers & Attorneys industry in the United States has been declining at a CAGR of 1.1 % between 2019 and 2024.
What is the forecast growth of the Consumer Lawyers & Attorneys industry in the United States over the next 5 years?
Over the next five years, the Consumer Lawyers & Attorneys industry in the United States is expected to grow.
What does the Consumer Lawyers & Attorneys industry in the United States include?
Debt Collection Consultation and Predatory Lending Practices Consultation are part of the Consumer Lawyers & Attorneys industry in the United States.
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