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Law Firms in New York

Author.Name IBISWorld United States Last Updated: April 2025 NAICS NY54111

Law Firms in New York industry analysis

The Law Firms industry in New York is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to x,xxx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x billion.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to x,xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x billion.

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About the Law Firms in New York Market Research Report

What’s Included in the Law Firms in New York Market Research Report

Definition of the Law Firms in New York?

Law firms in the United States comprise the offices of legal practitioners, known as lawyers or attorneys, who primarily practice law. The industry provides expertise in various areas of law, including criminal, corporate, family and estate, patent, real estate or tax.

What’s included in the Law Firms in New York?

The Law Firms in New York includes criminal law services, corporate law services, family law services, estate law services, intellectual property law services, real estate law services, tax law services, commercial law services, personal injury services and property law services. Related terms covered in the Law Firms in New York industry report includes the issuing of a company's common stock to the public for the first time, the buying, selling and combining of companies, the inability to pay debts, the largest firms in the industry and professional work that is undertaken voluntarily and without payment.

Industry Performance of the Law Firms industry in New York

Benchmark the Law Firms in New York industry performance with all NY county and national performance.

Law Firms in New York

#1 in Highest Revenue 15.9% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Law Firms in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Law Firms industry in New York

See how key industry drivers, such as population, median houshold income, new business formation, corporate profit, number of businesses and per capita disposable income are impacting Law Firms in New York

New York Economic Indicators

Population
Median Houshold Income
New Business Formation

View more economic information in NY State Economic profile

US Key External Drivers

Corporate profit
Number of businesses
Per capita disposable income

For the full list of industry drivers, see report purchase options.

County Data of the Law Firms industry in New York

Access proprietary data on county in the Law Firms in New York, such as New York County, Westchester County and Nassau County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Law Firms industry in New York

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Law Firms industry in New York in 2025?

The market size of the Law Firms industry in New York is $67.8bn in 2025.

How many businesses are there in the Law Firms industry in New York in 2025?

There are 31,551 businesses in the Law Firms industry in New York, which has been declining at an average annual rate of -0.1% from 2020 to 2025.

Has the Law Firms industry in New York grown or declined over the past 5 years?

The market size of the Law Firms industry in New York has been growing at an average annual rate of 2.3% from 2020 to 2025.

How many employees in the Law Firms industry in New York in 2025?

There are 147,026 employees in the Law Firms industry in New York, which has been growing at an average annual rate of 0.3% from 2020 to 2025.