The legal services sector plays a pivotal role in the global economy by ensuring the proper functioning of legal frameworks, dispute resolution, compliance, and business transactions across borders. Legal services encompass a wide range of activities, including corporate law, intellectual property, litigation, and legal advisory services. In 2024, the global legal services market was valued at approximately $1 trillion, contributing around 1.1% of global GDP, with over 10 million professionals employed worldwide, including lawyers, paralegals, and legal consultants.

The sector is projected to grow at a CAGR of 4.5%, reaching $1.5 trillion by 2030, driven by increasing demand for legal services in emerging markets, complex regulatory environments, and the growth of technology-related legal issues like data privacy and cybersecurity. Leading players in the legal services sector include the United States, with its expansive legal market and global law firms; the United Kingdom, home to prominent international law firms; and China, which is rapidly expanding its legal services industry.