Legal technology, also known as Legal Tech, refers to the use of technology and software to provide legal services. Legal Tech companies are generally startups founded with the purpose of disrupting the traditionally conservative legal market. LegalTech Artificial Intelligence is the application of AI in Legal Tech area.
The latest research study released by Market IntelliX evaluates market size and forecasts of LegalTech Artificial Intelligence in Global, including the following market information:
Global LegalTech Artificial Intelligence Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global LegalTech Artificial Intelligence market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Lawyers Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of LegalTech Artificial Intelligence include Blue J Legal, Casetext Inc., Catalyst Repository Systems, eBREVIA, Everlaw, FiscalNote, Judicata, Justia and Knomos Knowledge Management Inc., etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MI has surveyed the LegalTech Artificial Intelligence companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Market Segmentations:
Global LegalTech Artificial Intelligence Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global LegalTech Artificial Intelligence Market Segment Percentages, by Type, 2021 (%)
Lawyers
Clients
Global LegalTech Artificial Intelligence Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global LegalTech Artificial Intelligence Market Segment Percentages, by Application, 2021 (%)
Document Management System
Practice and Case Management
Contract Management
IP-Management
Legal Research
Legal Analytics
Cyber Security
Predictive Technology
Compliance
Global LegalTech Artificial Intelligence Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global LegalTech Artificial Intelligence Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies LegalTech Artificial Intelligence revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies LegalTech Artificial Intelligence revenues share in global market, 2021 (%)
The report presents profiles of competitors in the market, Some of the prominent key players covered:
Blue J Legal
Casetext Inc.
Catalyst Repository Systems
eBREVIA
Everlaw
FiscalNote
Judicata
Justia
Knomos Knowledge Management Inc.
Lawgeex
Legal Robot Inc.
LEVERTON
LexMachina
Loom Analytics
Luminance Technologies Ltd.
Ravel Law
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
1 Introduction to Research & Analysis Reports
1.1 LegalTech Artificial Intelligence Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global LegalTech Artificial Intelligence Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global LegalTech Artificial Intelligence Overall Market Size
2.1 Global LegalTech Artificial Intelligence Market Size: 2021 VS 2028
2.2 Global LegalTech Artificial Intelligence Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top LegalTech Artificial Intelligence Players in Global Market
3.2 Top Global LegalTech Artificial Intelligence Companies Ranked by Revenue
3.3 Global LegalTech Artificial Intelligence Revenue by Companies
3.4 Top 3 and Top 5 LegalTech Artificial Intelligence Companies in Global Market, by Revenue in 2021
3.5 Global Companies LegalTech Artificial Intelligence Product Type
3.6 Tier 1, Tier 2 and Tier 3 LegalTech Artificial Intelligence Players in Global Market
3.6.1 List of Global Tier 1 LegalTech Artificial Intelligence Companies
3.6.2 List of Global Tier 2 and Tier 3 LegalTech Artificial Intelligence Companies
4 Market Sights by Product
4.1 Overview
4.1.1 by Type - Global LegalTech Artificial Intelligence Market Size Markets, 2021 & 2028
4.1.2 Lawyers
4.1.3 Clients
4.2 By Type - Global LegalTech Artificial Intelligence Revenue & Forecasts
4.2.1 By Type - Global LegalTech Artificial Intelligence Revenue, 2017-2022
4.2.2 By Type - Global LegalTech Artificial Intelligence Revenue, 2023-2028
4.2.3 By Type - Global LegalTech Artificial Intelligence Revenue Market Share, 2017-2028
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global LegalTech Artificial Intelligence Market Size, 2021 & 2028
5.1.2 Document Management System
5.1.3 Practice and Case Management
5.1.4 Contract Management
5.1.5 IP-Management
5.1.6 Legal Research
5.1.7 Legal Analytics
5.1.8 Cyber Security
5.1.9 Predictive Technology
5.1.10 Compliance
5.2 By Application - Global LegalTech Artificial Intelligence Revenue & Forecasts
5.2.1 By Application - Global LegalTech Artificial Intelligence Revenue, 2017-2022
5.2.2 By Application - Global LegalTech Artificial Intelligence Revenue, 2023-2028
5.2.3 By Application - Global LegalTech Artificial Intelligence Revenue Market Share, 2017-2028
6 Sights by Region
6.1 By Region - Global LegalTech Artificial Intelligence Market Size, 2021 & 2028
6.2 By Region - Global LegalTech Artificial Intelligence Revenue & Forecasts
6.2.1 By Region - Global LegalTech Artificial Intelligence Revenue, 2017-2022
6.2.2 By Region - Global LegalTech Artificial Intelligence Revenue, 2023-2028
6.2.3 By Region - Global LegalTech Artificial Intelligence Revenue Market Share, 2017-2028
6.3 North America
6.3.1 By Country - North America LegalTech Artificial Intelligence Revenue, 2017-2028
6.3.2 US LegalTech Artificial Intelligence Market Size, 2017-2028
6.3.3 Canada LegalTech Artificial Intelligence Market Size, 2017-2028
6.3.4 Mexico LegalTech Artificial Intelligence Market Size, 2017-2028
6.4 Europe
6.4.1 By Country - Europe LegalTech Artificial Intelligence Revenue, 2017-2028
6.4.2 Germany LegalTech Artificial Intelligence Market Size, 2017-2028
6.4.3 France LegalTech Artificial Intelligence Market Size, 2017-2028
6.4.4 U.K. LegalTech Artificial Intelligence Market Size, 2017-2028
6.4.5 Italy LegalTech Artificial Intelligence Market Size, 2017-2028
6.4.6 Russia LegalTech Artificial Intelligence Market Size, 2017-2028
6.4.7 Nordic Countries LegalTech Artificial Intelligence Market Size, 2017-2028
6.4.8 Benelux LegalTech Artificial Intelligence Market Size, 2017-2028
6.5 Asia
6.5.1 By Region - Asia LegalTech Artificial Intelligence Revenue, 2017-2028
6.5.2 China LegalTech Artificial Intelligence Market Size, 2017-2028
6.5.3 Japan LegalTech Artificial Intelligence Market Size, 2017-2028
6.5.4 South Korea LegalTech Artificial Intelligence Market Size, 2017-2028
6.5.5 Southeast Asia LegalTech Artificial Intelligence Market Size, 2017-2028
6.5.6 India LegalTech Artificial Intelligence Market Size, 2017-2028
6.6 South America
6.6.1 By Country - South America LegalTech Artificial Intelligence Revenue, 2017-2028
6.6.2 Brazil LegalTech Artificial Intelligence Market Size, 2017-2028
6.6.3 Argentina LegalTech Artificial Intelligence Market Size, 2017-2028
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa LegalTech Artificial Intelligence Revenue, 2017-2028
6.7.2 Turkey LegalTech Artificial Intelligence Market Size, 2017-2028
6.7.3 Israel LegalTech Artificial Intelligence Market Size, 2017-2028
6.7.4 Saudi Arabia LegalTech Artificial Intelligence Market Size, 2017-2028
6.7.5 UAE LegalTech Artificial Intelligence Market Size, 2017-2028
7 Players Profiles
7.1 Blue J Legal
7.1.1 Blue J Legal Corporate Summary
7.1.2 Blue J Legal Business Overview
7.1.3 Blue J Legal LegalTech Artificial Intelligence Major Product Offerings
7.1.4 Blue J Legal LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.1.5 Blue J Legal Key News
7.2 Casetext Inc.
7.2.1 Casetext Inc. Corporate Summary
7.2.2 Casetext Inc. Business Overview
7.2.3 Casetext Inc. LegalTech Artificial Intelligence Major Product Offerings
7.2.4 Casetext Inc. LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.2.5 Casetext Inc. Key News
7.3 Catalyst Repository Systems
7.3.1 Catalyst Repository Systems Corporate Summary
7.3.2 Catalyst Repository Systems Business Overview
7.3.3 Catalyst Repository Systems LegalTech Artificial Intelligence Major Product Offerings
7.3.4 Catalyst Repository Systems LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.3.5 Catalyst Repository Systems Key News
7.4 eBREVIA
7.4.1 eBREVIA Corporate Summary
7.4.2 eBREVIA Business Overview
7.4.3 eBREVIA LegalTech Artificial Intelligence Major Product Offerings
7.4.4 eBREVIA LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.4.5 eBREVIA Key News
7.5 Everlaw
7.5.1 Everlaw Corporate Summary
7.5.2 Everlaw Business Overview
7.5.3 Everlaw LegalTech Artificial Intelligence Major Product Offerings
7.5.4 Everlaw LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.5.5 Everlaw Key News
7.6 FiscalNote
7.6.1 FiscalNote Corporate Summary
7.6.2 FiscalNote Business Overview
7.6.3 FiscalNote LegalTech Artificial Intelligence Major Product Offerings
7.6.4 FiscalNote LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.6.5 FiscalNote Key News
7.7 Judicata
7.7.1 Judicata Corporate Summary
7.7.2 Judicata Business Overview
7.7.3 Judicata LegalTech Artificial Intelligence Major Product Offerings
7.7.4 Judicata LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.7.5 Judicata Key News
7.8 Justia
7.8.1 Justia Corporate Summary
7.8.2 Justia Business Overview
7.8.3 Justia LegalTech Artificial Intelligence Major Product Offerings
7.8.4 Justia LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.8.5 Justia Key News
7.9 Knomos Knowledge Management Inc.
7.9.1 Knomos Knowledge Management Inc. Corporate Summary
7.9.2 Knomos Knowledge Management Inc. Business Overview
7.9.3 Knomos Knowledge Management Inc. LegalTech Artificial Intelligence Major Product Offerings
7.9.4 Knomos Knowledge Management Inc. LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.9.5 Knomos Knowledge Management Inc. Key News
7.10 Lawgeex
7.10.1 Lawgeex Corporate Summary
7.10.2 Lawgeex Business Overview
7.10.3 Lawgeex LegalTech Artificial Intelligence Major Product Offerings
7.10.4 Lawgeex LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.10.5 Lawgeex Key News
7.11 Legal Robot Inc.
7.11.1 Legal Robot Inc. Corporate Summary
7.11.2 Legal Robot Inc. Business Overview
7.11.3 Legal Robot Inc. LegalTech Artificial Intelligence Major Product Offerings
7.11.4 Legal Robot Inc. LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.11.5 Legal Robot Inc. Key News
7.12 LEVERTON
7.12.1 LEVERTON Corporate Summary
7.12.2 LEVERTON Business Overview
7.12.3 LEVERTON LegalTech Artificial Intelligence Major Product Offerings
7.12.4 LEVERTON LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.12.5 LEVERTON Key News
7.13 LexMachina
7.13.1 LexMachina Corporate Summary
7.13.2 LexMachina Business Overview
7.13.3 LexMachina LegalTech Artificial Intelligence Major Product Offerings
7.13.4 LexMachina LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.13.5 LexMachina Key News
7.14 Loom Analytics
7.14.1 Loom Analytics Corporate Summary
7.14.2 Loom Analytics Business Overview
7.14.3 Loom Analytics LegalTech Artificial Intelligence Major Product Offerings
7.14.4 Loom Analytics LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.14.5 Loom Analytics Key News
7.15 Luminance Technologies Ltd.
7.15.1 Luminance Technologies Ltd. Corporate Summary
7.15.2 Luminance Technologies Ltd. Business Overview
7.15.3 Luminance Technologies Ltd. LegalTech Artificial Intelligence Major Product Offerings
7.15.4 Luminance Technologies Ltd. LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.15.5 Luminance Technologies Ltd. Key News
7.16 Ravel Law
7.16.1 Ravel Law Corporate Summary
7.16.2 Ravel Law Business Overview
7.16.3 Ravel Law LegalTech Artificial Intelligence Major Product Offerings
7.16.4 Ravel Law LegalTech Artificial Intelligence Revenue in Global Market (2017-2022)
7.16.5 Ravel Law Key News
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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