IncFact
Company Profiles: Revenue, Growth, Competition

Legal Services Industry

NAICS: 5411

Contents

.Legal Services Market Share: Largest Companies in the Legal Services Industry

Company HeadquartersRevenue ($ MM)
AUSTIN 316 FIDUCIARY LIMITEDOceanside, NY100 
CONSILIOWashington, DC66 
LATHAM & WATKINSLos Angeles, CA54 
KIRKLAND & ELLISChicago, IL49 
CO STATE FRATERNAL ORDER OF POLICEWestminster, CO44 
GREENBERG TRAURIG P.A.Miami, FL42 
PROFESSIONAL LAW ENFORCEMENT ARochester, MI38 
CHG COMPANIESMidvale, UT35 
BAKER & MCKENZIEChicago, IL33 
FRAGOMEN DEL REY BERNSEN & LOEWYWashington D.c., DC32 
JONES DAYCleveland, OH29 
NORTH CAROLINA BAR FOUNDATIONCary, NC29 
SIDLEY AUSTINChicago, IL27 
K&L GATESPittsburgh, PA27 
DLA PIPER LLP USBaltimore, MD24 
HOLLAND & KNIGHTBrandon, FL24 
MORRISON & FOERSTERSan Francisco, CA24 
SAN ANTONIO POLICE OFFICERS & FIREFIGHTERS PREPAID LEGAL PLAN & TRUSTSan Antonio, TX24 
MORGAN LEWIS & BOCKIUSPhiladelphia, PA23 


See exact company revenues in this list


This is a list of the largest companies active in the Legal Services industry. This differs from market share in the following example: One business with revenues of $100 million generates 10% of its business from the Legal Services industry. A second firm, with revenues of $20 million, generates all of its business from this industry. In our list, we show the businesses having revenues of $100 million and $20 million, respectively. However, the market share would compare the $10 million in industry-specific revenue to the $20 million: the second company has twice the market share even though it is "smaller" in size.


.Growth: Fastest Growing Legal Services Companies

A list of competitors in the Legal Services industry that are rapidly expanding. Businesses may grow organically or through acquisition. Typically, small or midsized companies are in "growth" mode and can expand more rapidly. However, large businesses may have the strategy and financial capabilities to scale rapidly. Businesses that employ a "roll-up" strategy make multiple acquisitions of smaller businesses to form a single large corporation that controls a greater market share than its competitors and benefits from economies of scale.

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.Small Business Financing

Small businesses that have received financing may expand soon. Financing may be required for capital-intensive investments, such as real estate or equipment purchases. Legal Services businesses may use the financing to cover startup expenses or the costs of hiring new employees. Loans differ from equity investments in the level of risk that is expected: loans frequently have collateral either directly or implicitly through the business or the owners that ensure repayment. Equity investment has the possibility for much greater returns, but offers no guarantee the principle will be repaid. Convertible securities combine the two concepts, but is used by private-equity firms rather than main street startups.

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. Venture Funding

These Legal Services companies are actively raising capital from venture capital firms, private equity, or other investors. Businesses with venture funding generally have higher growth prospects, either through bringing new concepts to market, using innovative business practices, or savvy management.

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