Legal Services in India: ISIC 7411

Country Report

About This Report

Mar 2018

Indian business activity and household earnings increase significantly in 2016, translating into higher demand for legal services and 8% higher industry turnover

Accelerating economic activities and regulatory changes in India are anticipated to bring the industry’s size up at a 10% CAGR over 2016-2021

Industry players start to adopt artificial intelligence and other digital tools, following global legal trends

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Legal Services in India: ISIC 7411

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Headlines

Prospects

Indians spend more on legal services, due to increasing business activity and higher household incomes
Booming business deals sector elevate legal services demand
Regulatory changes to boost legal service needs in the near future

Competitive Landscape

Indian law firms follow global developments by adopting new IT solutions
Industry is expanding with new employees and offices

Industry Overview

Chart 1 Production vs Nominal GDP 2001–2021
Table 1 Key Industry Indicators 2011–2016
Table 2 Key Industry Indicators: Annual Growth 2012–2016

Firmographics

Table 3 Number of Companies by Employment Size 2011–2016
Table 4 Number of Companies by Employment Size: Annual Growth 2012–2016
Table 5 Number of Companies by Employment Size: Share of Total 2011–2016
Table 6 Industry Leaders: Company Production Shares in 2016

Market and Buyers

Table 7 Key Market Indicators 2011–2016
Table 8 Key Market Indicators: Annual Growth 2012–2016

Households

Chart 2 Household Expenditure on Legal Services vs GDP 2001–2021
Chart 3 Household Expenditure on Legal Services vs Population 2001–2021
Table 9 Households: Key Statistics 2011–2016

B2B Buyers

Table 10 B2B Sales Structure 2011–2016
Table 11 B2B Sales Structure: Annual Growth 2012–2016
Table 12 B2B Sales Structure: Share of Total 2011–2016

Key B2B Buyer Analysis

Wholesale
Chart 4 Production vs GDP 2001–2021
Chart 5 Costs vs Spending on Legal Services 2001–2016
Table 13 Key Statistics 2011–2016
Motorcycles, Bicycles and Other Transport Equipment
Chart 6 Production vs GDP 2001–2021
Chart 7 Costs vs Spending on Legal Services 2001–2016
Table 14 Key Statistics 2011–2016

Suppliers

Chart 8 Supply Structure (Rs million, in 2016)
Table 15 Supply Structure 2011–2016
Table 16 Supply Structure: Annual Growth 2012–2016
Table 17 Supply Structure:Share of Total 2011–2016

Labour Costs

Chart 9 Number of Employees vs Average Salary 2001–2016
Chart 10 Output per Employee vs Average Salary 2001–2016
Table 18 Key Statistics 2011–2016

B2B Suppliers

Table 19 B2B Supliers 2011–2016
Table 20 B2B Suppliers: Annual Growth 2012–2016
Table 21 B2B Suppliers: Share of Total 2011–2016

Key B2B Suppliers Statistics

Monetary Intermediation
Chart 11 Production vs GDP 2001–2021
Chart 12 Expenditure Dynamics 2001–2016
Table 22 Key Statistics 2011–2016
Mobile Phones, Radio Transmitters and Television Cameras
Chart 13 Production vs GDP 2001–2021
Chart 14 Price and Expenditure Dynamics 2001–2016
Table 23 Key Statistics 2011–2016

Industry Attractiveness Index

Chart 15 Attractiveness Index of Legal Services Among Other India Industries
Chart 16 Binary Diagram of Attractiveness Index
Table 24 Attractiveness Index Composition

Attractiveness Index: Explanation

Future Outlook

Table 25 Forecasts 2017–2022

Definitions

Legal Services
Patent and Copyright Agents
Solicitors and Barristers at Law
Other Legal Services