In 2021, the impact of legal tech on the economy in North America equated to around 56 billion U.S. dollars, with forecasts suggesting that this will rise to over 101 billion U.S. dollars by 2027. In Europe, the economic impact of legal tech was valued at over 36 billion U.S. dollars, with projections for 2027 putting this above 70 billion U.S. dollars.
Legal tech economic impact worldwide from 2021 to 2027, by region
(in billion U.S. dollars)
Legal tech, or LawTech, refers to the use of technology and software to provide legal services and support the legal industry.
Out of scope: specific HR-services (HR-tech), and software for purely archiving/searching legal documents or contracts (legal-software).
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Statista. (August 10, 2022). Legal tech economic impact worldwide from 2021 to 2027, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1155978/legal-tech-economic-impact-by-region-worldwide/
Statista. "Legal tech economic impact worldwide from 2021 to 2027, by region (in billion U.S. dollars)." Chart. August 10, 2022. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1155978/legal-tech-economic-impact-by-region-worldwide/
Statista. (2022). Legal tech economic impact worldwide from 2021 to 2027, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1155978/legal-tech-economic-impact-by-region-worldwide/
Statista. "Legal Tech Economic Impact Worldwide from 2021 to 2027, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Aug 2022, https://www.statista.com/statistics/1155978/legal-tech-economic-impact-by-region-worldwide/
Statista, Legal tech economic impact worldwide from 2021 to 2027, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1155978/legal-tech-economic-impact-by-region-worldwide/ (last visited October 30, 2024)
Legal tech economic impact worldwide from 2021 to 2027, by region (in billion U.S. dollars) [Graph], Statista, August 10, 2022. [Online]. Available: https://www.statista.com/statistics/1155978/legal-tech-economic-impact-by-region-worldwide/
