Law Firms in Florida - Industry Market Research Report

Law Firms in Florida - Industry Market Research Report

  • December 2017 •
  • 26 pages •
  • Report ID: 5470394 •
  • Format: PDF
Guilty as charged: Increasing IPOs in the state will aid industry revenue growth

Abstract

Law Firms in Florida
The Sunshine State is the fourth-largest in terms of its economy because of its reliance on service-based industries, as well as the strong tourism sector and attractive retirement communities. Over the past five years, the population boom in Florida has contributed to a strong growth in state GDP, thereby fueling demand for a diverse mix of legal services. The number of businesses in Florida has been growing steadily as well, in turn necessitating business and corporate law services. As a result, revenue for the Law Firms industry in Florida has been rising robustly over the past five years. Over the next five years, industry revenue is projected to grow further, as the same macroeconomic drivers will drive industry growth during the outlook period, including crime rate and the value of initial public offerings.

This industry comprises offices of legal practitioners (known as lawyers or attorneys) in Florida, who primarily practice law. Establishments provide expertise on a range of areas or specific areas of law, such as criminal, corporate, family and estate, patent, real estate or tax.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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