In 2021, the impact of legal tech on the global economy equated to around 127.7 billion U.S. dollars, with forecasts suggesting that this will rise to over 225 billion U.S. dollars by 2027, growing at a compound annual growth rate (CAGR) of 9.92 percent for the time period between 2021 and 2027.
Legal tech economic impact worldwide from 2021 to 2027 (in billion U.S. dollars)
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Statistics
Statista. (August 10, 2022). Legal tech economic impact worldwide from 2021 to 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 15, 2024, from https://www.statista.com/statistics/1155938/legal-tech-economic-impact-worldwide/
Statista. "Legal tech economic impact worldwide from 2021 to 2027 (in billion U.S. dollars)." Chart. August 10, 2022. Statista. Accessed May 15, 2024. https://www.statista.com/statistics/1155938/legal-tech-economic-impact-worldwide/
Statista. (2022). Legal tech economic impact worldwide from 2021 to 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 15, 2024. https://www.statista.com/statistics/1155938/legal-tech-economic-impact-worldwide/
Statista. "Legal Tech Economic Impact Worldwide from 2021 to 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Aug 2022, https://www.statista.com/statistics/1155938/legal-tech-economic-impact-worldwide/
Statista, Legal tech economic impact worldwide from 2021 to 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1155938/legal-tech-economic-impact-worldwide/ (last visited May 15, 2024)
Legal tech economic impact worldwide from 2021 to 2027 (in billion U.S. dollars) [Graph], Statista, August 10, 2022. [Online]. Available: https://www.statista.com/statistics/1155938/legal-tech-economic-impact-worldwide/