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The global criminal law practices market was valued at $43 billion in 2017.
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The USA was the largest country in the market, accounting for two-fifth of the global criminal law practices market share. This was mainly due to increase in demand for services related to real estate law, family and estate law, criminal law, bankruptcy, tax law and others. The USA was followed by China and India as the next largest countries in the market.
The major competitors in the market are Baker & McKenzie, Clifford Chance, Allen & Overy, Sidley Austin, Gibson Dunn & Crutcher. Baker McKenzie, founded as Baker & McKenzie in 1949, is a multinational law firm. As of August 2017, it is ranked as the second-largest international law firm in the world by headcount with 13,000 employees including 6,076 fee earners and 4,700 lawyers on a full-time equivalent basis in 77 offices across 47 countries.
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