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A Brief Summary of The Law Firms Industry's Vital Role in U.S.A. Economy
The Law Firms industry plays a significant role in the US economy. In particular, legal expertise is essential for businesses, as companies often require legal services to aid in everything from opening new locations to mergers and acquisitions.
As a result, IBISWorld estimates that 66.1% of the industry’s revenue is derived from business and corporate clients.
Below is an analysis of how business spending on legal services is distributed among the services, manufacturing and retail sectors of the economy.
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