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Law Firms in Illinois

Author.Name IBISWorld United States Last Updated: August 2025 NAICS IL54111

Law Firms in Illinois industry analysis

The Law Firms industry in Illinois is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x% to x,xxx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x billion.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to decline -x.x% to x,xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase % to $x.x billion.

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About the Law Firms in Illinois Market Research Report

What’s Included in the Law Firms in Illinois Market Research Report

Definition of the Law Firms in Illinois?

Law firms in the United States comprise the offices of legal practitioners, known as lawyers or attorneys, who primarily practice law. The industry provides expertise in various areas of law, including criminal, corporate, family and estate, patent, real estate or tax.

What’s included in the Law Firms in Illinois?

The Law Firms in Illinois includes criminal law services, corporate law services, family law services, estate law services, intellectual property law services, real estate law services, tax law services, commercial law services, personal injury services and property law services. Related terms covered in the Law Firms in Illinois industry report includes the issuing of a company's common stock to the public for the first time, the buying, selling and combining of companies, the inability to pay debts, the largest firms in the industry and professional work that is undertaken voluntarily and without payment.

Industry Performance of the Law Firms industry in Illinois

Benchmark the Law Firms in Illinois industry performance with all IL county and national performance.

Law Firms in Illinois

#5 in Highest Revenue 6.1% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Law Firms in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

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Key Drivers of the Law Firms industry in Illinois

See how key industry drivers, such as population, labor force participation rate, new business formation, corporate profit, number of businesses and per capita disposable income are impacting Law Firms in Illinois

Illinois Economic Indicators

Population
Labor Force Participation Rate
New Business Formation

View more economic information in IL State Economic profile

US Key External Drivers

Corporate profit
Number of businesses
Per capita disposable income

For the full list of industry drivers, see report purchase options.

County Data of the Law Firms industry in Illinois

Access proprietary data on county in the Law Firms in Illinois, such as Cook County, Dupage County and Lake County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Law Firms industry in Illinois

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Law Firms industry in Illinois in 2025?

The market size of the Law Firms industry in Illinois is $26.0bn in 2025.

How many businesses are there in the Law Firms industry in Illinois in 2025?

There are 17,789 businesses in the Law Firms industry in Illinois, which has been declining at an average annual rate of -1.0% from 2020 to 2025.

Has the Law Firms industry in Illinois grown or declined over the past 5 years?

The market size of the Law Firms industry in Illinois has been growing at an average annual rate of 2.3% from 2020 to 2025.

How many employees in the Law Firms industry in Illinois in 2025?

There are 65,696 employees in the Law Firms industry in Illinois, which has been growing at an average annual rate of 0.2% from 2020 to 2025.