Dublin, March 22, 2024 (GLOBE NEWSWIRE) -- The "U.S. Continuing Legal Education (CLE) Market - Industry Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The U.S. continuing legal education (CLE) market is expected to reach a value of $7.98 billion by 2029 from $4.85 billion in 2023, growing at a CAGR of 8.65% from 2023-2029
The U.S. continuing legal education (CLE) market witnessed huge competition with several law organizations, educational and publishing companies, and industry-sponsor CLE providers. Educational companies (i.e., vendors), multi-disciplinary educational institutions, standalone law schools, non-profit organizations, Bar Associations, and federal organizations are the key CLE providers creating a highly competitive market.
Currently, educational companies are the leading CLE providers across the U.S. market. Some leading educational companies offering CLE programs are National Business Institute, Lawline, Lorman Education Services, CeriFi (West LegalEdcenter), ALM Global, Attorney Credits, mylawCLE, National Academy of Continuing Legal Education, and TRTCLE, Corp.
The Western region dominates the U.S. continuing legal education (CLE) market, accounting for over 29% in 2023. The region has more attorneys, mandatory CLE credit hours, and many developed states. Also, the mandatory CLE credit requirement is higher in most states than in other regions and states. Across the region, three major states, Washington, Oregon, and Colorado, demand 45 credit hours, which is challenging for the attorneys. However, the mandatory CLE credit hours requirement led to a high demand for CLE courses in these states.
Further, in Washington, Lorman Education Services has been one of the leading providers of convenient and affordable CLE programs for over 35 years. The company offers a broad range of more than 1,000 online and in-person CLE programs. Further, the Northeast region witnessed New York, Pennsylvania, New Jersey, and Connecticut, where attorneys continuously look for professional development and are willing to attend new CLE courses and mandatory CLE areas such as Ethics, diversity, inclusion, cybersecurity, data management, protection, etc. These factors accelerate the high demand for CLE courses and drive the U.S. continuing legal education (CLE) market growth.
MARKET TRENDS & OPPORTUNITIES
Shift Towards Competency-based CLE
The increasing competition in the legal industry propels the demand for competency-based education models and interactive online CLE in the U.S. continuing legal education (CLE) market. One of the primary challenges facing lawyers and legal professionals is how to remain competitive in the ever-changing legal sector. The competency-based education model offers what is required for attorneys in today's competitive world. Rather than quantify attorneys' development by the time spent in the CLE course, the competency-based model measures their aptitude.
Attention Towards Trending Lawsuits
There is a vast development registered in the U.S. legal industry. The U.S. legal sector witnessed tremendous changes and entries of new laws. The cybersecurity field has gotten more attention recently as various organizations recognize the essential role of attorneys in protecting critical data, both their clients and their own. Currently, cybersecurity and data privacy law, AI & technology law, environmental law, cannabis law, health & telemedicine law, blockchain & cryptocurrency law, and space law are rapidly growing areas in U.S. legal practices.
Technology Integration on Continuing Legal Education
Technology has shifted from a predigital to a digital era in the legal field, opening the door for advanced tools and services in CLE deliveries and monitoring. Technologies have made CLE more accessible than ever, ensuring deep content. The U.S. continuing legal education (CLE) market is rapidly transforming from traditional to advanced tools in course delivery, learning assistance, and practices. Integration of machine learning, cloud computing, and AI (Chat GPT) are some factors offering revenue growth opportunities.
Mandatory CLE Credits in the U.S.
In the U.S., the CLE credit is mandatory in almost every state but varies by state and jurisdiction. Generally, every individual attorney must complete a certain number of hours of CLE every year to maintain their license and practice law. In addition, three states do not have mandatory CLE credit requirements but still demand high CLE courses in these states for professional development in the field. CLE programs are not only essential for credit systems and maintaining a license, but they also work to update all single regulations and laws that are changed or improved per the conditions.
Continuously Rising Employment in The Legal Profession
The U.S. Bureau of Labour Statistics states that employment in lawyer professions is expected to increase by 4% from 2020 to 2030. From 2011 to 2020, the number of lawyers in the U.S. grew by more than 82,000 and increased by around 6.8% during the same period. The increasing number of lawyers is accelerating the demand for CLE programs. Every state of the U.S. has mandatory CLE credit, accelerating the U.S. continuing legal education (CLE) market growth.
Increasing Emphasis on Diversity, Ethics, and Inclusion
In the United States, the significant offers continuing legal education courses associated with Diversity, Ethics, and Inclusion (DEI) at the current time. In 2018, most U.S. states started to mandate DEI continuing legal education components for attorneys. In the U.S., most states also advance their credit needs, answering to the legal society's increasing emphasis on diversity, ethics, and inclusion.
SEGMENTATION INSIGHTS
INSIGHTS BY DELIVERY MODE
The U.S. continuing legal education market by delivery mode is segmented into classroom training, distance learning, and other modes. The classroom training segment accounted for the highest segmental market share in 2023. Classroom training is familiar with attorneys to conduct and complete CLE courses. It offers live experience and training sessions that increase demand for CLE courses and accelerate segmental growth.
Further, the annual conference is one of the most popular options in the U.S. for completing CLE credits in the legal profession. The annual conference offers various classes that attorneys can choose from, depending on the requirement, where they can complete most of their hours. On the other side, distance learning is the second leading and rapidly growing segment in the U.S. continuing legal education (CLE) market. The shift towards distance learning due to convenience, easy access, and reliability accelerates segmental growth.
INSIGHTS BY PROVIDERS
The educational companies' providers segment holds the most significant U.S. continuing legal education market share in 2023. Educational companies continuously offer emerging and new CLE topics using several promotional and marketing strategies. In addition, offering CLE courses per the client's requirements, convenience, and cost efficiency are accelerating the segmental growth. Most of the top CLE providers in the U.S. are educational companies, and each one offers unique, deep learning, entertaining format, and on-demand formats that make them stand out from others.
Also, some educational companies provide discounts or bundles of courses that are mandatory and essential for attorneys. The best service delivery is a unique selling price (USP) for educational companies. These overall factors accelerate the segmental growth. On the other hand, other CLE providers, including non-profit organizations, bar associations, federal organizations, and judicial branches, offer a wide range of CLE programs in low-cost, free-of-cost policies challenging market growth.
KEY QUESTIONS ANSWERED
- How big is the U.S. continuing legal education (CLE) market?
- What is the growth rate of the U.S. continuing legal education (CLE) market?
- Which region dominates the U.S. continuing legal education (CLE) market share?
- What are the significant trends in the U.S. continuing legal education (CLE) market?
- Which provider segment holds the most prominent share of the U.S. continuing legal education (CLE) market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 171 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $4.85 Billion |
| Forecasted Market Value (USD) by 2029 | $7.98 Billion |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | United States |
Market Opportunities & Trends
- Shift Toward Competency-Based Cle
- Attention Toward Trending Lawsuits
- Technology Integration on Cle
Market Growth Enablers
- Rising Employment in Legal Profession
- Mandatory Cle Credits in US
- Increasing Emphasis on Diversity, Ethics, and Inclusion
Market Restraints
- Challenges Associated with Online Cle Courses
- Delivery of Free Cost & Low-Cost Cle Courses
- Non-Mandatory Cle Requirements on States and Professionals
Key Company Profiles
- American Bar Association
- Attorney Credits
- American Law Institute Continuing Education (ALI CLE)
- ALM Global
- CALIFORNIA STATE UNIVERSITY, EAST BAY
- CeriFi
- Duquesne University
- Elisabeth Haub School of Law at Pace University
- LexisNexis Risk Solution
- Lawline
- mylawCLE
- National Academy of Continuing Legal Education (NACLE)
- National Business Institute
- Practising Law Institute
- Pennsylvania Continuing Legal Education
- Quimbee
- Strafford LLC
- Sterling Analytics
- St. John's University
- TRTCLE
- University of Miami
- University of San Diego
- University of California (Irvine)
- University of North Dakota
- University of Houston Law Center
- WASHINGTON COLLEGE OF LAW
- University of Pittsburgh School of Law
- USC Gould School of Law
- University of Pennsylvania Carey Law Schools
For more information about this report visit https://www.researchandmarkets.com/r/u2a89l
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