Market Data

How Many Law Firms Are in Memphis, TN? (2026 Data)

Memphis, TN · pop. 1,335,674 411 law firms in this metro — 30.8 per 100,000 residents
30.8per 100k here
39.4typical U.S. metro
-22%vs. typical metro
Market verdict underserved Fewer law firms per capita than most U.S. metros — room for a well-marketed law firm to win share.

Law Firms per 100,000 residents

Memphis, TN30.8Typical U.S. metro39.4U.S. average52.9

Saturation vs. all 387 U.S. metros

Memphis · #106Least saturated (opportunity)Most saturated

Memphis ranks #106 of 387 — more open than 73% of U.S. metros.

What the data says about the Memphis law firms market

According to U.S. Census Bureau data, there are 411 law firms serving the Memphis, TN-MS-AR area (population 1,335,674) — 30.8 per 100,000 residents. That's -22% below the typical U.S. metro (39.4 per 100k), making Memphis more saturated than 27% of the 387 metros we track.

For context, the national average is 52.9 per 100k — higher than the typical metro because dense urban areas pull it up. The Memphis, TN-MS-AR population grew -0.8% from 2020 to 2023, a signal of flat local demand.

Should you open a law firm in Memphis?

The numbers favor it. Memphis has fewer law firms per capita than 73% of U.S. metros, paired with -0.8% population growth — rising demand against below-average competition. The catch: opportunity on paper still has to be captured with real marketing.

How to win the Memphis market with AI

Market data tells you the playing field. Winning it is about marketing — and that's where most law firms leave money on the table. Here's the high-ROI playbook:

  • Own local search. Optimize your Google Business Profile and local SEO so you show up in the map pack for "law firm near me."
  • Capture every lead. Most law firms miss 20–30% of calls. AI call capture turns those into booked customers.
  • Compound with reviews and content. Use AI to systematize reviews, follow-up, and local content.

See the full playbook for your industry: AI marketing for law firms.

Memphis law firms market — FAQ

How many law firms are there in Memphis, TN?

There are 411 law firms in the Memphis, TN-MS-AR area — about 30.8 per 100,000 residents.

Is Memphis, TN a good place to open a law firm?

Memphis ranks #106 of 387 U.S. metros by law firms per capita (underserved). With 30.8 per 100,000 residents and -0.8% population growth since 2020, it's an opening for a well-marketed law firm.

Is the Memphis law firms market saturated?

Memphis has 30.8 law firms per 100,000 residents versus a U.S. median of 39.4 — underserved, more saturated than 27% of U.S. metros.

How fast is Memphis, TN growing?

The Memphis, TN-MS-AR metro population grew -0.8% from 2020 to 2023, to about 1,335,674 residents.