An in-plane-switching-mode (IPS) LCD device includes a TFT substrate and a CF substrate sandwiching therebetween an LC layer, and a pair of polarizing films sandwiching therebetween the substrates and the LC layer. Each polarizing film has a polarization layer and a protective layer. An optical compensation layer having a birefringence is disposed between the light-emitting-side polarizing film and the CF substrate. The optical compensation layer has an in-plane retardation of N1 satisfying the following relationship: 83.050−0.8101×D1≦N1≦228.09−0.74D1 in the range of 0