What is the Personal Legal Services industry?
The Personal Legal Services industry provides a range of legal advice to individuals in areas including property law, family disputes and personal injury cases. Industry revenue has risen over the past five years, driven by growth in more affordable segments (such as alternative dispute resolution), a rising number of housing transfers and highly effective marketing. Over the five years through 2015-16, industry revenue is estimated to grow at an annualised of 3.9% to total $7.0 billion, with 1.7% growth expected in the current year.
Industry firms derive revenue from several different areas of law. The largest segments are property, personal injury and family law. As a result, the industry depends on case volumes from these areas... purchase to read more