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Legal Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Legal Services Market Research Report | ANZSIC M6931 | Jun 2016

Home run: An increasing number of housing transfers has supported revenue growth

IBISWorld’s Legal Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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Industry Analysis & Industry Trends

The past five years have challenged the Legal Services industry, with the aftermath of the global financial crisis taking its toll on industry demand. Industry revenue growth has slowed as businesses implemented cost-cutting measures. Fluctuating business confidence has deterred many companies from pursuing mergers and acquisitions and other transactional work. Price pressures have mounted over the past five years as external competition for commercial legal work, particularly from accounting firms, has risen. Industry clients have increasingly demanded value-for-money over the past five years and, in line with this trend, many clients have switched from large legal firms to cheaper small or mid-tier firms... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Legal Services industry exhibits a low level of concentration as it is predominantly composed of small firms. Over half of all firms are sole practitioners or partnerships not employing any additional non-partner staff. These firms typically provide legal services to small businesses and households. The four largest firms, Herbert Smith Freehills, Allens, Minter Ellison and Clayton Utz, are expected to account for less than 10.0% of industry revenue. Unlike smaller players, many top-tier firms often focus on providing their services to large companies, advising on a range of legal matters and high value business, like international mergers.

The key to a significant share in a saturated market environment is niche practice and marketing... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Legal Services Industry?

Firms in the industry primarily provide legal advice and representation, and the preparation of legal documents. These services are usually provided by solicitors, barristers and legal aid offices. Conveyancing services provided by lawyers and patent offices are also included in the industry. The industry does not include services provided by in-house legal teams.

Industry Products
Commercial law servicesPersonal legal servicesProperty law servicesIndustrial and workplace relations servicesIntellectual property law servicesCommunity legal servicesCriminal law servicesAdministrative, constitutional and other law services
Industry Activities
Advocate servicesBarrister servicesConveyancing servicesLegal aid servicesNotary servicesPatent attorney servicesSolicitor servicesPublic prosecutor servicesGovernment solicitor servicesTitle-searching services

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