Personal Legal Services in Australia: Market Research Report

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

Personal Legal Services Market Research Report | Advisory & Financial Services | Law Firms | May 2015

Right side of the law: The diversity of industry services ensures steady revenue growth

IBISWorld’s Personal Legal Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Slater & Gordon Slater & Gordon market share
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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Industry Analysis & Industry Trends

Workers, households and individuals across Australia are exposed to numerous risks, with a seemingly endless number of incidents and transactions occurring annually that require the services of a legal practitioner. While personal injury represents a significant contributor to industry revenue, other major industry services include property law and family law. As households' demand for legal services is typically unaffected by economic conditions, industry revenue was not greatly affected by the global financial crisis. Over the five years through 2014-15, industry revenue is forecast to grow at a compound annual rate of 3.1% to reach $7.8 billion in 2014-15, including estimated growth of 3.8% in the current year... purchase to read more

Industry Report - Starting a New Business Chapter

Principle barriers to entry in the industry are education and capital. To enter the industry as sole practitioner potential entrants need to satisfy the requirements for admission to their state or territory law society. To gain admission to legal practice prospective lawyers need to complete an accredited law degree and study subject areas required for admission. Candidates then need to complete an accredited program of practical training and satisfy character requirements (depending on the jurisdiction).

These stringent requirements with respect to education mean that access to appropriately trained staff is a barrier to entry for entrants looking to establish larger firms... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Personal Legal Services Industry?

Legal practitioners in this industry (i.e. lawyers or attorneys) advise and represent individuals. The most significant areas of practice are in the matters of personal injury law, family law, property law, class actions, wills, probates and residential conveyancing.

Industry Products
Property lawWills, probate and estate activitiesFamily lawPersonal injury law
Industry Activities
Legal advice servicesLitigation servicesAlternative dispute resolution servicesLegal advice servicesLitigation servicesAlternative dispute resolution services

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