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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 | Apr 2016

Close and personal: Large players have been making acquisitions to increase market share

The Personal Legal Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 11-16
3.9%
Annual Growth 16-21
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Profit
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Employment
32,722
Businesses
8,788
Industry Analysis & Industry Trends

Workers, households and individuals across Australia are exposed to numerous risks, with many incidents and transactions requiring 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. The industry primarily consists of small firms and sole proprietors, although several large players operate in the industry and focus on personal injury law. Over the five years through 2015-16, industry revenue is expected to grow at an annualised of 3.9% to reach $7.0 billion, with estimated growth of 1.7% in the current year.

The fiercely competitive personal injury market, which is among the most significant industry service segments, has been consolidating... purchase to read more

Industry Report - Industry Analysis Chapter

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 demand

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

 


Industry ProductsRelated ReportsTable of Contents

What is the Personal Legal Services Industry?

Legal practitioners in the industry (i.e. lawyers or attorneys) advise and represent individuals. Significant areas of practice include 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 lawOther legal services
 
Industry Activities
Legal advice servicesLitigation servicesAlternative dispute resolution services


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