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 the households' demand for legal services are typically unaffected by economic conditions, industry revenue was not greatly affected by the global financial crisis. Over the five years through 2013-14, industry revenue is forecast to grow at a compound annual rate of 4.0%, to reach $6.5 billion in 2013-14, including estimated growth of 3.1% in the current year... purchase to read more
Industry Report - Industry Products Chapter
The provision of industry services can be broken down into three main services.
Lawyers provide advice to help their clients negotiate the legal structures of Australian society. This is the largest area of industry activity. Lawyers may be involved in many stages of an individual's life, providing a range of services such as estate law and elder law.
Advice is often formularised into letters of advice that set out the legal solutions to client legal problems. These letters present the basic facts of the case and the instructions given to the client by the lawyer, often explaining the relevant law and its application. Letters of advice are also written in response to the advice given to an opposing party when lawyers represent parties in conflict... purchase to read more