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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 Products Chapter

Industry services can roughly be broken down into four main services: property law, family law, personal injury law, and will, probate and estate activities. Industry firms provide several other personal legal services, including employment and migration law. Advice or representation relating to the defence of criminal charges is not included in the industry.

Property law

Property law refers to conveyancing and other legal work related to property. Conveyancing refers to the transfer of property titles, which accounts for the majority of the property segment, and is a low value-added option. Conveyancing faces strong competition from mortgage brokers or other full-service mortgage providers, who often provide this service... 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 servicesLegal advice servicesLitigation servicesAlternative dispute resolution services


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