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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 | Jun 2014

Long arm of the law: The diversity of industry services ensures a strong revenue growth

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
Slater & Gordon Slater & Gordon market share
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 09-14
4.0%
Annual Growth 14-19
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Profit
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Employment
26,613
Businesses
9,777
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.

Advice

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

 


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
AdviceLitigationAlternative dispute resolution
 
Industry Activities
Legal advice servicesLitigation servicesAlternative dispute resolution servicesLegal advice servicesLitigation servicesAlternative dispute resolution services


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