SEARCH   
MEMBER LOGIN    

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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Slater & Gordon Slater & Gordon market share
Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 10-15
3.1%
Annual Growth 15-20
Purchase to read more
Profit
Purchase to read more
Employment
35,529
Businesses
9,972
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 - Industry Analysis Chapter

The Personal Legal Services industry has performed solidly over the past five years, driven by growth in more affordable segments (such as alternative dispute resolution), a rising housing market and highly effective marketing. Over the five years through 2014-15, industry revenue is estimated to grow at a compound annual rate of 3.1% $7.8 billion, including growth of 3.8% in the current year.

Profit margins have grown over the period, which can be attributed to the strong growth in demand for conveyancing and family law. Wages have grown strongly over the period, in line with revenue growth. The number of enterprises has grown at a slower rate, as increasing competition from large firms has discouraged smaller operators from entering the market... 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


View Sample
Quote
Select Clients