Industry Analysis & Industry Trends
Workers, households and individuals across Australia are exposed to numerous risks. The number of incidents and transactions that occur annually that require the services of a legal practitioner is endless. While a significant contributor to industry revenue is personal injury, other significant components of the industry's services include property law and family law matters. As the demand for legal services from households pertaining to these matters are typically unaffected by economic conditions, industry revenue has not been greatly impacted by the global financial crisis. Over the five years through 2012-13, industry revenue is forecast to grow at a compound annual rate of 3.1%, to reach $3.11 billion in 2012-13. In 2012-13, industry revenue is forecast to grow by 2.0%... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years through 2012-13, industry revenue is estimated to grow at a compound annual rate of 3.1%. Although a substantial part of the industry's services were immune from the financial crisis that decimated consumer sentiment, weaker demand for more discretionary type services caused industry revenue to decline 5.4% in 2007-08. A resounding recovery in 2009-10, however, is keeping the industry on the right track. In 2012-13, industry revenue is forecast to grow 2.0% year-on-year to $3.11 billion.
The nation's largest player, Slater & Gordon, has recently expanded its presence into the UK market... purchase to read more