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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

IBISWorld’s Personal Legal Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 SWOT Analysis Chapter

The Personal Legal Services industry is in the growth phase of its life cycle. Industry value added, which measures the industry's contribution to the overall economy, is forecast to grow at a compound annual rate of 4.6% over the 10 years through 2018-19. This is a higher rate than real GDP growth over the same period, which is projected to rise at a compound annual rate of 2.6%.

Over the five years through 2013-14, industry growth has been stimulated by reforms allowing non-lawyers to own equity in firms. This has enabled major players such as Slater & Gordon Limited to list on the Australian Stock Exchange and seek capital from a wide base... 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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