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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 | Dec 2012

Growing assistance: As industry competition increases, firms expand service offerings

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
$3bn
Annual Growth 08-13
3.1%
Annual Growth 13-18
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Profit
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Employment
17,493
Businesses
9,604
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.

Industry structure

The nation's largest player, Slater & Gordon, has recently expanded its presence into the UK 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 practise 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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