Industry Analysis & Industry Trends
Workers, households and individuals across Australia are exposed to numerous risks, with many incidents and transactions requiring 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. The industry primarily consists of small firms and sole proprietors, although several large players operate in the industry and focus on personal injury law. Over the five years through 2015-16, industry revenue is expected to grow at an annualised of 3.9% to reach $7.0 billion, with estimated growth of 1.7% in the current year.
The fiercely competitive personal injury market, which is among the most significant industry service segments, has been consolidating... purchase to read more
Industry Report - Industry Analysis Chapter
The Personal Legal Services industry provides a range of legal advice to individuals in areas including property law, family disputes and personal injury cases. Industry revenue has risen over the past five years, driven by growth in more affordable segments (such as alternative dispute resolution), a rising number of housing transfers and highly effective marketing. Over the five years through 2015-16, industry revenue is estimated to grow at an annualised of 3.9% to total $7.0 billion, with 1.7% growth expected in the current year.
Industry firms derive revenue from several different areas of law. The largest segments are property, personal injury and family law. As a result, the industry depends on case volumes from these areas... purchase to read more