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 Locations Chapter
The distribution of industry enterprises within Australia broadly follows the distribution of the population in Australia. It more closely follows the distribution of businesses within Australia, which reflects that many of the matters that are handled by the industry are between private individuals and businesses.
The size of law firms is also related to the size of the populations they serve. New South Wales has on average the largest firms, with Victoria and Queensland following behind. Conversely, smaller states and territories such as the Australian Capital Territory, Western Australia and South Australia are expected to have a higher share of non-employing lawyers than the industry average... purchase to read more