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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

The Personal Legal Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Key Buyers Chapter

The industry is dominated by small firms and non-employing solicitors. Major players generate only a low level of industry revenue, although this share has increased in the five years through 2012-13. The broadness of the areas of law covered by the industry and the specificity of the practice of the law encourage specialisation. With the current structure, a lawyer or practice that builds expertise in a certain area are able to capture economies of scale. They are able to offset the time needed to develop expertise with a high volume of cases in that area. For these reasons the industry is unlikely to consolidate significantly in the five years through 2017-18. The exception is firms who operate nationwide or in multiple states... 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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