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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 | Apr 2016

Close and personal: Large players have been making acquisitions to increase market share

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
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 11-16
3.9%
Annual Growth 16-21
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Profit
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Employment
32,722
Businesses
8,788
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Personal Legal Services Industry?

Legal practitioners in the industry (i.e. lawyers or attorneys) advise and represent individuals. Significant areas of practice include matters of personal injury law, family law, property law, class actions, wills, probates and residential conveyancing.

Industry Products
Property lawWills, probate and estate activitiesFamily lawPersonal injury lawOther legal services
 
Industry Activities
Legal advice servicesLitigation servicesAlternative dispute resolution services


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