Industry Analysis & Industry Trends
Workers, households and individuals across Australia are exposed to numerous risks, with a seemingly endless number of incidents and transactions occurring annually that require 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. As households' demand for legal services is typically unaffected by economic conditions, industry revenue was not greatly affected by the global financial crisis. Over the five years through 2014-15, industry revenue is forecast to grow at a compound annual rate of 3.1% to reach $7.8 billion in 2014-15, including estimated growth of 3.8% in the current year... 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 have a higher share of non-employing lawyers than the industry average... purchase to read more