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Trademark and Patent Lawyers and Attorneys in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Trademark and Patent Lawyers and Attorneys Market Research Report | Advisory & Financial Services | Law Firms | Oct 2015

Going global: New free-trade agreements will likely increase demand for industry services

IBISWorld’s Trademark and Patent Lawyers and Attorneys 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
IPH IPH market share
Industry Statistics & Market Size
Revenue
$915m
Annual Growth 11-16
3.7%
Annual Growth 16-21
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Profit
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Employment
2,646
Businesses
643
Industry Analysis & Industry Trends

The Trademark and Patent Lawyers and Attorneys industry has grown steadily over the past five years, defying the weak growth in Australia's broader Legal Services industry. The industry has benefited from steady demand from downstream markets, such as the Biotechnology industry. Downstream markets have increased their private research and development (R&D) expenditure alongside continuing Federal Government initiatives to encourage innovation, such as tax offsets for companies that undertake R&D activities. These activities have sustained demand for trademark and patent legal services, as companies have sought to protect their newly created intellectual property.

Industry revenue is expected to grow at an annualised 3.7% over the five years through 2015-16, to reach $914.6... purchase to read more

Industry Report - Industry Key Buyers Chapter

The industry is characterised by a low level of market share concentration, due to the large number of small firms and individual barristers and solicitors that operate in the industry. As a result, the four largest companies in the industry are estimated to control less than 40% of the overall market in 2015-16, despite the presence of the big six law firms.

Market share concentration is expected to increase slightly over the next five years, as larger firms acquire smaller rivals in pursuit of growth. IPH Limited, for example, has rapidly acquired market share through acquisitions since listing on the ASX in November 2014, and is expected to continue to do so over the next five years... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Trademark and Patent Lawyers and Attorneys Industry?

Legal practitioners (lawyers or attorneys) in this industry are primarily engaged in the provision of legal services related to intellectual property law, such as patent and trademark filing, maintenance and litigation.

Industry Products
PatentsRegistration of designCopyright and trademark servicesSecrecy and confidentiality agreements
 
Industry Activities
Advising, drafting, monitoring and enforcing secrecy and confidential agreementsAdvising, drafting, monitoring and enforcing patentsAdvising, drafting, monitoring and enforcing trademarksAdvising, drafting, monitoring and enforcing copyrighted materialAdvising, drafting, monitoring and enforcing designsAdvising, drafting, monitoring and enforcing plant breeder's rights


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