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 Locations Chapter
The geographic spread of businesses in the Trademark and Patent Lawyers and Attorneys industry is based on the distribution of population and economic activity in Australia. The eastern states of Australia have the highest concentration of businesses, with about 83.5% of patent lawyers and attorneys found in New South Wales, Victoria and Queensland. Most businesses' headquarters are based in either Melbourne or Sydney. Law firms tend to locate their businesses close to clients as this makes it easier to communicate with existing clients and attract new work. As a result, Victoria and New South Wales are over-represented relative to their populations.
South Australia and Western Australia account for 6.0% and 7.6% of businesses respectively... purchase to read more