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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 | Sep 2016

Making a mark: R&D expenditure among downstream markets is driving revenue growth

IBISWorld’s Trademark and Patent Lawyers and Attorneys market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
IPH IPH market share
Industry Statistics & Market Size
Revenue
$958m
Annual Growth 12-17
3.1%
Annual Growth 17-22
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Profit
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Employment
2,753
Businesses
653
Industry Analysis & Industry Trends

The Trademark and Patent Lawyers and Attorneys industry has grown steadily over the past five years, defying 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 research and development (R&D) expenditure alongside continuing Federal Government initiatives to encourage innovation, such as tax incentives 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 properties.

Industry revenue is expected to grow at an annualised 3.1% over the five years through 2016-17, to reach $957.6 million... purchase to read more

Industry Report - Industry Investment Chapter

The Trademark and Patent Lawyers and Attorneys industry exhibits a low level of capital intensity. The industry is labour intensive and industry lawyers require a high level of specialist skill and knowledge to deliver trademark and patent services. A large number of well-trained administrative staff are also needed to carry out research, filing and documenting tasks. These characteristics are in line with other professional service industries in Australia.

Wages are the industry's largest expense. For every dollar spent on wages, IBISWorld estimates that the industry invests $0.04 in capital. Depreciation is projected to account for just 1.5% of industry revenue in 2016-17 and mainly relates to the use of computers and legal databases... 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 the industry primarily provide 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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