Industry Analysis & Industry Trends
The Trademark and Patent Lawyers and Attorneys industry has grown steadily over the past five years, and defied the weak growth in Australia's broader Legal Services industry over the period. Industry revenue is expected to grow at an annualised 4.4% over the five years through 2014-15, to reach $926.5 million. The industry has benefited from the strong performance of downstream markets, such as the Biotechnology industry. Increasing consolidation within the financial services sector has also supported demand for the industry's services given the drafting, monitoring and enforcement of confidentiality and secrecy agreements required during consolidation... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry is characterised by a low level of market share concentration, the four largest companies in the industry are estimated to have less than 40% market share concentration. The industry remains highly fragmented despite the presence of six considerably large law firms, as many solicitors are available throughout Australia through smaller firms. Barristers also attract work, however, this is primarily when court representation is required due to the inability of solicitors to act in court.
Market share concentration is not expected to change significantly in the next five years, and the industry should remain fragmented... purchase to read more