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 Locations Chapter
The geographic spread of businesses in the Trademark and Patent Lawyers and Attorneys industry is based on the distribution of population in Australia. The eastern states of Australia have the highest concentration of businesses, with approximately 83.5% of patent lawyer and attorneys found in New South Wales, Victoria and Queensland. Most business headquarters are based in either Melbourne or Sydney and therefore law firms tend to base their businesses close by when attempting to attract trademark and patent legal service work.
South Australia and Western Australia account for 6.0% and 7.5% of businesses respectively. South Australia has shown low levels of growth, while Western Australia has grown solidly due to the success of the resources sector... purchase to read more