Overview

Moving the bar: Firms focus on overseas operations to help boost industry revenue

The Legal Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$23bn
Annual Growth
2012 - 2017
1.9%
Annual Growth
2017 - 2022
Profit
Employment
107,060
Business
20,076

Industry Analysis & Industry Trends

The past five years have challenged the Legal Services industry, with the end of the commodities boom taking its toll on industry demand. Over the five years through 2016-17, fluctuating business confidence is expected to slow industry revenue growth, as businesses have tended to improve operational efficiency rather than expand through mergers. Additionally, price pressures have been mounting, as external competition for commercial legal work, particularly from accounting firms, has risen. Increasing industry exposure to international markets, resulting from domestic firms merging with foreign companies, has shielded large industry players from weak domestic economic conditions...

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Industry Report - Industry Locations Chapter

The Legal Services industry is dispersed broadly in line with business activity and population in each state and territory. This distribution is because industry participants provide services to businesses and individuals across all sectors of the economy. As a result, New South Wales, Victoria and Queensland contain more than 80% of industry enterprises. New South Wales has the largest proportion of industry enterprises because a major portion of large businesses and financial institutions locate their head offices in the state. Legal firms typically locate close to their clients and the courts, as this makes facilitating client meetings and attending court sessions easier. The..

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Industry Products

What is the Legal Services Industry?

Industry firms primarily provide legal advice and representation, and prepare legal documents. These services are usually provided by solicitors, barristers and legal aid offices. Alternative dispute resolution services and conveyancing services provided by lawyers and patent offices are also included in the industry. The industry does not include services provided by in-house legal teams.

Industry Products
Commercial law services
Personal legal services
Property law services
Industrial relations and criminal law services
Intellectual property law services
Community legal services
Administrative, constitutional and other law services
Industry Activities
Advocate services
Barrister services
Conveyancing services
Legal aid services
Notary services
Patent attorney services
Solicitor services
Public prosecutor services
Government solicitor services
Title-searching services

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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