Legal Services in New Zealand - Market Research Report

Legal Services industry trends (2014-2019)

poll Average industry growth 2014–2019: 2.9%

The Legal Services industry has displayed moderate growth over the past five years. This result has been due to steady growth in demand for a range of legal services from clients and downstream markets. A high portion of industry revenue comes from commercial law services and legal assistance provided in relation to property matters. In contrast, industry revenue generated through criminal law is relatively low. Industry revenue is expected to increase at an annualised 2.6% over the five years through 2019-20, to $3.8 billion. This trend includes expected growth of 0.4% in the current year. Annual revenue growth has been generally steady, largely due to the range of legal services the industry provides, and the large client base requiring these serv...
lock
Purchase this report or a membership to unlock our full summary for this industry.

Legal Services industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Legal Services industry is projected to slow over the next five years. Steady downstream demand for a range of legal services is forecast to contribute to revenue growth, albeit at a slightly slower rate than in the previous five-year period. Overall favourable demand trends are anticipated to continue driving industry growth, with businesses, governments and individuals requiring extensive law advice and services from industry providers. Moderate revenue gains Industry revenue is forecast to increase at an annualised X.X% over the five years through XXX-XX, to $X.X billion. Industry growth is projected to be highest in XXX-XX, at X.X%, as the strong economic conditions seen over the past five years continue to benefit the industry. However, in...
lock
Purchase this report or a membership to unlock our full summary for this industry.

Legal Services industry statistics

  • attach_money Market Size: $4bn
  • business Number of Businesses: 3,897
  • poll Average Industry Profit Margin: x.x%
    lock
    Purchase this report or a membership to unlock the average company profit margin for this industry.
  • supervisor_account Industry Employment: 14,900

Biggest companies in the Legal Services industry

The Legal Services in New Zealand industry has no companies with major market shares. Get the full report to find out why.

What is Legal Services industry?

Industry Definition

Industry firms provide a range of legal services to clients, including commercial, property, personal injury, family, intellectual property and criminal law services. These services include legal representation and advice, and preparing legal documents. The industry does not include services provided by in-house legal teams.

Industry Products and Services

  • Commercial law services
  • Property law services
  • Other law services
  • Civil litigation and personal injury legal services
  • Family law services
  • Industrial relations law services
  • Criminal law services

Industry Activities

  • Commercial law services
  • Property law services
  • Personal and workplace injury law services
  • Family law services
  • Intellectual property law services
  • Industrial relations law services
  • Criminal law services
  • Other legal services

Market research report - table of contents

Industry Definition

Industry firms provide a range of legal services to clients, including commercial, property, personal injury, family, intellectual property and criminal law services. These services include legal representation and advice, and preparing legal documents. The industry does not include services provided by in-house legal teams.

Main Activities

  • Commercial law services
  • Property law services
  • Personal and workplace injury law services
  • Family law services
  • Intellectual property law services
  • Industrial relations law services
  • Criminal law services
  • Other legal services

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

The number of housing transfers positively correlates with demand for property related legal services. Housing transfers involve the change in ownership o...
lock
Purchase this report or a membership to unlock the full breakdown of the key external drivers in this industry.
Number of property transfers
Business confidence index
Level of criminal activity
Number of divorces

Current Performance

Industry growth drivers
Rising competition
Enterprises and employment
 Chart: Revenue Growth

Industry Outlook

Opportunities and threats
Industry structure
 Table: Legal Services in New Zealand - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Legal Services in New Zealand - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Construction
Real Estate Services in New Zealand
Banking in New Zealand
Consumers in New Zealand



Key Selling Industries

Computer and Computer Peripheral Wholesaling in New Zealand
Real Estate Services in New Zealand
Legal Services in New Zealand




Products & Services

Most of the Legal Services industry's revenue is derived from commercial and property law services. Law firms provide a range of legal services to busines...
Banking, finance and insurance firms
Property operators and developers
Governments and regulators
Households


Demand Determinants

Demand for the industry's legal services varies significantly across businesses, government and households. Industry operators mainly provide legal servic...
lock
Purchase this report or a membership to unlock the full analysis of the demand determinants in this industry.

Major Markets

Banking, finance and insurance firms
Property operators and developers
Governments and regulators
Households



 Chart: Major Market Segmentation for the Legal Services in New Zealand - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

Low market share concentration characterises the Legal Services industry. The industry's four largest players are expected to account for less than 40% of...
lock
Purchase this report or a membership to unlock the full analysis of the market share concentration in this industry.

Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Legal Services in New Zealand - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Legal Services in New Zealand - Market Research Report Industry

Industry Globalization

The Legal Services in New Zealand industry has no major companies. Get the full report to find out why.

Capital Intensity

Capital intensity is low across the Legal Services industry. For every dollar spent on wages in 2019-20, the industry is expected to spend $0.08 in capita...
lock
Purchase this report or a membership to unlock the full analysis of the capital intensity of this industry.
 Chart: Level of Capital Intensity for the Legal Services in New Zealand - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Legal Services in New Zealand Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

BARRISTER

CONVEYANCING

IN-HOUSE COUNSEL

SOLICITOR

Purchase to Read Full Report

100% Money Back Guarantee Digicert Trusted

Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Legal Services industry?

IBISWorld industry market research reports enable you to:

  • Find out about key industry trends
  • Identify threats and opportunities
  • Inform your decisions for marketing, strategy and planning
  • Quickly build competitive intelligence

This report on Legal Services in New Zealand:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Legal Services in New Zealand market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Legal Services in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

Trusted by More Than 10,000 Clients Around the World

  • IBISWorld client - VISA
  • IBISWorld client - ADP
  • IBISWorld client - Deloitte
  • IBISWorld client - AMEX
  • IBISWorld client - Bank of Montreal
clear