Willing and able: The ageing population will boost demand for wills and estate services

The Personal 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.


Industry Analysis & Industry Trends

Workers, households and individuals across Australia are exposed to numerous risks, with many incidents and transactions requiring the services of a legal practitioner. While personal injury represents a significant contributor to the Personal Legal Services industry's revenue, other major industry services include property law and family law. The industry primarily consists of small firms and sole proprietors, although there are also several larger players that focus on personal injury law. Over the five years through 2016-17, industry revenue is expected to grow at an annualised 2.9%, to $7.1 billion. This growth includes an expected 0.3% rise in the current year...

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What is the Personal Legal Services industry?

The distribution of industry enterprises within Australia broadly follows the distribution of the population across the country. It more closely follows the distribution of businesses within Australia, which reflects that many of the services provided by the industry relate to transactions between private individuals and businesses.

The size of law firms is also related to the size of the populations they serve. New South Wales has on average the largest firms, with Victoria and Queensland close behind. Conversely, smaller states and territories such as the Australian Capital Territory, Western Australia and South Australia are expected to have a higher share of non-employing lawyers than the industry average. Siz...

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Products & Brands

Major products in this industry
Property law
Wills, probate and estate activities
Family law
Personal injury law
Other legal 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
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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