Personal Legal Services in Australia - Market Research Report

Personal Legal Services industry trends (2014-2019)

poll Average industry growth 2014–2019: 1.4%

Legal practitioners in the Personal Legal Services industry service individuals and households across Australia. The industry's primary services relate to personal injury law, family law and property law. However, class action lawsuits have also increased in popularity over the past five years. Although several large law firms are recognised for their personal injury and class action services, sole proprietors and small firms that employ less than 20 people dominate the industry. A rise in the mortality rate and the number of divorces has supported the industry over the past five years, increasing demand for services relating to family law and wills, estates and probates. As a result, industry revenue is expected to grow at an annualised 1.4% over th...
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Personal 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 Personal Legal Services industry is anticipated to grow at an annualised X.X% over the five years through XXX-XX, to total $X.X billion. The number of deaths and divorces is forecast to rise over the next five years, increasing demand for services related to wills, estate planning and family law. Increasing consumer awareness of the nation's largest legal brands will likely also contribute to industry growth. Additionally, a rise in the number of housing transfers is anticipated to increase demand for property law services. However, this demand is expected to be limited due to a rising number of external competitors that offer conveyancing services, such as real estate agents. The number of workplace injuries and deaths from motor vehicle acciden...
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Personal Legal Services industry statistics

  • attach_money Market Size: $7bn
  • business Number of Businesses: 7,657
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 28,892

Biggest companies in the Personal Legal Services industry

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

What is Personal Legal Services industry?

Industry Definition

Legal practitioners in the Personal Legal Services industry (i.e. lawyers or attorneys) advise and represent individuals. Significant areas of practice include matters of personal injury law, family law, property law, class actions and wills and probates.

Industry Products and Services

  • Property law
  • Wills, probate and estate
  • Family law
  • Personal injury law
  • Other personal legal services
  • Class actions

Industry Activities

  • Litigation services
  • Barrister services
  • Alternative dispute resolution services
  • Property law services
  • Family law services
  • Class action services
  • Personal injury law services

Market research report - table of contents

Industry Definition

Legal practitioners in the Personal Legal Services industry (i.e. lawyers or attorneys) advise and represent individuals. Significant areas of practice include matters of personal injury law, family law, property law, class actions and wills and probates.

Main Activities

  • Litigation services
  • Barrister services
  • Alternative dispute resolution services
  • Property law services
  • Family law services
  • Class action services
  • Personal injury law services

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

The number of vehicle accident deaths is a proxy for the number of motor vehicle incidents. Industry lawyers help individuals process personal injury clai...
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Number of vehicle accident deaths
Work accident rate per 1,000 employees
Number of divorces
Number of deaths

Current Performance

Alternative dispute resolution
Class actions
 Chart: Revenue Growth

Industry Outlook

Challenges
 Table: Personal Legal Services in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

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

Supply Chain

Key Buying Industries

Consumers






Key Selling Industries

Computer and Electronic Equipment Repair in Australia
Advertising Services in Australia
Office Property Operators in Australia




Products & Services

The Personal Legal Services industry's services can be broken down into four main segments: property law, family law, personal injury law, and will, proba...
Individuals aged between 35 and 55
Individuals aged under 35




Demand Determinants

The Personal Legal Services industry helps clients navigate legal matters in their everyday lives and assists them in resolving disputes with other partie...
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Major Markets

Individuals aged between 35 and 55
Individuals aged under 35





 Chart: Major Market Segmentation for the Personal Legal Services in Australia - Market Research Report Industry

International Trade

Business Locations

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

Market Share Concentration

The Personal Legal Services industry is characterised by low market share concentration, with the top four players expected to account for less than 40% o...
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Key Success Factors

Cost Structure Benchmarks

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

Basis of Competition

Internal competition
External competition

Barriers to Entry

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

Industry Globalization

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

Capital Intensity

The Personal Legal Services industry has low capital intensity. For every dollar spent on wages, industry firms are expected to invest $0.05 in capital. T...
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 Chart: Level of Capital Intensity for the Personal Legal Services in Australia - 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 Personal Legal Services in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

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, %

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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 Personal Legal Services industry?

IBISWorld industry market research reports enable you to:

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This report on Personal Legal Services in Australia:

  • 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 Personal Legal Services in Australia 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 Personal Legal Services in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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