Overview

Making a mark: R&D expenditure among downstream markets is driving revenue growth

IBISWorld’s Trademark and Patent Lawyers and Attorneys market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The projected increase in R&D expenditure is expected to support industry revenue growth

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    Industry Analysis & Industry Trends

    The Trademark and Patent Lawyers and Attorneys industry has grown steadily over the past five years, defying weak growth in Australia's broader Legal Services industry. The industry has benefited from steady demand from downstream markets, such as the Biotechnology industry. Downstream markets have increased their research and development (R&D) expenditure alongside continuing Federal Government initiatives to encourage innovation, such as tax incentives for companies that undertake R&D activities. These activities have sustained demand for trademark and patent legal services, as companies have sought to protect their newly created intellectual properties.

    Industry revenue is expected to grow at an annualised 3.1% over the five years through 2016-17, to reach $957.6 million...

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    What is the Trademark and Patent Lawyers and Attorneys industry?

    The Trademark and Patent Lawyers and Attorneys industry is in a growth life cycle phase, characterised by a steady rate of establishment growth and the clear segmentation and wide acceptance of intellectual property legal services. Industry value added, a measure of the industry’s contribution to the overall economy, is expected to grow at an annualised 4.4% over the ten years through 2021-22. This is higher than GDP, which is expected to rise at an annualised 2.6% over the same period. This indicates that the industry is outperforming the overall economy.

    Industry services are fairly stable and clearly segmented. The...

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    Additional Insights for the Trademark and Patent Lawyers and Attorneys Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Trademark and Patent Lawyers and Attorneys Industry are

  • Having a good reputation
  • Highly trained workforce
  • Understanding government policies and their implications
  • IBISWorld analysts also discuss how external factors such as Private research and development expenditure and Capital expenditure by the private sector in the Trademark and Patent Lawyers and Attorneys industry impact industry performance..

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    Products & Brands

    Major products in this industry
    Patents
    Registration of design
    Copyright and trademark services
    Secrecy and confidentiality agreements
    Examples of brands in this Industry
    Cullens
    Fisher Adams Kelly Callinans
    Pizzeys
    Practice Insight
    Spruson & Ferguson

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Private research and development expenditure
  • Capital expenditure by the private sector
  • Business confidence index
  • Demand from biotechnology
  • Demand from finance

  • Current Performance
  • Downstream demand
  • Government initiatives
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream outlook
  • Industry support
  • Free-trade agreements
  • Smart contracts
  • Table: Trademark and Patent Lawyers and Attorneys Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Trademark and Patent Lawyers and Attorneys Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Pharmaceutical Product Manufacturing
  • Scientific Research Services
  • Finance
  • Health Services
  • Biotechnology

  • Key Selling Industries
  • Engineering Consulting
  • Legal Services
  • Online Information Services
  • Telecommunications Services

  • Products & Services
  • Copyright and trademark services
  • Secrecy and confidentiality agreements
  • Other
  • Patents
  • Registration of design
  • Chart: Trademark and Patent Lawyers and Attorneys Industry Products and Services Segmentation

  • Demand Determinants
  • Cost of protection
  • Education
  • Government initiatives

  • Major Markets
  • Banking, finance and insurance firms
  • Health, pharmaceutical and biotechnology organisations
  • Information and communication technology companies
  • Other
  • Engineering firms
  • Chart: Major Market Segmentation for the Trademark and Patent Lawyers and Attorneys Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Trademark and Patent Lawyers and Attorneys

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Trademark and Patent Lawyers and Attorneys Industry

  • Industry Globalization
    Major Companies
    IPH Limited
  • Table: IPH Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Trademark and Patent Lawyers and Attorneys Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Trademark and Patent Lawyers and Attorneys Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Barristers
  • Legal practitioner with the ability to represent clients in court.
  • Biotechnology
  • This involves the application of science and technology to alter living organisms or inanimate materials.
  • Patent
  • A right granted over a device, substance or method, which gives the patent holder legal ownership and the exclusive right to commercially exploit it.
  • Solicitor
  • Legal practitioners able to provide consultation and other legal services to clients such as power of attorney.
  • Trademark
  • A right granted over a design or unique creation so that the owner has exclusive rights for commercial use and licensing.
  • Why buy this report?

    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 Trademark and Patent Lawyers and Attorneys:
    • 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 Trademark and Patent Lawyers and Attorneys 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 Trademark and Patent Lawyers and Attorneys, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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