Hot property: Tax offsets help to boost research and development expenditure and revenue growth

The Trademark and Patent Lawyers and Attorneys industry has grown over the past five years, slightly outperforming 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 programs have sustained demand for trademark and patent legal services, as companies have sought to protect their newly created intellectual property.Industry revenue is expected to grow at an annualised 1.6% over the five years through 2017-18, to reach $972.8 million...read more.

Industry Statistics & Market Size
Revenue
$973m
Annual Growth 13-18
1.6%
Forecast Growth 18-23
Profit
Employment
2,656
Businesses
664

Industry Threats & Opportunities

  • The industry has benefited from increasing research and development expenditure in key markets
  • Legal reforms have been designed to speed up the issuing of patents and trademarks
  • Free trade agreements will likely increase demand for industry services, boosting revenue
  • Industry Report - Industry SWOT Analysis Chapter

    The Trademark and Patent Lawyers and Attorneys industry is the mature stage of its economic life cycle. Industry value added (IVA), a measure of the industry's contribution to the wider economy, is expected to grow at an annualised 3.9% over the 10 years through 2022-23. This represents an outperformance of the wider economy, with GDP expected to grow at an annualised 2.6% over the same period. Stronger IVA growth than GDP growth typically indicates a growing industry. However, the industry is characterised as mature due to its steady rate of establishment growth, increased merger and acquisition (M&A) activity, and the wide acceptance of intellectual property legal services...purchase to read more.

    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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    What's in this report

    What is the Trademark and Patent Lawyers and Attorneys Industry?

    Legal practitioners (lawyers or attorneys) in the industry primarily provide legal services related to intellectual property law, such as patent and trademark filing, maintenance and litigation.

    Industry Products
  • Patents
  • Design registrations
  • Copyright and trademark services
  • Secrecy and confidentiality agreements
  • Other services
  • Industry Activities
  • Advising, drafting, monitoring and enforcing secrecy and confidential agreements
  • Advising, drafting, monitoring and enforcing patents
  • Advising, drafting, monitoring and enforcing trademarks
  • Advising, drafting, monitoring and enforcing copyrighted material
  • Advising, drafting, monitoring and enforcing designs
  • Advising, drafting, monitoring and enforcing plant breeder's rights
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
  • Secrecy and confidentiality agreements
  • Copyright and trademark services
  • Other services
  • Patents
  • Design registrations
  • 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 sectors
  • Health, pharmaceutical and biotechnology sectors
  • Information and communication technology sectors
  • Engineering sector
  • Other sectors
  • Chart: Major Market Segmentation for the Trademark and Patent Lawyers and Attorneys Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    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
    IPH Limited, Xenith IP Group Limited, QANTM Intellectual Property Limited,
  • Table: IPH Limited - financial performance
  • Table: Xenith IP Group Limited - financial performance
  • Table: QANTM Intellectual Property Limited - financial performance

  • 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
    Table: Industry Data for the Trademark and Patent Lawyers and Attorneys Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Barristers
  • Legal practitioners that can represent clients in court.
  • Biotechnology
  • This involves applying science and technology to alter living organisms or inanimate materials.
  • Fintec
  • Innovative financial technology.
  • 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 that can 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.
  • What Our Customers Say

    Why buy this report?

    The Trademark and Patent Lawyers and Attorneys 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.

    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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