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Legal Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Legal Services Market Research Report | ANZSIC M6931 | Nov 2016

Overseas opportunities: Larger industry firms are expanding overseas in search of growth

IBISWorld’s Legal Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$23bn
Annual Growth 12-17
1.9%
Annual Growth 17-22
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Profit
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Employment
107,060
Businesses
20,076
Industry Analysis & Industry Trends

The past five years have challenged the Legal Services industry, with the end of the commodities boom taking its toll on industry demand. Over the past five years, fluctuating business confidence has slowed industry revenue growth as businesses have tended to improve operational efficiency rather than expand through mergers. Additionally, price pressures have mounted over the past five years as external competition for commercial legal work, particularly from accounting firms, has risen... purchase to read more

Industry Report - Industry Products Chapter

The industry provides a variety of legal services. Small law firms and sole proprietors tend to specialise in one service segment, as they do not have the scale to offer a wider range of services. The largest service segments are commercial law, personal legal services and property law.

Commercial law services

Commercial law services include the legal advice provided to businesses, much of which relates to major corporate transactions, such as mergers and acquisitions, IPOs, financing methods and taxation solutions. Demand for these services is heavily affected by the business cycle, level of investment, and corporate activity.

Many of the top-tier law firms generate high fees by working on complex specialised deals in commercial areas... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Legal Services Industry?

Firms in the industry primarily provide legal advice and representation, and the preparation of legal documents. These services are usually provided by solicitors, barristers and legal aid offices. Conveyancing services provided by lawyers and patent offices are also included in the industry. The industry does not include services provided by in-house legal teams.

Industry Products
Commercial law servicesPersonal legal servicesProperty law servicesIndustrial relations and criminal law servicesIntellectual property law servicesCommunity legal servicesAdministrative, constitutional and other law services
 
Industry Activities
Advocate servicesBarrister servicesConveyancing servicesLegal aid servicesNotary servicesPatent attorney servicesSolicitor servicesPublic prosecutor servicesGovernment solicitor servicesTitle-searching services


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