What is the Trademark and Patent Lawyers and Attorneys industry?
The industry is characterised by a low level of market share concentration, due to numerous small firms, and individual barristers and solicitors that operate in the industry. As a result, the four largest companies in the industry are estimated to control less than 40% of the overall market, despite the presence of the big six law firms.
Market share concentration is expected to increase slightly over the next five years, as larger firms acquire smaller rivals in pursuit of growth. For example, IPH Limited has rapidly acquired market share through acquisitions since listing on the ASX in November 2014, and is expected to continue doing so over the next five years... purchase to read more