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Personal Legal Services in Australia - Industry Market Research Report

Publisher IBISWorld
Published Oct 18, 2023
Length 62 Pages
SKU # IBSS18310508

Description

Personal Legal Services in Australia - Industry Market Research Report


Personal Legal Services in Australia

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. Class action lawsuits have increased in popularity over the past five years, providing the industry with an opportunity to expand. Rises in the mortality rate and number of divorces have supported the industry over the period, increasing demand for services relating to family law and wills, estates and probates. However, restrictions related to the COVID-19 pandemic have contributed to falling work and vehicle accident rates, subsequently reducing industry demand over the past three years. Industry revenue is expected to grow at an annualised 0.2% over the five years through 2021-22, to total $7.5 billion.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

62 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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