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Legal Services in Australia

Legal Services in Australia

Summary

Legal Services in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

synopsis

Essential resource for top-line data and analysis covering the Australia legal services market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

  • The legal services market includes practitioners of law operating in every sector of the legal spectrum. These include commercial, criminal, legal aid, insolvency, labor/industrial, family and taxation law.
  • The Australian legal services market had total revenues of $15.9bn in 2017, representing a compound annual growth rate (CAGR) of 0.8% between 2013 and 2017.
  • Market volume increased with a CAGR of 3.9% between 2013 and 2017, to reach a total of 74,200 legal professionals in 2017.
  • As investments into legal aid increase, more people will be able to afford to pay for representation and therefore the market will grow at an accelerated rate.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the legal services market in Australia
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the legal services market in Australia
  • Leading company profiles reveal details of key legal services market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Australia legal services market with five year forecasts by both value and volume
Reasons to buy
  • What was the size of the Australia legal services market by value in 2017?
  • What will be the size of the Australia legal services market in 2022?
  • What factors are affecting the strength of competition in the Australia legal services market?
  • How has the market performed over the last five years?
  • How large is Australia’s legal services market in relation to its regional counterparts?


Executive Summary 2
Market value 2
Market value forecast 2
Market volume 2
Market volume forecast 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 9
Market value 9
Market volume 10
Market Segmentation 11
Geography segmentation 11
Market Outlook 12
Market value forecast 12
Market volume forecast 13
Five Forces Analysis 14
Summary 14
Buyer power 15
Supplier power 16
New entrants 17
Threat of substitutes 18
Degree of rivalry 19
Leading Companies 20
Allens Operations Pty Ltd 20
Clayton Utz 21
Herbert Smith Freehills LLP 22
Minter Ellison Legal Group 23
Macroeconomic Indicators 24
Country data 24
Methodology 26
Industry associations 27
Related MarketLine research 27
Appendix 28
About MarketLine 28
List of Tables
Table 1: Australia legal services market value: $ billion, 2013-17
Table 2: Australia legal services market volume: thousand legal professionals, 2013-17
Table 3: Australia legal services market geography segmentation: $ billion, 2017
Table 4: Australia legal services market value forecast: $ billion, 2017-22
Table 5: Australia legal services market volume forecast: thousand legal professionals, 2017-22
Table 6: Allens Operations Pty Ltd: key facts
Table 7: Clayton Utz: key facts
Table 8: Herbert Smith Freehills LLP: key facts
Table 9: Minter Ellison Legal Group: key facts
Table 10: Australia size of population (million), 2013-17
Table 11: Australia gdp (constant 2005 prices, $ billion), 2013-17
Table 12: Australia gdp (current prices, $ billion), 2013-17
Table 13: Australia inflation, 2013-17
Table 14: Australia consumer price index (absolute), 2013-17
Table 15: Australia exchange rate, 2013-17
List of Figures
Figure 1: Australia legal services market value: $ billion, 2013-17
Figure 2: Australia legal services market volume: thousand legal professionals, 2013-17
Figure 3: Australia legal services market geography segmentation: % share, by value, 2017
Figure 4: Australia legal services market value forecast: $ billion, 2017-22
Figure 5: Australia legal services market volume forecast: thousand legal professionals, 2017-22
Figure 6: Forces driving competition in the legal services market in Australia, 2017
Figure 7: Drivers of buyer power in the legal services market in Australia, 2017
Figure 8: Drivers of supplier power in the legal services market in Australia, 2017
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in Australia, 2017
Figure 10: Factors influencing the threat of substitutes in the legal services market in Australia, 2017
Figure 11: Drivers of degree of rivalry in the legal services market in Australia, 2017

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