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Legal Services in Australia

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Details

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 2012-16, and forecast to 2021). 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 $14.3bn in 2016, representing a compound annual rate of change (CARC) of -1% between 2012 and 2016.

Market consumption volume increased with a CAGR of 1.5% between 2012 and 2016, to reach a total of 65.2 thousand legal professionals in 2016.

The problems created by cuts in legal aid continue to blight the legal services sector in Australia. The Law Council of Australia claims since 2009 45,000 people have represented themselves due to lack of legal aid. The council is demanding AU$350m ($263m) to correct the situation.

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 2016?

What will be the size of the Australia legal services market in 2021?

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?

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Table Of Content

Scope

Table of Contents

Executive Summary

Market value

Market value forecast

Market volume

Market volume forecast

Geography segmentation

Market rivalry

Market Overview

Market definition

Market analysis

Market Data

Market value

Market volume

Market Segmentation

Geography segmentation

Market Outlook

Market value forecast

Market volume forecast

Five Forces Analysis

Summary

Buyer power

Supplier power

New entrants

Threat of substitutes

Degree of rivalry

Leading Companies

Allens, Australia

Clayton Utz

Herbert Smith Freehills

Minter Ellison Legal Group

Macroeconomic Indicators

Country data

Methodology

Industry associations

Related MarketLine research

Appendix

About MarketLine


List Of Figure

List of Figures

Figure 1: Australia legal services market value: $ billion, 2012-16

Figure 2: Australia legal services market volume: thousand legal professionals, 2012-16

Figure 3: Australia legal services market geography segmentation: % share, by value, 2016

Figure 4: Australia legal services market value forecast: $ billion, 2016-21

Figure 5: Australia legal services market volume forecast: thousand legal professionals, 2016-21

Figure 6: Forces driving competition in the legal services market in Australia, 2016

Figure 7: Drivers of buyer power in the legal services market in Australia, 2016

Figure 8: Drivers of supplier power in the legal services market in Australia, 2016

Figure 9: Factors influencing the likelihood of new entrants in the legal services market in Australia, 2016

Figure 10: Factors influencing the threat of substitutes in the legal services market in Australia, 2016

Figure 11: Drivers of degree of rivalry in the legal services market in Australia, 2016


List Of Table

List of Tables

Table 1: Australia legal services market value: $ billion, 2012-16

Table 2: Australia legal services market volume: thousand legal professionals, 2012-16

Table 3: Australia legal services market geography segmentation: $ billion, 2016

Table 4: Australia legal services market value forecast: $ billion, 2016-21

Table 5: Australia legal services market volume forecast: thousand legal professionals, 2016-21

Table 6: Allens, Australia: key facts

Table 7: Clayton Utz: key facts

Table 8: Herbert Smith Freehills: key facts

Table 9: Minter Ellison Legal Group: key facts

Table 10: Australia size of population (million), 2012-16

Table 11: Australia gdp (constant 2005 prices, $ billion), 2012-16

Table 12: Australia gdp (current prices, $ billion), 2012-16

Table 13: Australia inflation, 2012-16

Table 14: Australia consumer price index (absolute), 2012-16

Table 15: Australia exchange rate, 2012-16

Licence Rights

Single User License:
Report can be used by individual purchaser only

Site License: 
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:  
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Products and Companies


Companies

Allens, Australia, Clayton Utz, Herbert Smith Freehills, Minter Ellison Legal Group