Legal Services in Australia - IBISWorld Industry Market Research

Legal Services in Australia

Legal Services in Australia - IBISWorld Industry Market Research
Legal Services in Australia
Published Jun 10, 2015
31 pages — Published Jun 10, 2015
Price US$ 910.00  |  Buy this Report Now

About This Report


The past five years have challenged the Legal Services industry, with the aftermath of the global financial crisis taking its toll. While profit margins have remained high, revenue growth has slowed due to declining demand for services as businesses have implemented cost-cutting measures. As business confidence fell during the financial crisis, so too did mergers and acquisitions and other transactional work. Large firms responded by restructuring and making changes to remuneration, including freezing wages and cancelling bonuses. The top firms have since changed significantly, pursuing global markets through mergers and relationships with international firms.

Companies in the industry provide a broad range of legal services. This includes 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.

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

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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IBISWorld Industry Market Research. "Legal Services in Australia" Jun 10, 2015. Alacra Store. Oct 24, 2016. <>
IBISWorld Industry Market Research. (2015). Legal Services in Australia Jun 10, 2015. New York, NY: Alacra Store. Retrieved Oct 24, 2016 from <>
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