Legal Services in Australia

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?

Companies mentioned

Allens, Australia

Clayton Utz

Herbert Smith Freehills

Minter Ellison Legal Group

Table of Contents

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 Tables

List of Tables

Table 1: Australia legal services market value: $ billion, 201216

Table 2: Australia legal services market volume: thousand legal professionals, 201216

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

Table 4: Australia legal services market value forecast: $ billion, 201621

Table 5: Australia legal services market volume forecast: thousand legal professionals, 201621

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), 201216

Table 11: Australia gdp (constant 2005 prices, $ billion), 201216

Table 12: Australia gdp (current prices, $ billion), 201216

Table 13: Australia inflation, 201216

Table 14: Australia consumer price index (absolute), 201216

Table 15: Australia exchange rate, 201216

List of Figures

List of Figures

Figure 1: Australia legal services market value: $ billion, 201216

Figure 2: Australia legal services market volume: thousand legal professionals, 201216

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

Figure 4: Australia legal services market value forecast: $ billion, 201621

Figure 5: Australia legal services market volume forecast: thousand legal professionals, 201621

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

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