Australia Legal Services Market Summary, Competitive Analysis and Forecast, 2017-2026
Australia Legal Services Market @Summary, Competitive Analysis and Forecast, 2017-2026
SUMMARY
Legal Services in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Legal Services in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- The legal services market includes practitioners of law operating in every sector of the legal spectrum. These include, but are not limited to, commercial, criminal, legal aid, insolvency, labor/industrial, family and taxation law.
- The Australian legal services market had total revenues of $16.6 billion in 2021, representing a compound annual growth rate (CAGR) of 1.7% between 2016 and 2021.
- Market production volume increased with a CAGR of 3.7% between 2016 and 2021, to reach a total of 85,600,000 practitioners of law in 2021.
- Market growth over the past five years has been inhibited by fluctuating business conditions, weak growth in household income, and increasing price sensitivity among clients
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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
- What was the size of the Australia legal services market by value in 2021?
- What will be the size of the Australia legal services market in 2026?
- What factors are affecting the strength of competition in the Australia legal services market?
- How has the market performed over the last five years?
- What are the main segments that make up Australia's legal services market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
3.2. Market volume
4 MARKET SEGMENTATION
4.1. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
5.2. Market volume forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What alternative legal services providers are competing with leading players?
7.4. What are the recent significant deals for the leading players?
8 COMPANY PROFILES
8.1. Minter Ellison Legal Group
8.2. Herbert Smith Freehills
8.3. Ashurst LLP
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
3.2. Market volume
4 MARKET SEGMENTATION
4.1. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
5.2. Market volume forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What alternative legal services providers are competing with leading players?
7.4. What are the recent significant deals for the leading players?
8 COMPANY PROFILES
8.1. Minter Ellison Legal Group
8.2. Herbert Smith Freehills
8.3. Ashurst LLP
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Australia legal services market value: $ billion, 2016-21
Table 2: Australia legal services market volume: thousand practitioners of law, 2016-21
Table 3: Australia legal services market geography segmentation: $ billion, 2021
Table 4: Australia legal services market value forecast: $ billion, 2021-26
Table 5: Australia legal services market volume forecast: thousand practitioners of law, 2021-26
Table 6: Minter Ellison Legal Group: key facts
Table 7: Minter Ellison Legal Group: Key Employees
Table 8: Herbert Smith Freehills: key facts
Table 9: Herbert Smith Freehills: Key Employees
Table 10: Ashurst LLP: key facts
Table 11: Ashurst LLP: Key Employees
Table 12: Ashurst LLP: Key Employees Continued
Table 13: Ashurst LLP: Key Employees Continued
Table 14: Ashurst LLP: Key Employees Continued
Table 15: Australia size of population (million), 2017-21
Table 16: Australia gdp (constant 2005 prices, $ billion), 2017-21
Table 17: Australia gdp (current prices, $ billion), 2017-21
Table 18: Australia inflation, 2017-21
Table 19: Australia consumer price index (absolute), 2017-21
Table 20: Australia exchange rate, 2017-21
Table 1: Australia legal services market value: $ billion, 2016-21
Table 2: Australia legal services market volume: thousand practitioners of law, 2016-21
Table 3: Australia legal services market geography segmentation: $ billion, 2021
Table 4: Australia legal services market value forecast: $ billion, 2021-26
Table 5: Australia legal services market volume forecast: thousand practitioners of law, 2021-26
Table 6: Minter Ellison Legal Group: key facts
Table 7: Minter Ellison Legal Group: Key Employees
Table 8: Herbert Smith Freehills: key facts
Table 9: Herbert Smith Freehills: Key Employees
Table 10: Ashurst LLP: key facts
Table 11: Ashurst LLP: Key Employees
Table 12: Ashurst LLP: Key Employees Continued
Table 13: Ashurst LLP: Key Employees Continued
Table 14: Ashurst LLP: Key Employees Continued
Table 15: Australia size of population (million), 2017-21
Table 16: Australia gdp (constant 2005 prices, $ billion), 2017-21
Table 17: Australia gdp (current prices, $ billion), 2017-21
Table 18: Australia inflation, 2017-21
Table 19: Australia consumer price index (absolute), 2017-21
Table 20: Australia exchange rate, 2017-21
LIST OF FIGURES
Figure 1: Australia legal services market value: $ billion, 2016-21
Figure 2: Australia legal services market volume: thousand practitioners of law, 2016-21
Figure 3: Australia legal services market geography segmentation: % share, by value, 2021
Figure 4: Australia legal services market value forecast: $ billion, 2021-26
Figure 5: Australia legal services market volume forecast: thousand practitioners of law, 2021-26
Figure 6: Forces driving competition in the legal services market in Australia, 2021
Figure 7: Drivers of buyer power in the legal services market in Australia, 2021
Figure 8: Drivers of supplier power in the legal services market in Australia, 2021
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in Australia, 2021
Figure 10: Factors influencing the threat of substitutes in the legal services market in Australia, 2021
Figure 11: Drivers of degree of rivalry in the legal services market in Australia, 2021
Figure 1: Australia legal services market value: $ billion, 2016-21
Figure 2: Australia legal services market volume: thousand practitioners of law, 2016-21
Figure 3: Australia legal services market geography segmentation: % share, by value, 2021
Figure 4: Australia legal services market value forecast: $ billion, 2021-26
Figure 5: Australia legal services market volume forecast: thousand practitioners of law, 2021-26
Figure 6: Forces driving competition in the legal services market in Australia, 2021
Figure 7: Drivers of buyer power in the legal services market in Australia, 2021
Figure 8: Drivers of supplier power in the legal services market in Australia, 2021
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in Australia, 2021
Figure 10: Factors influencing the threat of substitutes in the legal services market in Australia, 2021
Figure 11: Drivers of degree of rivalry in the legal services market in Australia, 2021
