Legal Services in Australia

Date: January 22, 2019
Pages: 32
Price:
US$ 350.00
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Publisher: MarketLine
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: L4F6DF0B815EN
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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 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

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, 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 $15.8bn in 2018, representing a compound annual growth rate (CAGR) of 0.9% between 2014 and 2018.
  • Market volume increased with a CAGR of 4.7% between 2014 and 2018, to reach a total of 79,700 legal professionals in 2018.
  • The rise of freelance lawyers has helped to reduce, if not eliminate, barriers for workers to get into the market, creating an increase in legal professionals.
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 2018?
  • What will be the size of the Australia legal services market in 2023?
  • 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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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 Operations Pty Ltd
Ashurst LLP
Herbert Smith Freehills LLP
Minter Ellison Legal Group
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine

LIST OF TABLES

Table 1: Australia legal services market value: $ million, 2014-18
Table 2: Australia legal services market volume: thousand legal professionals, 2014-18
Table 3: Australia legal services market geography segmentation: $ million, 2018
Table 4: Australia legal services market value forecast: $ million, 2018-23
Table 5: Australia legal services market volume forecast: thousand legal professionals, 2018-23
Table 6: Allens Operations Pty Ltd: key facts
Table 7: Ashurst LLP: 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), 2014-18
Table 11: Australia gdp (constant 2005 prices, $ billion), 2014-18
Table 12: Australia gdp (current prices, $ billion), 2014-18
Table 13: Australia inflation, 2014-18
Table 14: Australia consumer price index (absolute), 2014-18
Table 15: Australia exchange rate, 2014-18

LIST OF FIGURES

Figure 1: Australia legal services market value: $ million, 2014-18
Figure 2: Australia legal services market volume: thousand legal professionals, 2014-18
Figure 3: Australia legal services market geography segmentation: % share, by value, 2018
Figure 4: Australia legal services market value forecast: $ million, 2018-23
Figure 5: Australia legal services market volume forecast: thousand legal professionals, 2018-23
Figure 6: Forces driving competition in the legal services market in Australia, 2018
Figure 7: Drivers of buyer power in the legal services market in Australia, 2018
Figure 8: Drivers of supplier power in the legal services market in Australia, 2018
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in Australia, 2018
Figure 10: Factors influencing the threat of substitutes in the legal services market in Australia, 2018
Figure 11: Drivers of degree of rivalry in the legal services market in Australia, 2018

COMPANIES MENTIONED

Allens Operations Pty Ltd
Ashurst LLP
Herbert Smith Freehills LLP
Minter Ellison Legal Group
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