Legal Services in Australia

MarketLine
28 Pages - MLINE11319
$350.00

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?

Companies Mentioned

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

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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
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

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

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