Legal Services in Australia

Legal Services in Australia

Code: ML-OHME5978 | Published: Jun-2016 | Pages: 28 | MarketLine
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Legal Services in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2011-15, and forecast to 2020). 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.


Synopsis
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

Macroeconomic indicators provide insight into general trends within the Australia economy


Reasons To Buy
What was the size of the Australia legal services market by value in 2015?

What will be the size of the Australia legal services market in 2020?

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 Australias legal services market in relation to its regional counterparts?

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 $14.0bn in 2015, representing a compound annual rate of change (CARC) of -0.8% between 2011 and 2015.

- The number of legal professionals increased with a compound annual growth rate (CAGR) of 2% between 2011-2015, to reach a total of 64.1 thousand legal professionals in 2015.

- In Australia, legal aid was at risk of being cut by AUD25m (approximately $18.8m). However, a reversal on the decision was made as there was a worry that there would be a negative impact on the Indigenous people of Australia as well as victims of domestic abuse.

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
Corrs Chambers Westgarth
Minter Ellison
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine

List of Tables


Table 1: Australia legal services market value: $ billion, 2011-15
Table 2: Australia legal services market volume: million legal professionals, 2011-15
Table 3: Australia legal services market geography segmentation: $ billion, 2015
Table 4: Australia legal services market value forecast: $ billion, 2015-20
Table 5: Australia legal services market volume forecast: million legal professionals, 2015-20
Table 6: Allens, Australia: key facts
Table 7: Clayton Utz: key facts
Table 8: Corrs Chambers Westgarth: key facts
Table 9: Minter Ellison: key facts
Table 10: Australia size of population (million), 2011-15
Table 11: Australia gdp (constant 2005 prices, $ billion), 2011-15
Table 12: Australia gdp (current prices, $ billion), 2011-15
Table 13: Australia inflation, 2011-15
Table 14: Australia consumer price index (absolute), 2011-15
Table 15: Australia exchange rate, 2011-15

List of Figures


Figure 1: Australia legal services market value: $ billion, 2011-15
Figure 2: Australia legal services market volume: million legal professionals, 2011-15
Figure 3: Australia legal services market geography segmentation: % share, by value, 2015
Figure 4: Australia legal services market value forecast: $ billion, 2015-20
Figure 5: Australia legal services market volume forecast: million legal professionals, 2015-20
Figure 6: Forces driving competition in the legal services market in Australia, 2015
Figure 7: Drivers of buyer power in the legal services market in Australia, 2015
Figure 8: Drivers of supplier power in the legal services market in Australia, 2015
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in Australia, 2015
Figure 10: Factors influencing the threat of substitutes in the legal services market in Australia, 2015
Figure 11: Drivers of degree of rivalry in the legal services market in Australia, 2015

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