Legal Services in Australia
Published: November 2012 · Publisher: MarketLine
Legal Services in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016).
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Introduction
Legal Services in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). 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.
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 market's value is calculated as the total revenues received by law companies for services rendered. These values include all applicable taxes. Market volumes in this report refer to the total number of legal professionals. All currency conversions are calculated at constant average annual 2011 exchange rates.
*The Australian legal services market had total revenues of $19.9 billion in 2011, representing a compound annual growth rate (CAGR) of 3.2% between 2007 and 2011.
*Total number of legal professionals increased with a CAGR of 3.7% between 27-211, to reach a total of 24.5 thousands in 211.
*The performance of the market is forecast to accelerate, with an anticipated CAGR of 5.9% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $26.4 billion by the end of 2016.
Features
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
Macroeconomic indicators provide insight into general trends within the Australia economy
Key Questions Answered
What was the size of the Australia legal services market by value in 2011?
What will be the size of the Australia legal services market in 2016?
What factors are affecting the strength of competition in the Australia legal services market?
How has the market performed over the last five years?
Legal Services in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). 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.
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 market's value is calculated as the total revenues received by law companies for services rendered. These values include all applicable taxes. Market volumes in this report refer to the total number of legal professionals. All currency conversions are calculated at constant average annual 2011 exchange rates.
*The Australian legal services market had total revenues of $19.9 billion in 2011, representing a compound annual growth rate (CAGR) of 3.2% between 2007 and 2011.
*Total number of legal professionals increased with a CAGR of 3.7% between 27-211, to reach a total of 24.5 thousands in 211.
*The performance of the market is forecast to accelerate, with an anticipated CAGR of 5.9% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $26.4 billion by the end of 2016.
Features
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
Macroeconomic indicators provide insight into general trends within the Australia economy
Key Questions Answered
What was the size of the Australia legal services market by value in 2011?
What will be the size of the Australia legal services market in 2016?
What factors are affecting the strength of competition in the Australia legal services market?
How has the market performed over the last five years?
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TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Market volume 2
Market volume forecast 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market volume 9
Market Segmentation 10
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Market volume forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Threat of substitutes 17
Degree of rivalry 18
Leading Companies 19
Clayton Utz 19
Freehills 20
Mallesons Stephen Jaques 21
Minter Ellison 22
Macroeconomic Indicators 23
Country Data 23
Appendix 25
Methodology 25
LIST OF TABLES
Table 1: Australia legal services market value: $ million, 2007–11 8
Table 2: Australia legal services market volume: units, 2007–11 9
Table 3: Australia legal services market geography segmentation: $ million, 2011 10
Table 4: Australia legal services market value forecast: $ million, 2011–16 11
Table 5: Australia legal services market volume forecast: units, 2011–16 12
Table 6: Clayton Utz: key facts 19
Table 7: Freehills: key facts 20
Table 8: Mallesons Stephen Jaques: key facts 21
Table 9: Minter Ellison: key facts 22
Table 10: Australia size of population (million), 2007–11 23
Table 11: Australia gdp (constant 2000 prices, $ billion), 2007–11 23
Table 12: Australia gdp (current prices, $ billion), 2007–11 23
Table 13: Australia inflation, 2007–11 24
Table 14: Australia consumer price index (absolute), 2007–11 24
Table 15: Australia exchange rate, 2007–11 24
LIST OF FIGURES
Figure 1: Australia legal services market value: $ million, 2007–11 8
Figure 2: Australia legal services market volume: units, 2007–11 9
Figure 3: Australia legal services market geography segmentation: % share, by value, 2011 10
Figure 4: Australia legal services market value forecast: $ million, 2011–16 11
Figure 5: Australia legal services market volume forecast: units, 2011–16 12
Figure 6: Forces driving competition in the legal services market in Australia, 2011 13
Figure 7: Drivers of buyer power in the legal services market in Australia, 2011 14
Figure 8: Drivers of supplier power in the legal services market in Australia, 2011 15
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in Australia, 2011 16
Figure 10: Factors influencing the threat of substitutes in the legal services market in Australia, 2011 17
Figure 11: Drivers of degree of rivalry in the legal services market in Australia, 2011 18
Executive Summary 2
Market value 2
Market value forecast 2
Market volume 2
Market volume forecast 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market volume 9
Market Segmentation 10
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Market volume forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Threat of substitutes 17
Degree of rivalry 18
Leading Companies 19
Clayton Utz 19
Freehills 20
Mallesons Stephen Jaques 21
Minter Ellison 22
Macroeconomic Indicators 23
Country Data 23
Appendix 25
Methodology 25
LIST OF TABLES
Table 1: Australia legal services market value: $ million, 2007–11 8
Table 2: Australia legal services market volume: units, 2007–11 9
Table 3: Australia legal services market geography segmentation: $ million, 2011 10
Table 4: Australia legal services market value forecast: $ million, 2011–16 11
Table 5: Australia legal services market volume forecast: units, 2011–16 12
Table 6: Clayton Utz: key facts 19
Table 7: Freehills: key facts 20
Table 8: Mallesons Stephen Jaques: key facts 21
Table 9: Minter Ellison: key facts 22
Table 10: Australia size of population (million), 2007–11 23
Table 11: Australia gdp (constant 2000 prices, $ billion), 2007–11 23
Table 12: Australia gdp (current prices, $ billion), 2007–11 23
Table 13: Australia inflation, 2007–11 24
Table 14: Australia consumer price index (absolute), 2007–11 24
Table 15: Australia exchange rate, 2007–11 24
LIST OF FIGURES
Figure 1: Australia legal services market value: $ million, 2007–11 8
Figure 2: Australia legal services market volume: units, 2007–11 9
Figure 3: Australia legal services market geography segmentation: % share, by value, 2011 10
Figure 4: Australia legal services market value forecast: $ million, 2011–16 11
Figure 5: Australia legal services market volume forecast: units, 2011–16 12
Figure 6: Forces driving competition in the legal services market in Australia, 2011 13
Figure 7: Drivers of buyer power in the legal services market in Australia, 2011 14
Figure 8: Drivers of supplier power in the legal services market in Australia, 2011 15
Figure 9: Factors influencing the likelihood of new entrants in the legal services market in Australia, 2011 16
Figure 10: Factors influencing the threat of substitutes in the legal services market in Australia, 2011 17
Figure 11: Drivers of degree of rivalry in the legal services market in Australia, 2011 18
Copyright © FriedlNet. You may share using our tools Please don't cut content from FriedlNet and redistribute by email or post to the web.