Australia Legal Services Market Size, Competitors & Forecast

Legal Services in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). 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 recorded revenues of $16.2 billion in 2023, representing a compound annual growth rate (CAGR) of 0.5% between 2018 and 2023.
Market consumption volume increased with a CAGR of 4.1% between 2018 and 2023, to reach a total of 94.0 thousand personnel in 2023.
As per GlobalData analysis, the Australian legal services market accounts for a 14.0% share of the Asia-Pacific market.

Scope

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

Reasons to Buy

What was the size of the Australia legal services market by value in 2023?
What will be the size of the Australia legal services market in 2028?
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. Geography segmentation
1.4. Market rivalry
1.5. Competitive landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Geography segmentation

5 Market Outlook

5.1. Market value 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 are the recent developments in the market?

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 Research
10.4. About the Publisher

List of Tables

Table 1: Australia legal services market value: $ billion, 2018-23
Table 2: Australia legal services market geography segmentation: $ billion, 2023
Table 3: Australia legal services market value forecast: $ billion, 2023-28
Table 4: Minter Ellison Legal Group: key facts
Table 5: Minter Ellison Legal Group: Key Employees
Table 6: Herbert Smith Freehills: key facts
Table 7: Herbert Smith Freehills: Key Employees
Table 8: Ashurst LLP: key facts
Table 9: Ashurst LLP: Key Employees
Table 10: Ashurst LLP: Key Employees Continued
Table 11: Ashurst LLP: Key Employees Continued
Table 12: Australia size of population (million), 2019-23
Table 13: Australia gdp (constant 2005 prices, $ billion), 2019-23
Table 14: Australia gdp (current prices, $ billion), 2019-23
Table 15: Australia inflation, 2019-23
Table 16: Australia consumer price index (absolute), 2019-23
Table 17: Australia exchange rate, 2019-23

List of Figures

Figure 1: Australia legal services market value: $ billion, 2018-23
Figure 2: Australia legal services market geography segmentation: % share, by value, 2023
Figure 3: Australia legal services market value forecast: $ billion, 2023-28
Figure 4: Forces driving competition in the legal services market in Australia, 2023
Figure 5: Drivers of buyer power in the legal services market in Australia, 2023
Figure 6: Drivers of supplier power in the legal services market in Australia, 2023
Figure 7: Factors influencing the likelihood of new entrants in the legal services market in Australia, 2023
Figure 8: Factors influencing the threat of substitutes in the legal services market in Australia, 2023
Figure 9: Drivers of degree of rivalry in the legal services market in Australia, 2023

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Minter Ellison Legal Group
Herbert Smith Freehills
Ashurst LLP

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Australia Legal Services Market Summary, Competitive Analysis and Forecast to 2028

Key Highlights

Scope

Reasons to Buy

Table of Contents

Companies Mentioned (Partial List)

Key Highlights

Scope

Reasons to Buy

Table of Contents

Companies Mentioned (Partial List)

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About the Market