The Personal Injury Lawyers and Attorneys industry experienced slight volatility over the five years to 2023, largely because of the pandemic. Many firms rely on cases related to automobile accidents, which plummeted in 2020, as fewer individuals were on the road. Personal injury lawyers focused in other specialties or running more generalized practices faired better. Overall, revenue is expected to rise at a CAGR of 3.6% to $58.6 billion, including an estimated increase of 1.7% in 2023 alone. This industry comprises legal practitioners (i.e. lawyers or attorneys) that primarily practice personal injury law. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.Personal Payback: Demand for Personal Injury Lawyers Will Likely Grow in Line with the Aging Us Population
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Methodology
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