Incomes for personal and workplace injury lawyers have marginally increased in recent years, despite long-term downwards trends in motor vehicle deaths and work accident rates, two significant drivers of industry demand. Restrictions put in place to curb the spread of COVID-19 caused notable disruptions to both road and workplace activity, and many cases were postponed following the initial outbreak. As restrictions eased, activity and demand conditions gradually stabilised for personal injury law firms. Processing case backlogs also created bumps in turnover for many firms. Revenue for workplace and personal injury law firms is expected to rise at an annualised 0.5% over the five years through 2023-24, to total $2.0 billion.Claim to fame: Integrating technology has allowed firms to maintain revenue growth
Firms in the industry provide legal services to individuals and firms relating to personal and work-related injuries.
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.
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
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Shine Justice Ltd
- Maurice Blackburn Pty Limited
- Allegro Funds Pty Ltd
Methodology
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