IBISWorld Platform
Answer any industry question in minutes with our entire database at your fingertips.
Personal Legal Services in Australia Industry Data and Analysis
The Personal Legal Services industry is undergoing significant shifts as firms adapt to changing market conditions. With drops in workplace accidents and motor vehicle fatalities reducing personal injury cases, legal practices are expanding into areas like family law, property transactions and elder law. An ageing population is further driving this demand into estate planning and wills, leading to a shift towards tailoring services to older clients' needs. Third-party litigation funding’s growth has also enhanced sentiment in the industry, particularly around class actions and other major litigations. Overall, industry revenue is anticipated to have dropped at an annualised 0.8% over the past five years and is expected to total $6.7 billion in 2024-25, when revenue will drop by an estimated 0.6%.
Access this data your way
The Personal Legal Services in Australia Industry analysis is available in multiple formats to fit seamlessly into your workflow.
API Data Delivery
Feed trusted, human-driven industry intelligence straight into your platform.
Integrations
Streamline your workflow with IBISWorld’s intelligence built into your toolkit.
What's included in this industry analysis
IBISWorld's research coverage on the Personal Legal Services industry in Australia includes market sizing, forecasting, data and analysis from 2013-2028. The most recent publication was released October 2023.
About this industry
What's this industry report about?
The Personal Legal Services industry in Australia operates under the ANZSIC industry code OD5125. Legal practitioners in the Personal Legal Services industry (i.e. lawyers or attorneys) advise and represent individuals. Significant areas of practice include matters of personal injury law, family law, property law, class actions and wills and probates. Related terms covered in the Personal Legal Services industry in Australia include plaintiff, solicitor, barrister and conveyancing.
What's included in this industry?
Products and services covered in Personal Legal Services industry in Australia include Property law, Wills, probate and estate and Family law.
What companies are included in this industry?
Companies covered in the Personal Legal Services industry in Australia include Maurice Blackburn, Shine Justice and Allegro Funds.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Personal Legal Services industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Personal Legal Services industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Personal Legal Services industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Personal Legal Services industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Personal Legal Services industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Personal Legal Services industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Personal Legal Services industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Personal Legal Services industry in Australia.
Trusted by industry professionals
More than 6,000 businesses use IBISWorld to shape local and global economies
We were able to supplement our reports with IBISWorld’s information from both a qualitative and quantitative standpoint. All of our reporting now features some level of IBISWorld integration.
IBISWorld delivers the crisp business knowledge we need to drive our business. Whether it be serving up our major clients, winning new business or educating on industry issues, IBISWorld brings real value.
IBISWorld has revolutionised business information — which has proved commercially invaluable to exporters, investors and public policy professionals in Australia and overseas.
When you’re able to speak to clients and be knowledgeable about what they do and the state that they operate in, they’re going to trust you a lot more.
Frequently Asked Questions
What is the market size of the Personal Legal Services industry in Australia in 2026?
The market size of the Personal Legal Services industry in Australia is $6.7bn in 2026.
How many businesses are there in the Personal Legal Services industry in Australia in 2023?
There are 5,309 businesses in the Personal Legal Services industry in Australia, which has grown at a CAGR of 2.1 % between 2018 and 2023.
How may import tariffs affect the Personal Legal Services industry in Australia?
The Personal Legal Services industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Personal Legal Services industry in Australia?
The Personal Legal Services industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Personal Legal Services industry in Australia grown or declined over the past 5 years?
The market size of the Personal Legal Services industry in Australia has been declining at a CAGR of 0.8 % between 2018 and 2023.
What is the forecast growth of the Personal Legal Services industry in Australia over the next 5 years?
Over the next five years, the Personal Legal Services industry in Australia is expected to grow.
What are the biggest companies in the Personal Legal Services industry in Australia?
The biggest companies operating in the Personal Legal Services industry in Australia are Maurice Blackburn, Shine Justice and Allegro Funds
What does the Personal Legal Services industry in Australia include?
Property law and Wills, probate and estate are part of the Personal Legal Services industry in Australia.
Which companies have the highest market share in the Personal Legal Services industry in Australia?
The company holding the most market share in the Personal Legal Services industry in Australia is Maurice Blackburn.
How competitive is the Personal Legal Services industry in Australia?
The level of competition is high and increasing in the Personal Legal Services industry in Australia.
Cut through the noise with intelligence you can trust
