Family Ties: Changing Marriage Legislation is Expected to Create An Opportunity for the Industry
Operators in the Family Law and Divorce Lawyers and Attorneys industry experienced moderate increase in revenue in recent years. Divorce rates have been decreasing in the last five years, which has hurt revenue growth. On the other hand, per capita disposable income has increased over the past five years, which has enabled individuals to afford expert legal advice. Family law and divorce lawyers' revenue has been increasing at a CAGR of 0.2% over the past five years, including an estimated 1.4% in the current year, and is expected to total $12.8 billion in 2023, with profit set to drop to 20.5%.
This industry comprises legal practitioners (i.e. lawyers or attorneys) that specialize in family 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's key players and their market shares.
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