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Family Law & Divorce Lawyers & Attorneys - Industry Market Research Report

  • ID: 3940474
  • Report
  • 30 pages
  • IBISWorld
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Family ties: Changing marriage legislation will create an opportunity for the industry

Family Law & Divorce Lawyers & Attorneys

Operators in the Family Law and Divorce Lawyers and Attorneys industry assist their clients in divorce, child support, child custody and other areas of family law cases. Participants in this industry typically consist of small firms or sole practitioners. Industry growth has been modest over the five years to 2018, as divorce rates have experienced an overall decline over the period. With economic growth accelerating, per capita disposable income is expected to increase in 2018, which will enable individuals to afford expert legal advice. However, with the rise of online filing services presenting stiff competition for traditional family law firms, revenue is expected to marginally grow in 2018, despite healthy economic activity. Industry revenue is projected to increase over the five years to 2023. The overall performance of the economy and an anticipated increase in disposable income, as well as an influx of new laws and regulations, will aid revenue growth over the next five years. However, industry growth and profitability will be checked by the increasing trend of family law cases being resolved without lawyers due to an expected increase in the use of specialized nonprofit centers and volunteer lawyers.

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 key players and their market shares.

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ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
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