Lawyer up: An aging population and economic growth will benefit the industry
Estate lawyers and attorneys are legal practitioners that specialize in providing estate, probate, inheritance and trust law services. Over the five years to 2023, a growing senior population and overall economic growth proved beneficial to estate lawyers. The outbreak of COVID-19 also helped raise demand for industry services. As a result, revenue is estimated to have increased at a CAGR of 1.4% to $17.8 billion. In 2023, revenue is estimated to increase 1.7%. Profit, which is high in this industry, has remained stable over the past few years.
This industry comprises legal practitioners (i.e. lawyers or attorneys) that specialize in providing estate, probate, inheritance and trust law services.
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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