B2B drives market demand, with B2B spending representing 87.7% of total demand in 2021. Herbert Smith Freehills is the largest company in Australia, generating 3.4% of the industry’s total production value in 2021. The industry is fragmented, with the top five companies generating 10.7% of total production value in 2021. The total number of companies increases in 2021, to 23,626 units. The costs of the industry increase by 18.1% in 2021, largely driven by rising labour costs. The industry’s profitability increases and stands at 26.6% of turnover in 2021, the 16th highest across the top 20 developed countries. With turnover of USD18.8 billion, Australia accounts for 84.2% of the Australasia total in 2021.
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This Euromonitor industrial report provides unique information on Legal Services in Australia: ISIC 7411. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Legal Services in Australia: ISIC 7411 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of accounting and auditing, advertising, architectural and engineering services, building-cleaning services, business and management consultancies, computer and related services, investigation and security services, legal services and other business services.See All of Our Definitions
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