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Spotlight On Commercial Law Services Sector

What is the Commercial Law services sector?

According to IBISWorld[1], commercial law services accounts for 32% of the Australian Legal Services Industry.

The commercial law services sector provides legal advice to businesses, mostly relating to major corporate transactions such as mergers and acquisitions and IPOs, and financing methods and taxation solutions.   The top-tier law firms primarily provide services in this segment.

What drives demand for Commercial Law services?

The business cycle, investment levels and overall corporate activity heavily affect demand for these services.  Some commercial law services, such as those associated with bankruptcy and restructuring initiatives, are countercyclical.  Due to the complexity of commercial transactions, legal firms that specialise in this area of law often command high premiums.

What is the current performance of the Commercial Law services sector?

Over the past five years, this segment has increased as a share of industry revenue due to positive business confidence and growing demand from financial services firms.

Note 1: This information is reproduced from the IBISWorld Industry Report M6931 Legal Services in Australia February 2019 Kim Do

 

AVG Forensic’s primary referral source is the Australian legal services industry. The Australian Legal Industry – Drivers of Value provides our insight into the value drivers for this industry based on our research, experience and knowledge.  To receive a copy of our full report, please supply your details below you will receive a link to your copy.  

 

 


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