Trademark and Patent Lawyers and Attorneys in Australia - Industry Market Research Report
Trademark and Patent Lawyers and Attorneys in Australia
A strong need for intellectual property (IP) law protections and expertise has supported incomes for trademark and patent lawyers and attorneys in recent years. IP lawyers have benefited from rising demand in both the health and technology sectors, with the need for products limiting the spread and mitigating the costs of the COVID-19 pandemic bumping activity in both sectors. Additional rises in private research and development (R&D) expenditure and capital expenditure by the private sector have supported the need for IP protections, like trademarks and patents. Yet, fluctuating business confidence has ultimately limited intellectual property law performance as activity in certain key client sectors, like finance, has declined over the past five years. Overall, industry revenue is expected to rise at an annualised 2.0% over the five years through 2022-23, to $1.1 billion.
Legal practitioners (lawyers or attorneys) in the industry primarily provide legal services related to intellectual property law, such as patent and trademark filing, maintenance and litigation.
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.
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