Trademark and Patent Lawyers and Attorneys in Australia - Industry Market Research Report

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."