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Personal Injury Lawyers & Attorneys in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Personal Injury Lawyers & Attorneys Market Research Report | Advisory & Financial Services | Law Firms | Apr 2015

Personal payback: Demand for personal injury lawyers will likely grow in line with the aging US population

The Personal Injury Lawyers & Attorneys market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$35bn
Annual Growth 10-15
2.3%
Annual Growth 15-20
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Profit
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Employment
92,974
Businesses
58,952
Industry Analysis & Industry Trends

Personal injury claims are filed for incidents such as road traffic accidents, workplace accidents, assaults, accidents in the home, defective product-related accidents and medical malpractice. Demand for personal injury lawyers exists regardless of the economic climate, and the industry weathered the recession well. Over the five years to 2020, medical malpractice suits will likely become more common, as the US population ages. The increasing popularity of structured settlements, which enable the negligent party to pay over a period of time rather than in one lump sum, will stabilize revenue for personal injury lawyers.... purchase to read more

Industry Report - Starting a New Business Chapter

Personal injury lawyers are usually highly specialized because personal injury law is complex. A firm's reputation is important in obtaining work, and developing relationships with clients can take years. Only time and success can help overcome these barriers. Up-front spending on marketing can help attract clients; however, clients may be hesitant to work with an unseasoned personal injury lawyer. As a result, many lawyers in this field will initially partner with a more experienced lawyer or will agree to a much smaller pay cut to garner business.

The system of payment in most personal injury cases is a barrier to entry into the industry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Personal Injury Lawyers & Attorneys Industry?

This industry comprises legal practitioners (i.e. lawyers or attorneys) that primarily practice personal injury law.

Industry Products
Personal Injury - AutomobileMedical malpracticeOther personal injury casesPersonal Injury - Airline Personal Injury - Marine
 
Industry Activities
Negligence law servicesTort law servicesWorkplace injury law services


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