Trademark and Patent Lawyers and Attorneys in Australia - Market Research Report (2014-2029)
Melbourne, Australia
Last Updated: September 2024
ANZSIC OD5161Revenue
$1.4bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
3,131
Businesses
1,601
Wages
$XXX.Xm
Trademark and Patent Lawyers and Attorneys in Australia industry analysis
A varying need for intellectual property (IP) law protections and expertise has significantly affected the industry's revenue over the past five years. IP lawyers have faced volatile demand from both the health and technology sectors. Although the increased need for health technologies during the COVID-19 pandemic benefited IP lawyers, they have been facing shorter demand for these services post-pandemic. 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. However, fluctuating business confidence and government funding have restricted activity in certain key sectors, like engineering, over the past few years, limiting intellectual property law’s performance. Industry revenue is expected to have fallen at an annualised 0.8% over the five years through 2024-25, to $1.4 billion. This includes a slight uptick of 0.2% in 2024-25.
Trends and Insights
- Large incorporated and publicly listed IP law firms exert considerable influence over the industry. These firms’ aggressive expansion in recent years has increased the industry’s market share concertation.
- Fluctuating business confidence and recent high-profile cyber attacks have prompted some businesses to consolidate their business interests, including intellectual property. This trend has supported activity for trademark and patent lawyers and attorneys.
- Australia’s eastern states are epicentres of economic activity and therefore innovation. Trademark and patent lawyers and attorneys are drawn to these states where they can provide their services and expertise to a large client base.
- Larger multi-disciplinary firms, like the big six, provide varying levels of IP services. Larger law firms tend to receive larger and more lucrative cases due to their reputation and high capacity for work.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.8 % over the past five years, to reach an estimated $1.4bn in 2024.
Trends and Insights
High costs are deterring potential clients from engaging in R&D
- Interest rate hikes and inflationary pressures have fluctuated business confidence and raised client firms’ costs.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Greater activity in key markets is set to support the need for IP lawyers
- Demand for intellectual property protection from biotechnology firms, finance companies and software publishers is set to continue climbing in the coming years. These firms are forecast to keep innovating new, marketable products designed to cater to Australia's ageing demographic and sectors that are vulnerable to technological changes.
Biggest companies in the Trademark and Patent Lawyers and Attorneys in Australia
| Company | Market Share (%)
2025 | Revenue ($m)
2025 |
|---|---|---|
IPH | 213.1 | |
Qantm IP | 139.8 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Patents, Design registrations and Copyright and trademark services. Patents is the largest segment of the Trademark and Patent Lawyers and Attorneys in Australia.
Trends and Insights
Heightening cyber-attack concerns are driving interest in secrecy and confidentiality agreements
- Secrecy and confidentiality agreements relate to measures that protect information and material discussed in private meetings with third parties. Non-disclosure agreements (NDAs), in which parties agree not to disclose information discussed during meetings, fall under this segment's umbrella.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Legal Services in Australia
- Professional Services in Australia
Complementors
- Accounting Services in Australia
International industries
- There are no industries to display.
Table of Contents
About this industry
Industry definition
Legal practitioners (lawyers or attorneys) in the industry primarily provide legal services related to intellectual property law, like patent and trademark filing, maintenance and litigation.
What's included in this industry?
Copyright and trademark servicesSecrecy and confidentiality agreementsPatentsDesign registrationsComplexity of design protectionPlant breeder's rightsCompanies
IPHQantm IPPurchase this report to view all 2 major companies in this industry.
Related Terms
SOLICITORBARRISTERSPATENTTRADEMARKBIOTECHNOLOGYFINTECHIndustry Code
ANZSIC 6931 - Trademark and Patent Lawyers and Attorneys in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Large incorporated and publicly listed IP law firms exert considerable influence over the industry. These firms’ aggressive expansion in recent years has increased the indust...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Fluctuating business confidence and recent high-profile cyber attacks have prompted some businesses to consolidate their business interests, including intellectual property. ...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Australia’s eastern states are epicentres of economic activity and therefore innovation. Trademark and patent lawyers and attorneys are drawn to these states where they can p...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Larger multi-disciplinary firms, like the big six, provide varying levels of IP services. Larger law firms tend to receive larger and more lucrative cases due to their reputa...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Larger IP legal practitioners have been able to expand through publicly listing on the ASX. Equity funding facilitated through the public exchange has provided these firms wi...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of IPH's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Qantm IP's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for IPH, and factors influencing its performance in the industry
- Description and key data for Qantm IP, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Intellectual property law has undergone significant regulatory changes in recent years. Several amendments have been passed, designed to streamline and simplify a complex jun...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Competition for skilled workers has been fierce amid tight labour market conditions. Industry employment has risen over the past five years while revenue has fallen, elevatin...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Trademark and Patent Lawyers and Attorneys industry in Australia in 2024?
The market size of the Trademark and Patent Lawyers and Attorneys industry in Australia is $1.4bn in 2024.
How many businesses are there in the Trademark and Patent Lawyers and Attorneys in Australia industry in 2024?
There are 1,601 businesses in the Trademark and Patent Lawyers and Attorneys industry in Australia, which has grown at a CAGR of 0.6 % between 2019 and 2024.
Has the Trademark and Patent Lawyers and Attorneys industry in Australia grown or declined over the past 5 years?
The market size of the Trademark and Patent Lawyers and Attorneys industry in Australia has been declining at a CAGR of 0.8 % between 2019 and 2024.
What is the forecast growth of the Trademark and Patent Lawyers and Attorneys industry in Australia over the next 5 years?
Over the next five years, the Trademark and Patent Lawyers and Attorneys industry in Australia is expected to grow.
What are the biggest companies in the Trademark and Patent Lawyers and Attorneys market in Australia?
The biggest companies operating in the Trademark and Patent Lawyers and Attorneys market in Australia are IPH and Qantm IP
What does the Trademark and Patent Lawyers and Attorneys in Australia include?
Copyright and trademark services and Secrecy and confidentiality agreements are part of the Trademark and Patent Lawyers and Attorneys industry.
Which companies have the highest market share in the Trademark and Patent Lawyers and Attorneys in Australia?
The company holding the most market share in Australia is IPH.
How competitive is the Trademark and Patent Lawyers and Attorneys industry in Australia?
The level of competition is high and steady in the Trademark and Patent Lawyers and Attorneys industry in Australia.
