Mobile Menu

Legal Activities in Austria - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

AT-M691 March 2024 Factsheet

Revenue

€3.5bn

2019-2024 0.4 %
2024-2029 X.X %

Employees

20,277

2019-2024 0.9 %
2024-2029 X.X %

Businesses

6,942

2019-2024 2.2 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Legal Activities in Austria market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

Access the 5-year outlook with purchase. View purchase options

National industry coverage with a European twist

  • Market estimates from 2014-2029
  • Data-rich reports comparing industry performance, threats, opportunities and country rankings
  • PDF report or online database with Word, Excel and PowerPoint export options
  • 100% money back guarantee
Purchase options Download sample

About Factsheets

Industry Statistics and Rankings

How does this industry perform in Austria compared to Europe?

Country Benchmarking

Industry Data Austria

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#13 In Europe
Business
#17 In Europe
Employees
#14 In Europe
Wages
#11 In Europe

View industry report for Europe

The European legal services industry is in a phase of consolidation, signified by a surge in both intranational and international M&A activity. Challenging economic conditions have hindered demand for legal services, particularly from the corporate market. Demand for countercyclical services has limited a slump in revenue, with law firms advising on restructuring and insolvency issues. Industry revenue is projected to contract at a compound annual rate of 4.1% to €208.3 billion over the five years through 2024.

Unlock more insights on Austria and the most comparable countries in Europe with purchase. View purchase options.

Enterprises
Number of businesses in 2024

Biggest companies in the Legal Activities in Austria

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Linklaters LLP
2,282.7
996.5
43.7
Noerr Partnerschaftsgesellschaft mbB
336.0
136.0
40.5
Hengeler Mueller Partnerschaft von Rechtsanwalten mbB
320.0
127.0
39.7

Access statistics and analysis on all 4 companies with purchase. View purchase options.

Top Questions Answered in this Report

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Legal Activities industry in Austria in 2024?

The market size of the Legal Activities industry in Austria is €3.5bn in 2024.

How many businesses are there in the Legal Activities in Austria industry in 2024?

There are 6,942 businesses in the Legal Activities industry in Austria, which has grown at a CAGR of 2.2 % between 2019 and 2024.

Has the Legal Activities industry in Austria grown or declined over the past 5 years?

The market size of the Legal Activities industry in Austria has been declining at a CAGR of 0.4 % between 2019 and 2024.

What is the forecast growth of the Legal Activities industry in Austria over the next 5 years?

Over the next five years, the Legal Activities industry in Austria is expected to grow.

What are the biggest companies in the Legal Activities market in Austria?

The biggest companies operating in the Legal Activities market in Austria are Linklaters LLP, Noerr Partnerschaftsgesellschaft mbB and Hengeler Mueller Partnerschaft von Rechtsanwalten mbB

What does the Legal Activities in Austria include?

Advising on corporate law and Advising on personal law are part of the Legal Activities industry.

Which companies have the highest market share in the Legal Activities in Austria?

The company holding the most market share in Austria is Linklaters LLP.

How competitive is the Legal Activities industry in Austria?

The level of competition is moderate and increasing in the Legal Activities industry in Austria.

Related Industries

This industry is covered in 37 countries

Explore full Europe Collection

Unlock Holistic European coverage

Members get access to 450+ industries across Europe, including comparative data for 37 countries.

View purchase options

Or contact us for multi-user and corporate license options

Table of Contents

About this industry

Industry definition

Industry firms provide legal advice and representation before courts and other judicial bodies, in relation to civil and criminal matters and labour disputes. They are also involved in drawing up legal documents like deeds, wills and trusts, as well as commercial and intellectual property documents including articles of incorporation, copyright and patents.

Related Terms

M&AIPOPATENT

What's included in this industry?

Advising on corporate lawAdvising on personal lawAdvising on property lawAdvising on administrative and constitutional lawAdvising on employment lawAdvising on criminal lawAdvising on intellectual property lawAdvising on immigration and nationality law

Companies

Linklaters LLPNoerr Partnerschaftsgesellschaft mbBHengeler Mueller Partnerschaft von Rechtsanwalten mbB

Industry Code

ISIC 2006

691 - Legal activities in Austria

View up to 4 companies with purchase. View purchase options.

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Legal Activities in Austria industry?


Outlook

Analysis

What's driving the Legal Activities in Austria industry outlook?


Volatility

Analysis

What influences volatility in the Legal Activities in Austria industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Legal Activities in Austria industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Volatile economic conditions weaken corporate law demand. Since 2022, severe inflation and geopolitical tensions in Europe have subdued M&A activity and IPOs, hindering demand for corporate law advising.

View more insights with purchase. View purchase options.

Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Legal Activities in Austria industry's products and services performing?

Analysis

What are innovations in the Legal Activities in Austria industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Legal Activities in Austria industry?


International Trade

Highlights

  • Total Imports into Austria
  • Total Exports into Austria
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

There are many small law firms operating alongside larger players. Lots of legal service providers decide to serve a specific region or to specialise in one service, enabling them to make a profit.

View more insights with purchase. View purchase options.

Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Legal Activities in Austria located?

Companies

Data Tables

Top 4 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Law firms face stringent regulations. To carry out industry services and practice law, employees must be qualified and follow the relevant standards of conduct in specific European countries.

View more insights with purchase. View purchase options.

External Drivers

Analysis

What demographic and macroeconomic factors impact the Legal Activities in Austria industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Despite economic challenges and inflation, legal services maintain healthy profitability. This is due to their high markup, reputable firms' involvement in high-profile cases and efficient use of technologies like AI and cloud-based services.

View more insights with purchase. View purchase options.

Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Legal Activities in Austria industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

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

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

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.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.