Family ties: Changing marriage legislation will create an opportunity for the industry

Operators in the Family Law and Divorce Lawyers and Attorneys industry assist their clients in divorce, child support, child custody and other areas of family law cases. Participants in this industry typically consist of small firms or sole practitioners. Industry growth has been modest over the five years to 2018, as divorce rates have experienced an overall decline over the period. With economic growth accelerating, per capita disposable income is expected to increase in 2018, which will enable individuals to afford expert legal advice. However, with the rise of online filing services presenting stiff competition for traditional family law firms, revenue is expected to marginally grow in 2018, despite healthy economic activity...purchase to read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 13-18
0.8%
Forecast Growth 18-23
Profit
Employment
75,225
Businesses
63,230
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Changing legislature and regulations with regard to gay rights will benefit demand for industry services
  • Individuals are increasingly using the internet to file less-complicated documents
  • Operators will experience greater downstream demand despite a falling divorce rate
  • Industry Report - Industry Investment Chapter

    The Family Law and Divorce Lawyers and Attorneys industry has a low level of capital intensity, with firms spending an estimated $0.02 on capital for every dollar spent on labor in 2018. The high labor-intensive industry requires highly skilled lawyers, who are educated and knowledgeable in the practice of law. These specialized employees with expensive degrees from law schools must also stay updated on any changes created by acts of family and custodial legislation. Depending on the size of the firms, a strong support staff may be necessary for researching, filing and documenting duties.The level of technological change in the industry is low, with most of the change coming from the use of computer systems, legal databases and specialized software packages. Som...purchase to read more.

    Additional Insights for the Family Law & Divorce Lawyers & Attorneys Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Family Law & Divorce Lawyers & Attorneys Industry are

  • Ability to effectively communicate and negotiate
  • Experienced work force
  • Having a high prior success rate
  • IBISWorld analysts also discuss how external factors such as Divorce rate and Poverty rate in the Family Law & Divorce Lawyers & Attorneys industry impact industry performance..

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    What's in this report

    What is the Family Law & Divorce Lawyers & Attorneys Industry?

    This industry comprises legal practitioners (i.e. lawyers or attorneys) that specialize in family law.

    Industry Products
  • Divorce and related issues
  • Child support
  • Child custody, visitation and move-away cases
  • Other cases
  • Industry Activities
  • Providing family law services
  • Providing divorce law services
  • Providing child support law services
  • Providing child custody, visitation and move-away law services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Divorce rate
  • Poverty rate
  • National unemployment rate
  • Per capita disposable income

  • Current Performance
  • Downstream demand patterns
  • Growing external competition
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream demand rising
  • Industry competition
  • Industry structure
  • Table: Family Law & Divorce Lawyers & Attorneys Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Family Law & Divorce Lawyers & Attorneys Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Commercial Leasing
  • Computer Stores
  • Office Furniture Manufacturing
  • Office Supply Stores

  • Products & Services
  • Divorce and related issues
  • Child custody, visitation and move-away cases
  • Other cases
  • Child support
  • Chart: Family Law & Divorce Lawyers & Attorneys Industry Products and Services Segmentation

  • Demand Determinants
  • Demographic factors
  • Economic factors
  • Technological factors

  • Major Markets
  • Individuals aged 25 to 34
  • Individuals aged 35 to 44
  • Individuals aged 44 to 55
  • Individuals aged 56 and over
  • Individuals aged 18 to 24
  • Individuals under the age of 18
  • Chart: Major Market Segmentation for the Family Law & Divorce Lawyers & Attorneys Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    Industry profitWages and purchasesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Family Law & Divorce Lawyers & Attorneys

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Family Law & Divorce Lawyers & Attorneys Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Family Law & Divorce Lawyers & Attorneys Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Family Law & Divorce Lawyers & Attorneys Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Divorce Rate (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Legal Permanent Residents
  • People who have been granted lawful permanent residence in the United States.
  • Pro Bono
  • Professional work that is undertaken voluntarily and without payment.
  • Statutory Law
  • Written law set by a legislature, which differs from oral or customary law.
  • What Our Customers Say

    Why buy this report?

    The Family Law & Divorce Lawyers & Attorneys industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    This report on Family Law & Divorce Lawyers & Attorneys:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Family Law & Divorce Lawyers & Attorneys market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Family Law & Divorce Lawyers & Attorneys, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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