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
Annual Growth 13-18
Forecast Growth 18-23
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 SWOT Analysis Chapter

    The Family Law and Divorce Lawyers and Attorneys industry is currently in the mature life cycle stage. Over the 10 years to 2023, industry value added (IVA), which measures an industry’s contribution to the overall economy, is expected to grow at an annualized rate of 0.8%. Comparatively, US GDP is forecast to grow an annualized 2.1% over the same 10-year period. An industry with an IVA growth that is slower than GDP is generally indicative of a declining life cycle stage. However, the industry’s clearly segmented services and full market acceptance of legal services, highlight that this industry is in its mature life cycle stage...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
  • 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?

    IBISWorld’s industry research report on Family Law & Divorce Lawyers & Attorneys provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    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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