Lawyer up: An anticipated increase in disposable income will aid revenue growth

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 2016, as divorce rates have experienced an overall decline over the period. The overall performance of the economy and an anticipated increase in disposable income, as well as an influx of new laws and regulations, will aid revenue growth over the next five years...read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 11-16
0.1%
Forecast Growth 16-21
Profit
Employment
75,491
Businesses
63,816
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

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
  • With greater financial resources at their disposal, US households looking to adopt a child will be able to afford to do so
  • 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 2021, industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to grow at an annualized 0.7%. Comparatively, US GDP is forecast to grow 2.1% over the 10-year period. An industry with an IVA growth that is slower than GDP is generally indicative of a mature-to-declining life cycle stage. Other characteristics, such as clearly segmented services and full market acceptance of legal services, further establish this industry in the 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 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 support
  • Child custody, visitation and move-away cases
  • Other cases
  • 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 18 to 24
  • Individuals aged 56 and over
  • 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 profit
  • Wages and purchases
  • Rent and Utilities
  • Other
  • 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 (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Divorce Rate (2007-2021)

  • 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.
  • Why buy this report?

    IBISWorld’s Family Law & Divorce Lawyers & Attorneys Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Family Law & Divorce Lawyers & Attorneys industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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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