Personal payback: Demand for personal injury lawyers will likely grow in line with the aging US populationAbstractPersonal Injury Lawyers & Attorneys
Over the five years to 2017, the Personal Injury Lawyers and Attorneys industry is projected to grow. Throughout this period, industry operators have benefited from an increase in the average age of the US population; older individuals are more likely to have slip-and-fall accidents, which can yield personal injury cases. Further, growth in the number of car accidents over the period is expected boost the number of civil suits brought to court, which is also expected to support industry growth, as did the slight increase in the number of work-related deaths. However, amid an increase in competition from online legal consultancy, the industry was unable to grow at a more robust rate. In the five years to 2022, industry revenue is forecast to continue growing amid an increase of structured settlements.
This industry comprises legal practitioners (i.e. lawyers or attorneys) that primarily practice personal injury law.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.