Family Law & Divorce Lawyers & Attorneys in the US - Industry Market Research Report

Family Law & Divorce Lawyers & Attorneys in the US - Industry Market Research Report

  • May 2019 •
  • 30 pages •
  • Report ID: 5103938 •
  • Format: PDF

Family ties: Changing marriage legislation is expected to create an opportunity for the industry

Abstract

Family Law & Divorce Lawyers & Attorneys
Family Law and Divorce Lawyers and Attorneys industry growth has been modest over the five years to 2019, as divorce rates have experienced an overall decline during the period. However, industry revenue has benefited from stable demand from cases surrounding child support and child custodial arrangements. With economic growth accelerating, per capita disposable income is expected to increase in 2019, which will enable individuals to afford expert legal advice. The overall performance of the economy and an anticipated increase in disposable income, in addition to an influx of new laws and regulations, will aid revenue growth over the next five years. However, industry growth and profitability will be checked by the increasing trend of family law cases being resolved without lawyers due to an expected increase in the use of specialized nonprofit centers and volunteer lawyers.

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