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Personal Injury Lawyers & Attorneys in the US - Market Research Report (2015-2030)

Alexander Govdysh Alexander Govdysh New York, United States Last Updated: July 2025 NAICS OD4812

Revenue

$61.7bn

2025

$61.7bn

Past 5-Year Growth

Profit

$XX.Xbn

Employees

180k

Businesses

50,435

Wages

$XX.Xbn

Personal Injury Lawyers & Attorneys in the US industry analysis

A consistent flow of legal cases, heightened travel and the continued proliferation of vehicle drivers created a range of revenue streams for personal injury lawyers and attorneys. Individual customers drove considerable interest in injury attorneys, as the rate of motor vehicle cases and overall drivers rose over the past five years. There were 237.7 million individual drivers in 2023 according to the Federal Highway Administration, expanding lawyers’ influence within the automobile accident stream. The industry also benefited from continued inclines in medical malpractice cases, buoyed by strong 3.1% growth in the number of adults aged 65 and older over the past five years. Service expansion and diversification has provided smaller law firms with greater ability to run more generalized practices spanning automobile accident cases and workplace injury cases, while expanding their array of clients. Overall, revenue grew at a CAGR of 2.5% to an estimated $61.7 billion, including an estimated 0.7% boost in 2025 alone.

Trends and Insights

  • An incline in vehicle drivers and accidents drives core revenue growth. Personal injury lawyers benefited from a higher caseload of automobile accident cases, buoyed by inclines in vehicle drivers and more leisure activities amid economic recovery.
  • Automobile accidents are personal injury law firms’ bread and butter. The segment continues to be a core revenue stream due to higher proliferation of drivers and frequency of car accidents, despite the implementation of safe-driving technology.
  • The Southeast houses a considerable share of lawyers. Since personal injury lawyers deal directly with clients, access to a larger population generates higher demand for their services, with the Southeast garnering high demand in states like Florida.
  • Competition between personal injury law firms is intense. Successful firms leverage their reputation to win over potential clients, with law firms that deliver consistent results in terms of successful settlements generating stronger standing within the industry.
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Industry Statistics and Trends

Market size and recent performance (2015-2030)

Industry revenue has grown at a CAGR of 2.5 % over the past five years, to reach an estimated $61.7bn in 2025.

Trends and Insights

The acceleration of downstream economic activity drives higher legal interest

  • Personal injury lawyers and attorneys are highly reliant on strong economic activity among a range of individual customers. When people travel more or take a higher frequency of vacations via air travel or cruise ships, the possibility of a personal injury increases. Lawyers rely heavily on niche personal injury event occurrence, as clients seek adequate compensation in cases of an accident or serious injury.
  • Additional trends and insights available with purchase
Personal Injury Lawyers & Attorneys in the US
Revenue (2015-2030)
IBISWorld Logo Source: IBISWorld

Industry outlook (2025-2030)

Market size is projected to grow over the next five years.

Trends and Insights

A growing elderly population will drive growth

  • Personal injury lawyers and attorneys are poised to benefit from a rapidly rising retiree population, which will seek medical care at higher rates and increase the potential for a medical malpractice case to arise. The number of adults aged 65 and older is poised to increase 2.4% over the next five years, driving the number of malpractice cases up and expanding the potential marketplace for personal injury lawyers. A lot of demand will be predicated across states with large retiree populations, such as Florida and Texas, which will encourage incumbent law firms to expand operations in retiree-rich areas by opening new offices or offering virtual consultations.

Biggest companies in the Personal Injury Lawyers & Attorneys in the US

Company
Market Share (%)
2025
Revenue
2025
Profit
2025
Profit Margin (%)
2025

There are no companies that hold a market share exceeding 5% in the Personal Injury Lawyers & Attorneys in the US industry.

Products & Services Segmentation

Personal Injury Lawyers & Attorneys in the US
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Automobile accidents, Personal injury - marine and Medical malpractice. Automobile accidents is the largest segment of the Personal Injury Lawyers & Attorneys in the US.

Trends and Insights

Automobile accidents pay the bills for personal law firms

  • Automobile accidents include cases involving the collision of two or more vehicles or a driver crashing into an object or pedestrian. Automobile accidents are the leading cause of personal injury litigation, generating the largest revenue stream for personal injury lawyers.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

This industry comprises legal practitioners (i.e. lawyers or attorneys) that primarily practice personal injury law.

What's included in this industry?

Products and services covered in the Personal Injury Lawyers & Attorneys industry in the United States include Automobile accidents law services, Medical malpractice law services, Personal injury (marine) law services, Personal injury (airline) law services, Negligence law services, Tort law services and Workplace injury law services.

Companies

Companies covered in the Personal Injury Lawyers & Attorneys industry in the United States include .

Purchase this report to view all major companies in this industry.

Related Terms

Related terms covered in the Personal Injury Lawyers & Attorneys industry in the United States include litigation, medical malpractice, personal injury and structured settlement.

Industry Code

NAICS 2017

NAICS 541110 - Personal Injury Lawyers & Attorneys in the US

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

An incline in vehicle drivers and accidents drives core revenue growth. Personal injury lawyers benefited from a higher caseload of automobile accident cases, buoyed by incli...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2015-2024) and forecast (2025-2030)
  • Employees, including historical (2015-2024) and forecast (2025-2030)
  • Businesses, including historical (2015-2024) and forecast (2025-2030)
  • Profit, including historical (2015-2025)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Automobile accidents are personal injury law firms’ bread and butter. The segment continues to be a core revenue stream due to higher proliferation of drivers and frequency o...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2025
  • Product innovation level

Charts

  • Products & services segmentation in 2025
  • Major market segmentation in 2025

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

The Southeast houses a considerable share of lawyers. Since personal injury lawyers deal directly with clients, access to a larger population generates higher demand for thei...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each state
  • Share of population compared to establishments in each region in 2025

Tables

  • Number and share of establishments in each state in 2025
  • Number and share of revenue each state accounts for in 2025
  • Number and share of wages each state accounts for in 2025
  • Number and share of employees in each state in 2025

Detailed analysis

  • Geographic spread of the industry across North America, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Competition between personal injury law firms is intense. Successful firms leverage their reputation to win over potential clients, with law firms that deliver consistent res...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2020-2025
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

There are no companies that hold a market share exceeding 5% in the Personal Injury Lawyers & Attorneys in the US industry.

Analyst insights

The average personal injury law firm employs about three people. As a result, no single law firm accounts for more than 5.0% of revenue and there is significant fragmentation...

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The American Bar Association regulates lawyers in all practices. Personal injury lawyers and attorneys must be registered with the ABA to legally practice, with additional re...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2015-2030) 
  • Assistance historical data and forecast (2015-2030) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Personal injury law firms incur high wage costs. Specialization and fierce competition for highly skilled professionals keeps wage costs rising, particularly as elevated inte...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Investment vs. share of economy

Data tables

  • Industry Multiples (2018-2023)
  • Industry Tax Structure (2018-2023)
  • Income Statement (2018-2023)
  • Balance Sheet (2018-2023)
  • Liquidity Ratios (2018-2023)
  • Coverage Ratios (2018-2023)
  • Leverage Ratios  (2018-2023)
  • Operating Ratios (2018-2023)
  • Cash Flow & Debt Service Ratios (2015-2030)
  • Revenue per Employee (2015-2030)
  • Revenue per Enterprise (2015-2030)
  • Employees per Establishment (2015-2030)
  • Employees per Enterprise (2015-2030)
  • Average Wage (2015-2030)
  • Wages/Revenue (2015-2030)
  • Establishments per Enterprise (2015-2030)
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Personal Injury Lawyers & Attorneys industry in the United States in 2025?

The market size of the Personal Injury Lawyers & Attorneys industry in the United States is $61.7bn in 2025.

How many businesses are there in the Personal Injury Lawyers & Attorneys industry in the United States in 2025?

There are 50,435 businesses in the Personal Injury Lawyers & Attorneys industry in the United States, which has grown at a CAGR of 0.8 % between 2020 and 2025.

How may import tariffs affect the Personal Injury Lawyers & Attorneys industry in the United States?

The Personal Injury Lawyers & Attorneys industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Personal Injury Lawyers & Attorneys industry in the United States?

The Personal Injury Lawyers & Attorneys industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Personal Injury Lawyers & Attorneys industry in the United States grown or declined over the past 5 years?

The market size of the Personal Injury Lawyers & Attorneys industry in the United States has been growing at a CAGR of 2.5 % between 2020 and 2025.

What is the forecast growth of the Personal Injury Lawyers & Attorneys industry in the United States over the next 5 years?

Over the next five years, the Personal Injury Lawyers & Attorneys industry in the United States is expected to grow.

What does the Personal Injury Lawyers & Attorneys industry in the United States include?

Automobile accidents law services and Medical malpractice law services are part of the Personal Injury Lawyers & Attorneys industry in the United States.

How competitive is the Personal Injury Lawyers & Attorneys industry in the United States?

The level of competition is high and steady in the Personal Injury Lawyers & Attorneys industry in the United States.

Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in the US include: 

  • US Census Bureau
  • US Bureau of Labor Statistics
  • US International Trade Commission

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

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