The legal services turnover in Austria has shown consistent growth from 2014 to 2023 with a notable increase in value from €511.5 million to €782.0 million. The annual growth rate has varied over the years, peaking in 2018 with a 10.65% increase and decreasing slightly to a 3.29% increase in 2023. The Compound Annual Growth Rate (CAGR) has also decreased from 4.15% in 2014 to 2.47% in 2023.
Future trends to watch for include continued moderate growth with a forecasted 2.32% 5-year CAGR from 2024 to 2028, suggesting stable yet subdued expansion, leading to an anticipated 12.16% growth by 2028.
