Hey guys,
This has been out since September but since I haven't seen anyone comment on it I thought it would be worth posting. It's a paper published annually by Reuters and Melbourne Law school:
http://insight.thomsonreuters.com.au/resources/resource/state-of-the-australian-legal-market-2017
The study is based on financial data of 18 law firms (this doesn't include Shine or Slaters to my knowledge). There's plenty of interesting information on the legal sector broadly but nothing specific to PI. The most encouraging part is that in 2017 the overall legal market stopped shrinking (it's been declining overall for most of the last decade).
Here's some highlights...
Note that Shine is of equivalent scale to their "Big 8" firms in terms of # fee earners.
Note Shine fits primarily within the "Dispute Resolution" category
Slaters and listed firms get a mention:
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