find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Legal services contributed $11b to economy

Legal services contributed $11b to economy

Australian legal services contributed $11 billion to the Australian economy and generated $18 billion in income last financial year, revealed the Australian Bureau of Statistics (ABS) on…

Australian legal services contributed $11 billion to the Australian economy and generated $18 billion in income last financial year, revealed the Australian Bureau of Statistics (ABS) on Wednesday.

Legal services employed nearly 100,000 people in Australia, including 5000 barrister businesses and nearly 10,000 employees in government solicitor or public prosecutor roles, legal aid commissions, community legal centres and Aboriginal legal services. Nearly 5000 people also volunteered at community and Aboriginal legal services.

At the end of June 2008, more than 15,000 legal service businesses and organisations were in operation, with barristers accounting for a quarter, while 73 per cent were other legal service businesses, including solicitor, patent attorney, notary, conveyancing and title searching.

Income from legal and legal support services accounted for approximately 91 per cent of all total income, while government funding amounted to a further 6 per cent.

Barristers had higher profit margin, of 73 per cent, relative to other legal services, which amounted to 31 per cent.

It is estimated that during the 2007/08 financial year barristers and other legal services provided 955,400 hours of pro bono work and, in addition, 2,000,000 hours of work was referred by legal aid commissions. This represents an average of 56 hours per practising barrister or solicitor during the financial year.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Legal services contributed $11b to economy
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Lawyers welcome same-sex marriage reform
Dec 11 2017
Lawyers welcome same-sex marriage reform
Australian lawyers have welcomed the recent legalisation of same-sex marriage, after a prolonged nat...
Senate disallows double standards for temporary visa holders
Dec 8 2017
Senate disallows double standards for temporary visa holders
Lawyers have welcomed the Senate’s rejection of regulations imposing strict penalties on temporary...
Handcuffs, freedom
Dec 7 2017
Queensland clocks up more breach of bail offences
A new report about sentencing trends in Queensland shows the number of offenders who have been sente...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...