8667.0 - Legal Practices, Australia, 2001-02
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 25/06/2003
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Legal profession generates $10,600 million in income
Legal practices and organisations generated $10,600m in income, and contributed 1.1% to the Australian Gross Domestic Product (GDP) in the period 2001-2002, according to figures released today by the Australian Bureau of Statistics.
Of the $10,600m in income, Government solicitor and public prosecutor organisations contributed $414m, legal aid authorities $326m and patent attorney practices $288m.
In 2001-2002, there were 36,000 legal practitioners employing 58,000 staff within the 11,000 legal services practices and organisations across Australia.
Of the 36,000 legal practitioners:
Barrister practices experienced higher operating profit margins than solicitor practices, 66.5% and 29.7% respectively.
In 2001-2002 (see Media Note):
Further information is in Legal Practices, Australia, 2001-02 (cat. no. 8667.0).
Media Note: Pro bono figures should be used with caution, legal practices generally did not maintain records in this area and therefore estimated its value.
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