New Zealand Law Society

Navigation menu

Legal services revenue nears $3.5 billion

11 July 2018

Income from legal services totalled $3.464 billion in the year to 30 June 2017, according to provisional information released by Statistics New Zealand.

The information, from the Annual Enterprises Survey, shows this was up by 4.6% from the previous year.

Total expenditure was estimated at $2.002 billion of which $1.042 billion (52%) was salaries and wages paid. The salary and wage expenditure was up 6.5% from the previous year.

Statistics New Zealand estimates the total before-tax profit for legal services at $1.211 billion - up 8.2% on the previous year.

Legal Services Annual Enterprise Survey ($ million) (provisional)
Measure201720162015
Total Income3,4643,3113,059
    
Interest and dividends303635
Indirect taxes787
Depreciation484645
Salaries and wages1,2611,1841,042
Purchases and operating expenses864896827
Non-operating expenses282246
Total expenditure2,2592,1932,002
    
Opening stocks384753
Closing stocks444839
    
Surplus before tax1,2111,1201,044

Last updated on the 11th July 2018