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Vacancies for solicitors have increased, while the legal sector overall has increased 6.6 percent annually – earning over $3b.
Solicitors were the fastest growing occupation in the professionals industry, with a 62 per cent increase year-on-year (YOY) till August, according to new figures released by the Ministry of Business, Innovation and Employment.
MBIE’s Jobs Online Monthly Report for August 2015 – which looks at jobs advertised on SEEK, TradeMe Jobs, and the Education Gazette – found the ‘accounting, human resources, legal and administration’ industry showed a YOY increase of 9.5 percent, behind trailblazing sector ‘education and training’ – at 17.4 percent.
Meanwhile, the latest statistics show New Zealand’s legal services industry earns $3.05b annually – an increase of 6.6 percent on the previous year.
“New Zealand’s legal services industry is a small but important part of our economy,” New Zealand Law Society president Chris Moore told NZLawyer.
“While the data reflects the situation a year ago, I am sure our legal services sector has continued to grow.
“New Zealand has an innovative and high-performing legal profession which is able to provide a wide range of services to everyone – whether they are personal transactions such as buying a house, or commercial transactions such as a business acquisition.”
While the overall revenue of the sector was up, so was expenditure – with a total of $1.97b in expenses in the year to 30 June 2014 – up 8.1 percent.
This resulted in a surplus before income tax of $1. 086b.
“A healthy industry is one which grows and the latest figures for the legal sector show it is in very good health,” Moore said.
Solicitors were the fastest growing occupation in the professionals industry, with a 62 per cent increase year-on-year (YOY) till August, according to new figures released by the Ministry of Business, Innovation and Employment.
MBIE’s Jobs Online Monthly Report for August 2015 – which looks at jobs advertised on SEEK, TradeMe Jobs, and the Education Gazette – found the ‘accounting, human resources, legal and administration’ industry showed a YOY increase of 9.5 percent, behind trailblazing sector ‘education and training’ – at 17.4 percent.
Meanwhile, the latest statistics show New Zealand’s legal services industry earns $3.05b annually – an increase of 6.6 percent on the previous year.
“New Zealand’s legal services industry is a small but important part of our economy,” New Zealand Law Society president Chris Moore told NZLawyer.
“While the data reflects the situation a year ago, I am sure our legal services sector has continued to grow.
“New Zealand has an innovative and high-performing legal profession which is able to provide a wide range of services to everyone – whether they are personal transactions such as buying a house, or commercial transactions such as a business acquisition.”
While the overall revenue of the sector was up, so was expenditure – with a total of $1.97b in expenses in the year to 30 June 2014 – up 8.1 percent.
This resulted in a surplus before income tax of $1. 086b.
“A healthy industry is one which grows and the latest figures for the legal sector show it is in very good health,” Moore said.