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Bad news on income front, study shows

Thursday, April 21, 2016 @ 8:00 PM | By Cristin Schmitz

The professional income of most self-employed lawyers in Canada is trending downward — with earnings typically peaking between the ages of 48 and 52 and then stagnating or decreasing “significantly” after age 56, particularly for high earners, reveals a recent federal Department of Justice (DOJ) analysis.

Self-employed lawyers between the ages of 35 and 69 reported an average net professional income in 2014 of $211,730 — up slightly from the year before, but down from $223,020 in 2010, $216,965 in 2011 and $218,820 in 2012, according...