Launched in 2016, the council's Equitable Briefing Policy aims to track and measure targets relating to the percentage of female barristers briefed and the value of those briefs.
Nearly 520 law firms across Australia have adopted the policy.
In the last financial year, women barristers received at least 30 per cent of all briefs, the third year in a row the policy's goal has been met.
Women barristers were also recommended by another barrister 59 per cent of the time.
Law firms that have adopted the policy are optimising opportunities for all barristers with their efforts improving gender equality in the sector, council president Juliana Warner said.
"Despite the progress that has been made since the policy's inception, there is still more to be done, especially when it comes to overall briefing fee value," she said.
"The pay gap remains too wide ... while a number of entities reported paying more than the target of 30 per cent of all brief fees to women barristers, this remains a significant concern."
Ms Warner added while some of the findings were disappointing, there would not be access to this data without firms adopting the policy.
"The information and insight provided through the annual reports provides us a time series through which we can see where improvements are being made and where focus is still required," she said.
"A review of the Equitable Briefing Policy is currently underway to ensure it is appropriate and adapted to achieve its purpose."
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