{"id":289,"date":"2017-07-13T07:59:00","date_gmt":"2017-07-13T07:59:00","guid":{"rendered":"https:\/\/sites.thesrgroup.com\/taylorroot\/?p=289"},"modified":"2022-06-30T14:41:28","modified_gmt":"2022-06-30T14:41:28","slug":"lawyer-salary-survey-reveals-great-disparity-in-incomes","status":"publish","type":"post","link":"https:\/\/srgroup.highrise.digital\/nl\/markteinblicke\/lawyer-salary-survey-reveals-great-disparity-in-incomes\/","title":{"rendered":"Lawyer salary survey reveals great disparity in incomes"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">This article first appeared in&nbsp;<em>The Australian<\/em>&nbsp;at 12:00AM July 14, 2017. Written by Chris Merritt, Legal Affairs Editor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The latest salary survey has revealed a major divide within the legal profession, with some lawyers receiving record offers while the sector as a whole is making do with modest pay rises.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sign-on bonuses are being \u00adoffered to the best-performing solicitors, and equity partners at the top eight firms are on annual incomes of between $700,000 and $2 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The income divide is the highlight of the salary survey produced by legal recruiter Taylor Root, which found most firms expect to offer their solicitors pay rises ranging from 4 to 7 per cent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cHowever, in some practice areas we have seen record-breaking offers \u2014 sometimes including sign-on bonuses \u2014 and very high salary increases to attract and retain the best people,\u201d the survey says.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The survey found top-tier firms in Sydney are still paying higher salaries than their interstate counterparts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But it also found that in the top two salary bands covered by the survey Melbourne has been overtaken by Canberra as the city with the second-highest incomes for employed solicitors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The survey shows that third-year senior associates at top-tier firms are earning up to $210,000 in Sydney, $192,000 in Canberra, $190,000 in Melbourne, $174,000 in Brisbane, $170,000 in Perth and $165,000 in Adelaide.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The highest starting salaries for graduates \u2014 $82,000 \u2014 are being offered by top-tier firms in Sydney and Melbourne. The lowest starting salaries in the top tier \u2014 $50,000 \u2014 are being offered in Adelaide.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Taylor Root partner Tim Fogarty said demand for partners was \u201cinsatiable\u201d, particularly from those mid-tier firms where profitability \u201cis through the roof\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There was also an undersupply of senior associates from good firms, particularly those with a background in property, banking, construction or corporate law.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIf you are in the sweet spot of having, say, three or four years experience \u2014 up to about 10 years experience \u2014 then there are lots of opportunities at a whole range of law firms,\u201d said Mr Fogarty.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For your copy of our 2017 Private Practice Salary Guide, please contact&nbsp;<a href=\"https:\/\/srgroup.highrise.digital.au\/consultants\">our team<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This article first appeared in&nbsp;The Australian&nbsp;at 12:00AM July 14, 2017. Written by Chris Merritt, Legal Affairs Editor. The latest salary survey has revealed a major divide within the legal profession, with some lawyers receiving record offers while the sector as a whole is making do with modest pay rises. Sign-on bonuses are being \u00adoffered to [&hellip;]<\/p>\n","protected":false},"author":350,"featured_media":290,"comment_status":"open","ping_status":"open","sticky":false,"template":"templates\/post-original.php","format":"standard","meta":{"_acf_changed":false,"_cn_metabox_post_checkbox_dont_send_once":false,"_cn_metabox_post_checkbox_dont_send_ever":false,"footnotes":""},"categories":[214,223],"tags":[],"hd_author":[],"class_list":["post-289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markteinblicke","category-gehaltsstudien"],"acf":[],"_links":{"self":[{"href":"https:\/\/srgroup.highrise.digital\/nl\/wp-json\/wp\/v2\/posts\/289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/srgroup.highrise.digital\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/srgroup.highrise.digital\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/srgroup.highrise.digital\/nl\/wp-json\/wp\/v2\/users\/350"}],"replies":[{"embeddable":true,"href":"https:\/\/srgroup.highrise.digital\/nl\/wp-json\/wp\/v2\/comments?post=289"}],"version-history":[{"count":0,"href":"https:\/\/srgroup.highrise.digital\/nl\/wp-json\/wp\/v2\/posts\/289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/srgroup.highrise.digital\/nl\/wp-json\/wp\/v2\/media\/290"}],"wp:attachment":[{"href":"https:\/\/srgroup.highrise.digital\/nl\/wp-json\/wp\/v2\/media?parent=289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/srgroup.highrise.digital\/nl\/wp-json\/wp\/v2\/categories?post=289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/srgroup.highrise.digital\/nl\/wp-json\/wp\/v2\/tags?post=289"},{"taxonomy":"hd_author","embeddable":true,"href":"https:\/\/srgroup.highrise.digital\/nl\/wp-json\/wp\/v2\/hd_author?post=289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}