The latest firm spy update has it all partner earnings at Mallesons, Minters, Freehills, Clutz and Blakes.? Also while Mallesons partners earn squillions Firm spy suggests they sacked up to 200 staff. And in Qld read about the legal academic who flashed her bum at a judge in court !
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All the news that’s not fit to print at? http://firmspy.com/
Hard Time in Middle Earth; Mallesons Redundancies ?Closer to 200?
September 25th, 2009
Following yesterday?s post profiling the Mallesons voluntary redundancy program, we received these comments from an anonymous Mallesons spy: middle earth ?for a few hours this morning the entire productivity of the firm [Mallesons] came to a screeching halt as all employees – well, at least those still with us – scoured the intranet searching for the names […]
Harmers Workplace Lawyers Warn Major Corporates on Redundancies
September 25th, 2009
Harmers Workplace Lawyers partner Shana Schreier-Joffe has sent a blunt warning to corporates downsizing and restructuring; tell your staff what is happening or face the prospect of legal action. As noted by the Daily Telegraph, Schreier-Joffe believes businesses: lay them off at your own peril ?that withhold information about plans, especially any potential restructuring or difficult financial circumstances, could […]
Sourthern Cross University Law Lecturer Flashes Bum at Queensland Judge
September 25th, 2009
After reporting a few weeks ago the news that a Victoria University Law Lecturer allegedly swapped sex for marks,? it emerged yesterday that yet another bottom-of-the-barrel saga is set to further tarnish Australia?s educational reputation. Southern Cross University Law Lecturer Megumi Ogawa exposed her ample derriere at a judge at the conclusion of her trial on the […]
Too Deep, Too Late; Mallesons ?Fellowship? Rue Mass Redundancies
September 24th, 2009
You?ll recall the announcement on July 30 that Mallesons was calling on employees to volunteer for redundancies. That announcement was accompanied by a categorical statement from Chief Executive Warlock Partner Robert Milliner that ?despite contradictory reports?, the market for legal services would ?remain subdued? into the future. Gandalf preparing to cut the staff Those ?contradictory reports? appear […]
Firm Spy Downlow Award – Allens Arthur Robinson
September 23rd, 2009
We thought it appropriate, in this huge week of Australian Rules Football, to pay homage to our national sport with the inaugural Firm Spy Downlow Award. The Firm Spy Downlow Whereas the Brownlow is awarded to the fairest and best player in the AFL, the Firm Spy Downlow is awarded to the corporate firm whose conduct over […]
How Much Do Mallesons Partners Earn? AFR Law Firm Profit Survey
September 22nd, 2009
Thanks to the AFR for the following profile: Partner Remuneration System Lock-step, virtually full equity partnership Partner Pay For 2008/09 Most of its equity partners earned $1,400,000.00 to $1,600,000.00. Entry-level partners earned $380,000.00 to $400,000.00. Pay Estimated Profit Margin = 44% i see ? another international merger! Estimated Profit = $244,000,000.00 Estimated Profit Per Lawyer = $270,000.00 Estimated Profit Per Equity Partner = $1,300,000.00 Revenue Revenue 2008/09 = $553,000,000.00 Revenue Change = +1.5% Revenue Per Lawyer = $610,000.00 Revenue Per Partner = $2,920,000.00 Revenue Per Equity Partner = $2,940,000.00 The Verdict Even though Mallesons is head and shoulders above its competitors in terms […]
How Much Do Minter Ellison Partners Earn? AFR Law Firm Profit Survey
September 22nd, 2009
Thanks to the AFR for the following profile: Partner Remuneration System Performance-based with a bonus. Partnership size dwarfs its rivals. Partner Pay For 2008/09 The firm paid a bonus to many partners last year, for the third year in a row. The very top equity partners took home $1,450,000.00, while about 40% got $1,100,000.00, inclusive of bonus, last year. Pay Estimated Profit Margin = 40% Estimated Profit = $197,000,000.00 the faces […]
How Much Do Freehills Partners Earn – AFR Law Firm Profit Survey
September 22nd, 2009
Thanks to AFR for the following profile: Partner Remuneration Survey Performance-based, full equity partnership. Partner Pay 2008/09 The top partners are said to draw $1,900,000.00 after bonuses are distributed, while most 120-point partners receive between $1,400,000.00 and $1,500,000.00. Entry-level partners receive $380,000.00. Pay Estimated Profit Margin = 41% Estimated Profit = $202,000,000.00 steady revenue this year Estimated Profit Per Lawyer = $260,000.00 Estimated Profit Per Equity Partner = $980,000.00 Revenue Revenue 2008/09 = $493,000,000.00 Revenue Change = 0% Revenue […]
How Much Do Clayton Utz Partners Earn? AFR Law Firm Profit Survey
September 22nd, 2009
Thanks to the AFR for the following profile: Partner Remuneration System Lock-step model. Partner Pay 2008/09 The best equity partners pulled in between $1,400,000.00 and $1,600,000.00, with the lowest starting on $450,000.00. Fixed-share partners, who make up two-fifths of the partnership, received between $300,000.00 and $400,000.00. Pay Estimated Profit Margin = 46% reverting to old PCs after cuts in discretionary spending Estimated Profit = $225,000,000.00 Estimated Profit Per Lawyer = $260,000.00 Estimated […]
How Much Do Blake Dawson Partners Earn? AFR Law Firm Profit Survey
September 22nd, 2009
Thanks to the AFR for the following profile: Partnership Remuneration System Performance-based across eight levels, up from six, with a bonus. Partnership Pay 2008/09 The lowest level partners drew $380,000.00 and the highest $1,200,000.00, with the handful of fixed-share partners taking between $300,000.00 and $700,000.00. No bonuses were paid last year after a restructure of the remuneration system but they are expected to […]
