No surprise there then. The? survey? showed an average 4.6% increase in Australia across all the salary bands whilst partner earnings increased on average by 11.1%
Here’s how Law Fuel NZ report on the findings
http://www.lawfuel.co.nz/news/article.asp?NewsID=402
and you can down load the findings at?? http://www.mahlab.com.au/09/?pageID=226
?
Private practice lawyer salaries have remained largely unaffected by the recent economic uncertainty, according to a survey by Mahlab Recruitment.
The study surveyed hundreds of Australian law firms and found that most salary bands observed an average 4.6% increase nationally.
Although there has been a market slump in the US and UK, it had not impacted upon the Australian market until the very end of the 2007-2008 financial year. Growth in the resources and energy sectors has helped counter this.
Partner earnings increased on average by 11.1% nationally, compared to 7.1% for the previous period. Individual salaries rose 20.4%, an increase from 14% in 2007 and 8% in 2006.
Research also revealed that salary bands in Brisbane and Perth have increased significantly more than in Melbourne and Sydney. Nationally, individual salaries increased by 20.4%.
In addition to this, 26% of respondents received a bonus and a third of firms have introduced structured bonus schemes, where lawyers are rewarded on the basis of their achievement.
A surprising 52% are considering leaving their current employer: 28% are contemplating working at a large firm, 23% want to go to a smaller or boutique firm and 21% want to work overseas.
Of those who want to go overseas, 48% want to go to the UK, 19% to the USA, 10% to Asia and 9% to the Middle East.
