{"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:\/\/www.taylorroot.com\/de\/market-insight\/salary-guide\/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:\/\/www.taylorroot.com.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. 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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":[40,42],"tags":[],"hd_author":[],"class_list":["post-289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insight","category-salary-guide"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.2 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lawyer salary survey reveals great disparity in incomes | Taylor Root<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.taylorroot.com\/de\/market-insight\/salary-guide\/lawyer-salary-survey-reveals-great-disparity-in-incomes\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lawyer salary survey reveals great disparity in incomes\" \/>\n<meta property=\"og:description\" content=\"This article first appeared in&nbsp;The Australian&nbsp;at 12:00AM July 14, 2017. 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