The pay disparity between boutique and BigLaw starters revealed

By Emma Ryan|14 August 2018
wallet australian dollar 100 pay dispariry between boutique and top tier law firm

A new salary guide has highlighted a considerable difference between the lawyers starting off their careers in a top-tier firm versus those at a boutique.

Gatehouse Legal Recruitment has just released its 2018–2019 Private Practice/Australia Salary Guide, utilising a compilation of salary and market information to determine the pay packets of lawyers at different levels of experience and place of work, including superannuation but not other bonuses or benefits.

Advertisement
Advertisement

The guide showed that lawyers first starting out with a top-tier in Melbourne earn between $70,000–$85,000. In Sydney top-tiers, those in their first year practising earn between $75,000–$90,000.

By stark comparison, those lawyers first starting out at a boutique law firm in Melbourne earn between $55,000–$75,000, while those in Sydney earn $60,000–$75,000, the report found.

SPONSORED CONTENT

Similarly, the pay disparity between partners at boutiques and those at top-tiers was also evident in the report.

At partner level in a top-tier firm in Melbourne, employees earn above $300,000 while those in Sydney earn above $320,000. In comparison, at a partner level at a boutique in Melbourne, employees earn above $200,000 and in Sydney, above $220,000 – this paints a potential $100,000 difference between partners at boutiques and partners at BigLaw in terms of salary.

The guide also offered an insight into the earnings of those first starting out at a mid-tier. In Melbourne, new starters can expect anywhere between $65,000–$80,000 if employed by a mid-tier, whereas in Sydney they can expect between $70,000–$85,000.

At a mid-tier partner level, Melbourne-based professionals can expect above $275,000 while Sydney-based professionals can expect a salary above $300,000. 

 

To learn more about the issues affecting boutique law firms and lawyers in Sydney and Melbourne, be sure to attend the Boutique Law Summit 2020. Book your early bird tickets here.
 
The pay disparity between boutique and BigLaw starters revealed
Intro image
lawyersweekly logo
Big Law

latest

Female barristers

Female barristers receive more briefs but fall short on fees

Lawyer X police prosecutions doubtful

Lawyer X police prosecutions doubtful, IBAC says

UK case may give rise to insurance payouts in Australia

UK case may give rise to insurance payouts in Australia

Stevie Ghiassi

Legaler donates over $2m in software

FROM THE WEB
Recommended by Spike Native Network