find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
More salary increases to come

More salary increases to come

Most firms will increase salaries by the end of 2010, according to the latest salary and employment forecast.Improved market conditions are expected to generate a measured increase in salary…

Most firms will increase salaries by the end of 2010, according to the latest salary and employment forecast.

Improved market conditions are expected to generate a measured increase in salary levels across the legal profession, according to the latest Michael Page Legal Salary and Employment Forecast.

The employment forecast indicated that over half of companies sur­veyed intend to increase employee salaries in the next six months by between three and six per cent, while some firms are considering more significant increases to re-balance the shortfalls and freezes that took place during the economic downturn, evident in the private practice mar­ket in particular. Despite such increases, in-house salaries still remain higher when compared to the private practice market.

The employment outlook, according to the forecast, shows positive but measured jobs growth for the remainder of 2010 with 69 per cent of companies indicating their employee numbers will remain stable over the next six months.

With firms starting to struggle with under-resourcing issues, the fore­cast revealed that some top performers within the industry are now being offered new and even multiple opportunities as companies begin to expand their capabilities in strategic areas.

From a global perspective, some US and European investment banks have centralised components of their legal work in the Asian region and with market conditions contin­uing to improve, the forecast says offices in Sydney are now being used to support increased work volumes.

According to the forecast; "In general terms, companies are look­ing to secure well trained, skilled lawyers with two to six years of experience who can add value quickly in sectors such as insur­ance, litigation and regulation."

The forecast also predicts increasing opportunities for in-house senior associates in sectors such as IT, construction, infra­structure, compliance, regulatory and some banks. "In-house roles typically require about four to eight years experience, as companies prefer to secure experienced lawyers who can handle legal issues that would otherwise need to be outsourced," it said.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

More salary increases to come
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...