find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
My Next Move: Getting timing right for the best offer

My Next Move: Getting timing right for the best offer

With Kenneth Willis, consultant, Randstad Legal. It is both realistic and reasonable to expect that someone who studies a difficult degree and works long hours in a commercial law firm is…

With Kenneth Willis, consultant, Randstad Legal.

It is both realistic and reasonable to expect that someone who studies a difficult degree and works long hours in a commercial law firm is motivated by financial reward, even if this is not the number one driver. Too often, the subject of salary is considered anywhere from crass to completely taboo - a smidgeon of sincerity on the topic is thus both refreshing and helpful for good candidates and employers alike.

Significant disparities still exist between law firms for almost identical roles and it is not unreasonable per se to correct one's salary by changing employer. However, even for those who accept this, a number of misconceptions exist, the greatest of all being timing of the move.

It is commonly assumed that the best time to move is immediately after one's annual salary review. While it is true that more "urgent" vacancies tend to become available around the end of financial year, there is never a bad time to move if one of the motivators is correcting a bottom-of-market salary package.

Those law firms that pay at the higher end of the market are fully aware of their position; they do so because they consider it vital to their competitiveness and performance and they have rightly concluded that attracting top talent comes partly from paying top salaries.

Most importantly, law firms that pay the competitive salaries do not simply pay a premium based on a candidate's present salary. They are in their competitive position as they have better information about their competitors, including EOFY salary increases that the candidate can expect at their present firm.

It is unlikely that any candidate will move purely for money and such a move would be most ill-advised, even where one is blatantly underpaid, as this would almost certainly be accompanied by a number of cultural issues of far greater importance than salary. However, the ideal role can arise at any time and candidates are not obliged to wait for a less-than-satisfactory salary increase to start their search.

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

My Next Move: Getting timing right for the best offer
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
APPOINTMENTS
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'...
opinion
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...
Help
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 & ...