find the latest legal job
Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
View details
Academic Dean and Head of School of the TC Beirne School of Law
Category: Other | Location: Brisbane QLD 4000
· An outstanding opportunity · Provide educational, research and organisational leadership
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: Arncliffe NSW 2205
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: All Sydney NSW
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: Sydney NSW 2000
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
In-house lawyers feel the squeeze

In-house lawyers feel the squeeze

A major survey of corporate lawyers has found that many in-house departments have been doing more with less this year.

Taylor Root released its In-House Legal Commerce & Industry Market Update & Salary Guide 2013 yesterday (12 November).

The survey featured the responses of more than 300 general counsels and in-house legal heads from a range of industries, including IT/telco, media and entertainment, energy and resources and fast-moving consumer goods (FMCG).

The survey painted a glum picture of the in-house recruitment market.

It found that less than 25 per cent of companies surveyed recruited lawyers into their in-house team, compared to almost 50 per cent last year.

The survey stated that “this trend confirms that most legal teams and in-house lawyers are now asked to do more work with fewer resources available”.

“In certain sectors, yes, this has been a slow year for in-house legal roles, although it’s not doom and gloom across the board,” Taylor Root manager Brian Rollo told Lawyers Weekly. “There are certain sectors that have been fairly active this year, such as energy and resources, mining, and construction and technology, while others have been noticeably quiet.”

Rollo, who heads the firm’s in-house recruitment team in Sydney, said property, manufacturing, media and banking were sectors where demand was down this year.

One third of respondents also said they had been in a “hiring freeze” at some point over the past 12 months.

However, Rollo does not believe the trend of doing “more with less” is leading to a greater rate of burnout among in-house lawyers.

“The tendency will be for legal teams to outsource and project manage the legal work in those circumstances, rather than spending endless hours in the office doing the additional work internally,” he said.  “This explains why there has been a more buoyant private practice market this year in comparison to in-house legal.”

Riding the resources boom while it lasts

The report found that companies in Western Australia and Queensland have been the most active in-house recruiters this year. Perth offered the most significant salary increases, with many WA-based in-house roles now paying more than equivalent positions in Sydney or Melbourne.

An energy and resources lawyer with six to 10 years post-qualified experience (PQE) can expect to earn $165,000 to $250,000 in Perth, compared to $160,000 to $240,000 in Sydney and Melbourne.

Perth-based lawyers with 10 or more years PQE can also expect to earn more than their Sydney and Melbourne counterparts in trade and transport and property and construction.

While the money is good for in-house lawyers in WA and Queensland in industries associated with resources, the number of available roles might be dwindling.

“Perth and Brisbane are already showing signs of a real slowdown in demand for resources lawyers,” said Rollo.

The survey found that 90 per cent of respondents were awarded a performance-related bonus in the past 12 months, with more than 60 per cent of those bonuses being up to 20 per cent of annual base salary.

The Taylor Root analysis excluded banking and finance lawyers.

Like this story? Read more:

Book commemorates diamond milestone for WA law society

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

NSW proposes big justice reforms to target risk of reoffending

In-house lawyers feel the squeeze
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Lawyers take to Twitter to share career stories
Jan 22 2018
Lawyers take to Twitter to share career stories
The #mypathtolaw hashtag has been embraced by legal eagles to swap stories with the Twitter communit...
Jan 22 2018
Legal body disappointed with DPP emails leaked to tabloid
The NSW Bar Association has expressed “profound disappointment” over leaked emails from the NSW ...
Gavel, legal book, criminal lawyers
Jan 19 2018
Three criminal lawyers named NSW magistrates
The NSW Attorney-General has announced the appointment of three new local court magistrates. ...
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 & ...