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Clayton Utz lifts veil on rate hikes and equity handouts

Clayton Utz lifts veil on rate hikes and equity handouts

Clayton Utz has taken the unprecedented step of revealing its annual revenue, rate changes, and breakdown of partner numbers by equity and salary.

CLAYTON Utz has taken the unprecedented step of revealing its annual revenue, rate changes, and breakdown of partner numbers by equity and salary. 


In an annual review of the firm, released this morning, Clayton Utz has disclosed its annual revenue for the past year was $445 million, an increase on the previous year's $442 million. 


The firm has revealed that the 2012 financial year budget anticipates an overall rate increase of 3.7 per cent. 


In the past year, rates increased by an average 4.5 per cent, the firm has revealed. In the 2010 financial year, rates did not increase. 


The firm has also broken down staff numbers based on job title and gender, revealing that in the 2011 year, there were 144 male lawyers in the firm, compared to 221 female lawyers. There are 70 male senior associates at the firm, compared to 100 female. The number of male special counsel is 50, while there are just 41 female counterparts. However, there are 16 male consultants at the firm, compared to 17 female. The proportions of males to females in those corresponding roles was similar in the previous year. 


Women represent over 48 per cent of Clayton Utz partners and legal staff, the firm said. "We recognise the importance of having workplace initiatives and policies that support our female staff and allow them to advance their careers while balancing the competing demands of work and family life."


The firm recruited 33 male graduates and 45 female graduates in the past year, compared to 27 male and 51 female in the previous year. 


The firm's annual staff turnover is also reported. In the 2011 year, the voluntary turnover of staff and partners was 18.9 per cent, compared to 23.8 per cent in the previous year. 


Clayton Utz has also revealed its partner number breakdown by salary and equity. It currently has 203 partners, 170 of which have equity, compared to 195 in the 2010 financial year, 153 of which had equity. The firm has given 17 partners equity in the past year. 


The firm has also disclosed the statistics around its pro bono work in the past year. It opened 567 new pro bono files, and 774 Clayton Utz lawyers provided pro bono advice and representation. A total of 1064 pro bono files were conducted. 


In an incredible number breakdown, the firm reveals that 349,405 hours of pro bono work were performed since the firm's pro bono practice was started in July 1997. 


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