find the latest legal job
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Legal Inhouse / Lawyer / Company Secretary
Category: Other | Location: Brisbane QLD 4000
· Fantastic Company · Potential to be Part Time / Flexible Work Pattern
View details
Part Time Risk & Compliance Officer
Category: Other | Location: Brisbane QLD 4000
· Brisbane City · Flexible Part Time Hours
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
Salaries still up despite economy down

Salaries still up despite economy down

Salaries are still on the increase in the Sydney legal market despite the economic downturn, according to a global salary survey. The survey undertaken by global recruiters Robert Walters…

Salaries are still on the increase in the Sydney legal market despite the economic downturn, according to a global salary survey.

The survey undertaken by global recruiters Robert Walters revealed that the market for recruitment at the start of 2009 is vastly different to how it started in 2008. There was s significant shift mid-year in the requirements for a successful candidate in line with the changing market conditions.

In the Sydney legal space, Robert Walters found that the second half of 2008 saw vacancies around financial services, alongside an increased demand for lawyers with experience in commercial litigation, insolvency, employment and insurance.

But even in areas of demand, Robert Walters reported a slowdown in vacancies by the end of 2008. Salaries, however, did continue to rise.

From a private practice salary perspective, the survey found that special counsel positions are particularly seeing a spike in salaries. In the top-tier firms, average salaries for special counsels rose from $160k+ in 2008 to $180k+ in 2009. While in mid-tier firms, special counsel salaries grew from $145k+ in 2008 to $160k+ in 2009

This year, Robert Walters said that lawyers can expect to see the sign-off on increased headcounts to take longer to approve as the market continues get more competitive.

Still, the recruitment market in general locally is not suffering anywhere near as much as it is overseas.

"The Australian recruitment market has slowed but not as severely as many overseas markets such as the UK, continental Europe and the USA," said James Nicholson, managing director of Robert Walters.

The Sydney aspect of the salary survey formed part of broader research into a number of different industries across the globe.

For the full report, see next week's edition of Lawyers Weekly.

- Angela Priestley

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

Salaries still up despite economy down
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Crowd
06:05
Anti-radicalisation programs playing ‘second fiddle’ to terrorism laws
Several academics have questioned the balance between Australia’s counterterrorism legislation and...
 William Ah Ket
06:00
‘Bamboo ceiling’ thought piece wins inaugural law prize
A paper that explores the idea of affirmative action to achieve greater diversity among members of A...
Nov 22 2017
Reduced investment protections will make robust commercial arbitration mechanisms all the more critical for investors
Promoted by Maxwell Chambers. This article discusses the current trend away from investor protect...
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 & ...