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
Freehills staff set for 2010 bonus

Freehills staff set for 2010 bonus

Freehills staff have been told today that although their firm's profits are expected to drop this financial year, they will still be invited to participate in two salary reviews in 2010 with…

Freehills staff have been told today that although their firm's profits are expected to drop this financial year, they will still be invited to participate in two salary reviews in 2010 with bonuses also expected to be addressed halfway through the calendar year.

According to the email sent by Freehills CEO Gavin Bell, and acquired by Lawyers Weekly today, the firm has seen "commercial recovery in the marketplace" and will, against this backdrop, conduct a salary review in March 2010, and later again in June.

Bell wrote today that partner profits are expected to drop this financial year, but that if by June 2010 the firm is performing well and profit is above that of the 2008/9 financial year, then this will be shared across staff in an equitable way.

A firm wide salary freeze has been in place at Freehills since March 2009, when Bell told staff that the firm had not been hit hard by the GFC but that he would "rather anticipate what might happen and be in a position to deal with it proactively as it happened".

Bell stated today that the imposed salary freeze was a difficult decision the firm made to protect jobs during the economic downturn and that "we always intended to regularly review this position and lift the freeze as soon as it became sensible to do so".

He said the two salary reviews will allow for the firm to take account of any change in performance and external market factors, and noted that the purpose of both reviews will be to reward according to individual performance as well as market rates, budgetary guidelines, firm performance and business/economic factors.

The news comes after Mallesons last week confirmed a firm-wide bonus based on a percentage of each staff members salary - after previously imposing a firm-wide salary freeze in May.


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

Freehills staff set for 2010 bonus
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
microphone
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....
protest
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...
Blocked
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
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 & ...