The Lawyer ’s first Salary Survey cover lawyers’ pay, base salaries, bonuses, benefits and pay satisfaction, as well as their wider career satisfaction and aspirations. We have unearthed eye-opening information about the effects on earnings of location, sector, experience and, of course, gender.
Precisely one-quarter of respondents to the survey work in-house – an area that is an increasingly popular and well-regarded career choice among lawyers.
Salaries for newly-qualified solicitors are more transparent than those further up the market, since firms tend to publish them as part of their efforts to woo the most talented graduates.
Across the UK, 72.4 per cent of lawyers received a pay rise in 2014-15. Salaries rose fastest in Scotland. North of the border, some 22.9 per cent of respondents got a pay rise of more than 10 per cent, compared with 15.9 per cent in London and 14.6 per cent nationally.
Overall, less than half – 46.2 per cent – of all respondents to the survey received a bonus last year. This overall figure was skewed by in-house respondents, however, who were far more likely to get one.
Despite dissatisfaction with pay among many, the vast majority of lawyers – 93.4 per cent – are happy in their current practice area, and relatively few want to leave the profession.
Holiday allowances are fairly standard across the legal profession – and the entire UK workforce, for that matter. Some employers are slightly more generous than others when it comes to paid leave but they stay within fairly basic parameters.
In 2014, Lawyer 2B ran a stress survey. With more than 500 responses, it sparked a good deal of debate about mental wellbeing in the profession.
Gateley bigshots see personal wealth soar on flotation, but face penalties for early exit .
The fourth The Lawyer and BLP roundtable event, hosted at the recent GC Strategy Summit in Lisbon, explored how in-house teams can retain and engage the best talent.
Duty of candour can bring honesty, sympathy and openness needed to vastly improve health care download subscription
Known as the ‘duty of candour’, the new guidelines make clear that patients should expect a face-to-face apology.
King & Wood Mallesons (KWM) regulatory partner Gregg Beechey has become the latest lawyer to exit the firm this week, set to join Fried Frank Harris Shriver & Jacobson in London.
Paul Hastings has hired a nine-strong team in New York and Washington, DC, led by Ashurst co-head of securities and derivatives Scott Faga and US managing partner Eugene Ferrer, to build its structured finance capability.
Oil giant BP has agreed to pay $18.7bn (£12bn) to settle claims arising from the 2010 Deepwater Horizon oil spill, the biggest environmental penalty in history.
This week the Dentons and McKenna Long & Aldridge merger officially completed, cementing Dentons’ standing as the biggest law firm in the world. CEO Elliott Portnoy and chairman Joe Andrew tell The Lawyer about future merger plans and why their strategy will cement Dentons’ future in the legal world.
It’s not true that the legal industry is behind the times – in fact, innovation has always been a big part of what makes law such a satisfying profession.
Life has been tough for the public sector in the past few years, with spending cuts hitting home.
Lawyers must champion IT and infrastructure innovation to maintain the capital’s status as the pre-eminent disputes resolution centre.