Lawyer pay flatlines in Australia

The number of firms planning to give salary increases above the rate of inflation is taking a substantial dip in 2014, according to the ALPMA Australasian Legal Industry Salary and HR Issues Survey Report.

29 May 2014

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Only 33 per cent will exceed the Consumer Price Index, down 15 per cent on 2013. Meanwhile, 40 per cent will match the Index rise, 22 per cent plan a partial wage freeze and 4.5 per cent are heading for a full wage freeze. Anthony Bleasdale, president of the ALPMA (Australasian Legal Practice Management Association) said that firms are being ‘prudent’. He added: ‘Salaries make up a significant portion of overhead costs, and firms are ... endeavouring to do more with the same or less resources.’ Source: Lawyers Weekly