Law firms play catch up to the corporates – The Mahlab Report 2019
The annual Mahlab Report is the definitive guide to the industry’s remuneration and employment trends. The report encapsulates remuneration information post 1 July salary reviews and builds on a long tradition of gathering, analysing and informing the legal industry about movements across the profession on remuneration, areas of demand and employment trends.
This year’s report reveals a wider than ever discrepancy between conditions for lawyers in corporate and law firm practice.
Strong growth in in-house law compared to variable law firm ‘speeds’ means that competition for mid level lawyers is fiercer than ever.
Change and growth are the key themes for the private legal profession this year: growth in partner numbers, often by lateral recruitment and firm mergers and change in the range of offerings that law firms have added to their suite.
2019 saw in-house legal teams increase headcount to support business growth..
The 2019 salary trends for private practice and corporate lawyers are available now. We welcome you to contact us for tailored advice.
Lawyers paid a salary at the higher end of the bands are usually top performers and/or employees who bring with them an additional skill that is over and above..
We regularly bring corporate counsel together to discuss the challenges, concerns and opportunities facing legal professionals today.
We then share the insights of the discussion so that everyone in the profession can benefit…