Solicitors - Yorkshire
Our unique position in the legal marketplace has allowed us to compile the following table:
| SOLICITORS IN PRIVATE PRACTICE - YORKSHIRE - 2008 |
| |
small/med GP |
med/large GP small/med Commercial |
larger Commercial |
| PQE |
£000's |
£000's |
£000's |
| NQ |
23-29 |
29-34 |
38-41 |
| 1 |
24-30 |
31-36 |
40-44 |
| 2 |
27-32 |
35-43 |
43-49 |
| 3 |
29-36 |
37-45 |
46-52 |
| 4 |
31-40 |
43-50 |
51-58 |
| 5 |
33-46 |
47-56 |
57-64 |
| 6 |
40-54 |
55-60 |
58-70 |
| Sal. Ptr. 1st yr. |
40-60 |
55-75 |
70-120 |
| Prof. Sup.Lawyer |
N/A |
N/A |
55-80 |
Notes
In a 'Candidate Driven' marketplace, the following areas are still more likely to attract a premium: Corporate Finance, Banking, PFI, Competition, Pensions, Tax and more recently Commercial Property. This is often because of one or more of the following reasons:
- Shortage of good candidates
- 'Magic Circle' City candidates
- Relocation
- Bringing a following
- Outstanding billing performance
- Strong track record of introducing new work to the firm
In terms of bonus, this may be awarded to all employees if a firm has enjoyed an increased turnover.
It has also come to our attention now that certain firms have abandoned set structures of salaries for 1 year PQE plus and merely tie any salary reviews to billing levels within a lose banding system.