Credit: Feodora/Adobe StockCorrs and Effect: Why Pay for Top Partners is Rising in Australia
A pay war has emerged at the top end of the market as competition for top partners increases.
December 09, 2024 at 07:35 PM
5 minute read
Pay for the best-performing partners in Australia has surged in the past couple of years, with some firms now paying A$6 million ($3.9 million) or more to attract and retain lawyers with sizable practices.
Observers say the aggressive push by Corrs Chambers Westgarth to hire top partners and climb into the upper echelons of Australian law firms along with competition from international firms is spilling over into higher pay for the most profitable partners at other firms.
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