Let’s kick off this fabulous Friday with a revised version of our report into Freehills lawyer salaries. Together with Minter Ellison, Freehills is Australia’s equal second largest firm by revenue. In 2008/2009, the firm reported revenue of $493million.
Top partners are reported to have earned $1,900,000.00.
This is how they apparently remunerate their staff.
Firm Spy cannot confirm these statistics. They come from anonymous sources.
Sydney
Graduate
Admitted 2009. Daily billable target – 4.5 hours. Gross package 2008/2009 – N/A. Gross package 2009/2010 – $70,000 + 9%. Perks – blackberry; free gym; subsidised further education
0-1 Years PQE
Admitted between July 2008 and June 2009. Daily billable target – 7.5 hours. Gross package 2008/2009 – $70,000. Gross package 2009/2010 – $70,000. Perks – free fruit; free gym; purchase additional leave; subsidised further education
1-2 Years PQE
Admitted between July 2007 and June 2008. Daily billable target – 5.5 hours. Gross package 2008/2009 – $68,500. Gross package 2009/2010 – $82,000. Perks – free lunch once per week; free gym; subsidised further education; purchase additional leave.
Several entries quote the above, while several quote the figures below. ??????????
Admitted between July 2007 and June 2008. Daily billable target – 6 hours. Gross package 2008/2009 – $85,000. Gross package 2009/2010 – $85,000. Perks – free fruit; free gym; subsidised further education
3-4 Years PQE
Admitted between July 2005 and June 2006. Daily billable target – 7.5 hours. Gross package 2008/2009 – $95,000. Gross package 2009/2010 – $95,000. Bonus – $5000. Perks – free fruit; free gym; subsidised further education
6-7 Years PQE
Admitted between July 2002 and June 2003. Daily billable target – 7.5 hours. Gross package 2008/2009 – $170,000. Gross package 2009/2010 – $185,000. Perks – blackberry; free fruit;; free gym; subsidised further education
10+ Years PQE
Admitted before 1999. Billable target – 7.5 hours. Gross package 2008/2009 – $205,000. Gross package 2009/2010 – $205,000. Bonus – $22,000. Perks – blackberry; free gym; subsidised further education
Melbourne
Graduate
Admitted after June 2009. Daily billable target – 4.5 hours. Gross package 2008/2009 – $63,000. Gross package 2009/2010 – $63,000. Perks – free fruit; purchase additional leave; subsidised further education.
0-1 Years PQE
Admitted between July 2008 and June 2009. Daily billable target – 6 hours. Gross package 2008/2009 – $64,000. Gross package 2009/2010 – $64,000. Perks – free fruit; subsidised further education
3-4 Years PQE
Admitted between July 2005 and June 2006. Daily billable target – 6 hours. Gross package 2008/2009 – $95,000. Gross package 2009/2010 – $98,000. Perks – free fruit; subsidised further education
4-5 Years PQE
Admitted between July 2004 and June 2005. Daily billable target – 6 hours. Gross package 2008/2009 – $115,000. Gross package 2009/2010 – $130,000. Perks – blackberry; free fruit; subsidised further education.
8-9 Years PQE
Admitted between July 2000 and June 2001. Daily billable target – 7 hours. Gross package 2008/2009 – $155,000. Gross package 2009/2010 – $155,000. Perks – blackberry; subsidised further education
Brisbane
Graduate
Admitted between July 2008 and June 2009. Daily billable target – 4.5 hours. Gross package 2008/2009 – $60,000. Gross package 2009/2010 – $60,000. Perks – free fruit; college of law; study leave; subsidised further education.
Perth
0-1 Years PQE
Admitted between July 2008 and June 2009. Daily billable target – 6 hours. Gross package 2008/2009 – $65,000. Gross package 2009/2010 – $65,000. Perks – free fruit; free gym; subsidised further education
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