Blake Dawson pay freeze – you have reported on this already, and Blakes came back with figures of 30% received rises – this INCLUDES those lawyers elevated from graduate to lawyer and lawyer to SA. However, it has now come to my attention that in the September quarter Blakes turned the 2nd largest profit in the firm’s history – this was included in the Board report for the quarter. The firm has not changed its approach to remuneration however!!
In 2009, Blake Dawson took on a total of 85 graduates. Meanwhile, the firm was recently reported to have a total of 1382 employees. It was elsewhere reported that the firm averages $190,000.00 profit from each lawyer, giving rise to a total profit of $136,000,000.00. By dividing the total profit by the profit of each lawyer, it reveals that the firm has apporximately 715 lawyers. So … when Blake Dawson spokesperson Helen McKenzie said ‘we were pretty upfront about what our approach would be and we told everybody that there would not be a salary freeze’, why didn’t she also clarify that considerably fewer than 20% of lawyers (plus grads) were those who actually received the pay rise? 30% sounds much healthier than 18%, don’t you think?
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