The lure of higher-paying overseas jobs along with competition among local competitors may mean Australian firms see lawyers leaving faster than they can fill the roles, pay hikes or not.
November 17, 2021 at 07:09 PM
5 minute read
Correspondent, Sydney
Several Australian law firms have increased lawyers’ wages by 10% or even 15% this month, but recruiters question whether the rises alone will be enough to stem the tide of departures for competing firms and more lucrative overseas roles.
The market for legal talent in Australia is highly competitive, as firms are busy with booming infrastructure and mergers and acquisitions sectors and young lawyers head overseas.
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