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Leeds based BCL Legal – the legal recruitment consultancy which operates across Yorkshire and the North East – this week (Monday 19th April, 2010) launches its annual Salary Survey of in-house lawyers working within the region.
The survey of over 100 professionals compared year on year salaries, bonuses and general benefits.
A number of key findings came out of the report, most notably that the average annual bonus rose from £10,000 to £10,500 despite there being a fall of 6% in recipients – down to 65%. Lawyers with up to five years experience took home on average £5,000, those with between six and eight years received £9,500 whilst the average bonus for solicitors with 11 years plus experience was £16,000.
In terms of salary, average pay for newly qualified lawyers fell by around £5,000 and now stands at £35,000 whilst those who have been practising for between two and 10 years have seen little difference. Senior lawyers saw an average drop of £10,000 down to £135,000 per annum but in a few very exceptional cases salaries increased up to £240,000.
Other findings include; a 7% drop in lawyers receiving pension contributions from their employers and a 5% reduction in those enjoying private medical insurance. Other benefits, such as car allowances and holidays, remained static year on year.
Mark Levine, director of BCL Legal and head of its in-house department, said; ‘The annual Salary Survey is a good way to get a sense of how our clients and the wider in-house legal community is fairing. The last year has been pretty tough so it’s not surprising that there have been some fluctuations in salaries and bonuses. However, good people are still being rewarded as employers know that a strong recovery will be best achieved if they retain and look after talented staff.’
Current BCL Legal clients include; AVIVA Plc, Huntsman Limited, Addleshaw Goddard, DWF, DLA, Irwin Mitchell