Pay packets and perks: How our audience are rewarded for their work
The TotallyLegal Audience Insight Report revealed that, in spite of a turbulent political and economic climate, 2018 was a lucrative year for many individuals in the legal profession.
Up 7% from 2017, 58% of our audience reported a salary increase in the past year, and a particularly fortunate few (26%) received a pay rise of 10% or more – an annual increase of 5%. Significantly, the number of Lawyers and Solicitors receiving pay rises rose on average by 8% year-on-year.
In-House Counsel respondents came out on top, with 19% reporting a salary rise of 10% or more, while Associates too enjoyed a lucrative 2018, 15% of whom were rewarded a premium pay rise. At the other end of the table, just 5% of Administrators were offered a 10% increase.
In addition to base salaries, 48% of our audience received a bonus in 2018 – 42% of whom were awarded an extra 10% or more on top of their basic pay.
With 73% of Heads of Department and 69% of General Counsels receiving bonuses last year, but just 24% of Graduates and 9% of Document Review professionals earning salary extras, bonuses were most prevalent amongst senior, high-earning job titles.
In 2018, half of our audience were recipients of benefits. With 35% receiving private healthcare and 26% being offered flexible/remote working, the most popular perks among respondents were those that promoted healthy, balanced lifestyles.
12% of our audience were rewarded with gym contributions, while 11% enjoyed employer supplied travel loans. Rounding out the top 5 most popular benefits in 2018 were childcare contributions at 8%.
Despite political and economic uncertainty, the responses to our 2018 survey were, overall, suggestive of a flourishing and lucrative profession. With the majority of our audience receiving pay rises and benefits – plus just under half topping up their salaries with a bonus – it is clear that there is money and much more to be gained from a career in legal.
Download our Audience Insight Report today to find out more about the ins and outs of the legal profession.