The most widely read magazine for Canadian lawyers
Issue link: https://digital.canadianlawyermag.com/i/1076418
22 F E B R U A R Y 2 0 1 9 w w w . c a n a d i a n l a w y e r m a g . c o m Less than $200,000 $200,001 - $300,000 $300,001 - $400,000 $400,001 - $500,000 $501,000 - $1 million More than $1 million Year of call $110,001 to $150,000 $150,001 to $200,000 $200,000 to $250,000 $250,001 to $300,000 Over $300,000 2017 - 2018 0% 0% 3% 0% 3% 2015 - 2016 11% 7% 4% 0% 4% 2012 - 2014 29% 7% 4% 0% 11% 2011 or earlier 19% 26% 0% 4% 11% Year of call Less than $25,000 $25,000 to $40,000 $40,001 to $65,000 $65,001 to $80,000 $80,001 to $95,000 $95,001 to $110,000 2017 - 2018 6% 3% 31% 16% 22% 16% 2015 - 2016 7% 4% 7% 25% 11% 21% 2012 - 2014 7% 11% 4% 0% 21% 7% 2011 or earlier 0% 7% 4% 7% 4% 19% IN 2018, WHAT AVERAGE SALARY OR SALARY RANGE DID YOUR FIRM PAY ASSOCIATES IN THE FOLLOWING YEARS OF CALL? (Sample size 115) COMPENSATION SURVEY O f this year's 155 respondents to Canadian Lawyer's annual Compensation Survey, 45 per cent said they were part of a local firm, 30 per cent were in a regional firm, 12 per cent said theirs was national and 13 per cent said their firm had an international presence. Forty-three per cent of the firms or legal departments had between two Hire more lawyers? 42 % Keep the same number of lawyers? 37 % Reduce the number of lawyers? 1 % Don't know/not sure 20 % IN THE COMING YEAR, WILL YOUR FIRM: (Sample size 91) 1 2 3 4 WILL SALARIES INCREASE IN 2019? Yes No Not Sure (Sample size 41) 37 % 28 % 12 % 6 % 5 % 12 % 12 % 10 % 9 % 7 % 7 % 8 % 2 % 3 % 4 % 16 % 4 % 8 % 35 % 42 % 56 % 11 % 0 % 0 % 6 % 15 % 49 % 61 % 39 % ASSOCIATE ANNUAL BILLING TARGET 601 to 900 hours 901 to 1,200 hours 1,201 to 1,500 hours 1,501 to 1,800 hours More than 1,800 hours ASSOCIATE ANNUAL HOUR TARGETS (Sample size 26) 1 4 2 3 Up to $50,000 $50,001 - $100,000 $100,001 - $150,000 $150,001 - $200,000 $200,001 - $250,000 $250,001 - $300,000 $300,001 - $350,000 $350,001 - $400,000 $400,001 - $450,000 $450,001 - $500,000 $500,001 - $550,000 $550,001 - $600,000 More than $600,000 PARTNER COMPENSATION (NATIONAL) (Sample size 49) (Sample size 69) DID PARTNERS' EARNINGS INCREASE IN 2018 OVER 2017? Yes No (Sample size 18)