The average female lawyer is paid £51,396 less per year than the average male lawyer, according to a new survey. It's worth bearing in mind, though, that the survey – by legal recruiter Laurence Simons – is of just 988 predominantly fairly senior UK lawyers; 63% of which work in-house and 37% in private practice. A full breakdown of the results is below...
According to the research, in 2012 women lawyers received total remuneration of £111,293, compared with £162,689 for men. When divided into salary and bonus, women earned an average of £87,671 basic (compared with £115,193 for men) and £23,622 in bonus (compared with £47,496 for men).
The good news is that the gap is narrowing, with male lawyers seeing a fall in total remuneration of £5,228 (from £167,917) since last year, and women enjoying a rise in total pay of £1,391 in that period (from £109,912).
There's more on the disadvantages faced by women in law in our podcast this afternoon with Law Society president Lucy Scott-Moncrieff.
"If you want my first name to be 'Bob’s Supermarket' and my last name to be '.com' I'm cool with that," writes debt-ridden ex-law student Jason Madsen on eBay. Madsen (pictured below) quit law school in the US after just a year having been denied an extension of the loan funding his studies, leaving him with $75,000 (£47,000) worth of debt – and nothing to show for it (putting the plight of jobless UK law graduates into perspective).
In addition to changing his name, Madsen, 28, is willing "to drive a car with whatever logos or messages the winner wants, as well as wear t-shirts and other clothing with logos or messages." Disappointingly, though, no one has submitted a bid yet – but there are still four days left to go until the deadline on Friday.
There is an interview with Madsen at Above the Law.
Hopefully he will be more successful than law graduate Nick Freilich whose campaign to pay off his law school debts via donations recently failed miserably.
In October we reported on a US law graduate’s bid to pay off his massive debts via an appeal on crowdfunding platform Indiegogo. The deadline for the 'Save Nick' campaign expired over the weekend. So how much did Nick Freilich (pictured below) raise?
Between them, former Simmons & Simmons associate Anna Kavanagh and her ex-husband, Holman Fenwick Willan partner Giles Kavanagh, spent almost everything they owned on a bitter dispute over the custody of their children – a story reported widely in September.
Yesterday Anna told her side of the story to The Sunday Times (£). It made for fascinating reading...
Legal Cheek has obtained records that show the names of 15 law firms which have failed to pay a junior criminal barrister a combined £4,931.82 in fees.
The barrister in question has been chasing the money for four years. So we decided to see if the threat of being named and shamed on Legal Cheek would focus the firms’ minds. This is what happened...
First, the good news: British lawyers pull in more cash than their counterparts in economic powerhouses Mexico, Italy and South Africa.
Now the bad news: our solicitors and barristers earn less than lawyers in the US, the United Arab Emirates, Canada, Germany, France and China.
It gets worse. While British lawyers’ average salary of £50, 675 is higher – just – than the average legal wage in Brazil, our extortionate living costs mean that, in real terms, you’re better off practising law in Rio than London.
The full rankings are below...
Spotted on a robing room noticeboard...
Paralegal Tony, a part-time LPC student and paralegal at a City law firm, says that shrewd graduates can fund themselves on their journey to becoming lawyers
Doing anything is better than doing nothing
On graduating with an LLB in law with French law and French language in 2011, I took the first job available to me and swept floors at a garage while making applications to law firms in the local area. The law firm where I completed some work experience during that time was so impressed by the tenacity I showed that they decided to offer me a full-time position as a paralegal for a whole £12,000!
During that first paralegal job, I took every opportunity to network. This led to a barrister who I had instructed in a matter to give me the heads up on another position at a law firm offering more money – just enough to cover LPC fees. Not that networking on its own is enough. You need a good CV, too. To that end, get your CV reviewed. @Career_Geek is offering a free service at the moment, otherwise follow me on Twitter and I will happily have a look...
The number of partners retiring has fallen by a third in the last 15 years, leaving rookie lawyers frustrated by a lack of career progression, new research has found.
The problem – which has left one in three private practice lawyers of the view that their careers are being stifled – has been augmented by firms' failure to create enough partner roles for the wave of people entering the legal profession in recent years.
Solicitor numbers have increased by 89% since 1990, but partner numbers are up by a disproportionately small 40%, according to the data assembled from a survey of over 200 private practice lawyers by legal recruiter Laurence Simons and the Law Society's annual statistical reports.
On Saturday, I received this private message on Twitter.