19 February 2013
Lawyers took home 5% less last year, as falling basic pay cancelled out rising bonuses.
The average legal eagle pulled in £139,040 in 2012, down from £146,500 the year before, according to recruiter Laurence Simons. While average bonuses rose from 32% to 34% of salaries, average pay fell 7%.
Laurence Simons managing director Lucinda Moule said: “2012 was a tough year for legal firms and departments, meaning they couldn’t replicate the sharp rise seen in 2011.”
Those working in financial services pulled in the biggest bonuses, at £48,688. Private practice lawyers had to content themselves with £14,852.
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