Australia Law Firm Salary Guide 2024-2025

After the uncertainty and subdued activity that characterised the Australian legal landscape in FY 2023, we are pleased to see some green shoots emerging for FY 2024. We anticipate this year will be a more fruitful one. Key findings from this year’s salary guide include:

• Market performance: Australian law firms have rebounded strongly from previous downturns, with a notable 7.2% growth in demand for legal services
• Economic factors: conditions in Australia are stabilising, with moderated inflation rates and conservative growth projections for FY 2024
• Recruitment trends: After a period of cautious hiring in FY 2023, there’s a resurgence emerging in recruitment activities for FY 2024
• International influence: Overseas markets such as London and New York pose competitive challenges for Australian law firms
• Legal landscape changes: The Australian legal landscape is evolving with the entry of international firms and expansions of existing ones.

Overall, while challenges like international
competition and selective hiring criteria persist,
the Australian legal market is poised for growth and
adaptation in the coming year.