The proportion of partners to the fee-earning foot soldiers beneath them is contracting as law firms shift to lower-leveraged models in the face of heightened competition, according to The Australian Financial Review's Law Partnership Survey.
Traditionally, firms have driven profit using higher leverage, with each partner having between three to five fee-earners in their teams, predominantly senior associates and special counsel and an army of juniors to whom the work is divvied up.
Loading...
Marianna Papadakis writes on court and legal affairs reporter. She is based in our Sydney newsroom. Connect with Marianna on Twitter.
