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Rapid growth puts pressure on law partnership structures

Maxim Shanahan
Maxim ShanahanProfessional services reporter

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The structure of Australian legal partnerships is changing as firms embrace salaried arrangements for partners, as a decade of growth puts pressure on equity allocations and ramps up competition for ambitious lawyers.

Almost two-thirds of new partners at Australia’s top law firms were appointed on a part or whole salary basis, according to data from the latest Australian Financial Review Law Partnership Survey.

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Maxim Shanahan is a professional services reporter at the Australian Financial Review. Email Maxim at max.shanahan@nine.com.au

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    Original URL: https://www.afr.com/companies/professional-services/rapid-growth-puts-pressure-on-law-partnership-structures-20240709-p5jsbt