Where can you see yourself next?

Boutiques are the new Black While COVID was a time of stress and uncertainty for most major law firms in Australia; it was a time of opportunity for the growing number of high quality boutique firms in the market. The well run boutique firms are low cost, often have a broad (and very loyal client base), are experts in their field and due to high profit margins are well placed to compete with larger firms on staff salaries. Prior to COVID, boutique firms’ greatest challenge was attracting top talent in a highly competitive market where they have little brand recognition. There has never...

One thing that can often be over looked in the recruitment process is a lawyers’ behaviour pre and post resignation. For most of you, it goes without saying that you will respect your employer to the very end; however, when you are unhappy and stressed it can sometimes be hard to keep the bigger picture in mind. Set out below is a list of things you should always be mindful of when departing an organisation: When you have decided to make a move it can be hard to remain motivated; especially if you are not culturally aligned to a partner, GC or...

The in-house legal markets in Sydney and Brisbane, and now Melbourne are back! We are seeing new roles every day across a multitude of sectors including construction, healthcare, financial services (including insurance), real estate and technology. For many general counsels and hiring managers out there, just wanting to move in-house is no longer enough of a reason in an increasingly competitive landscape. With that in mind, it is a good time to consider the when, what and how of making a move in-house to assist you when seeking your next role. Here are a few points to consider: Generally speaking it is...

Despite the prevailing uncertainty we have seen a steady rise in legal, regulatory and compliance roles within the corporate sector since June. In particular we have seen strong demand for legal counsel and senior legal counsel between 4 to 8 years’ PAE across the insurance, financial services, construction and technology sectors. There is a lot of M&A activity in both the insurance and financial services industries with many entities aggressively looking to increase market share or divesting themselves of insurance and wealth management businesses. This combined with very active regulators – APRA and ASIC, in particular – has led to a...

February and March 2020 saw many firms posting record profits – then came the three-hit combo (fire, flood and (toilet-paper) famine) that drastically changed the legal landscape! The CBD is slowly coming back to life and while we are not queueing for coffees (and diving for cover if someone sneezes!) there is noticeably more foot traffic and buzz in cafés and restaurants. With strong investment from State and Local Government the construction and major projects space is as busy, if not busier, than it was in March. This, coupled with an increased focus in the renewables sector from corporates in Australia,...

Now, in the current climate, normal strategies may be out of the window and, indeed, I am hearing a number of firms are delaying salary negotiations until the end of 2020. However, whether your firm is going ahead with salary reviews in the coming months or waiting until the end of the year, knowing how to approach a salary review is a useful skill to acquire for the future. This blog will provide you with a solid strategy to negotiate a fair salary to enable you to feel valued at work. Hopefully you work for a firm that wants to empower...

In my experience, the first mistake people make when they want a career change, is to act on an impulsive decision. More often I see this with junior to mid-level lawyers, who haven’t completely thought about their short to medium term career goals (which is generally useful to break down into 2-5 year periods). Such impulses can come about following a poor salary review, or some other emotion-based decision regarding a certain interaction in the office. Quite frequently, it is simply based on poor communication (often from partner down). Notably, from my work in recruitment when a lawyer enters the market in...

Employee health and wellbeing is a constant focus in the professional services industry. For a long-time, the term ‘work-life balance,’ was heralded as the key to happy and healthy employees. More recently, the focus has been on providing a ‘flexible workplace,’ which is a great step forward for professionals balancing work and life priorities such as raising a family, juggling multiple responsibilities, living remotely or exploring their passions on the side. Unfortunately, the nature of the legal profession, with revenue directly related to hours invested, means that we are all going to be time poor regardless of how flexible our work...

Well folks, it’s that time of year again and as many firms are gearing up to commence remuneration reviews, we are pleased to announce the release of the 2019 Montgomery Salary Guide. This year, we have extended our research to include Brisbane salary data along with Sydney and Melbourne. Our experienced consultants have worked together with our valued candidates and clients to collect salary data from over 2,000 Associates, Senior Associates and Legal Counsel. The data includes current salary packages and recently secured salary offers from the full range of law firms; from boutique right through to top-tier. Based on a...

This year, for the first time in Montgomery Advisory’s history, we embarked on very interesting industry specific project. Our experienced consultants, with the assistance of our valued candidates and clients, worked together to produce the very first Montgomery Salary Guide. The salary data was collected from over 1,500 Associates, Senior Associate and Special Counsel in Sydney and Melbourne. It included salaries and recently secured salary offers from the full range of law firms, from boutique right through to top-tier. Based on a thorough review of our competitors’ published salary guides, the data we have had access to suggests the Montgomery Salary...