Highlights from our Latest Charge Rates, Salaries & Benchmarking Survey
The latest edition of the survey was released early last month and remains open to both participating and non-participating firms until May. Part B, a detailed analysis of the top 19 expenses incurred by firms after staff salaries, will be released at the end of January.
Following is a brief synopsis of some of the key results:
We have seen an improvement in profitability (prior to partner benefits) since this time last year
Notional fees per partner and staff productivity are generally on the rise
Proposed increases in rates and salaries for professional and administrative personnel are mostly more conservative this year
Total benefit entitlements for partners illustrated conservative improvement for the year
Raw growth continues to be problematic
Increases in personnel numbers have been conservative over the period
Earn rates are on the rise with improvements in write offs
To obtain a complete copy of this report, please click here for a registration form.