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Law firms pay less to focus on stability

TOTAL remuneration and average salaries for UK lawyers dropped last year as law firms focused on stability and keeping wage bills steady.

A survey of 988 lawyers, carried out by legal recruitment specialist Laurence Simons, found that total remuneration dropped by 5% to £139,040 last year from £146,500 in 2011.

Average salaries fell by 7% to £103,450 from £111,500 in 2011, with bonuses commanding a higher share of annual salaries, up from 32% last year to 34%.

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