Higher leverage to help Brisbane firms profit

Brisbane law firms may choose to increase their leverage ratio by hiring more mid-level legal staff and graduates, according to a new survey

Brisbane law firms may choose to increase their leverage ratio by hiring more mid-level legal staff and graduates, according to a new survey.

Robert Walters’ 2014 Salary Survey suggests Brisbane firms will be targeting mid-level legal professionals with 3-5 years PQE this year in order to meet reduced client budgets.

“They may also look to increase their graduate recruitment drives as another way of securing client engagement through lower cost options,” the report claims.

Lawyers with skills in corporate restructuring and infrastructure are expected to be highly sought after this year in Brisbane, due to more M&A activity in the latter half of 2013.

Likewise, Robert Walters argues that 2014 will present opportunities for industrial relations specialists as the new Federal Government changes Fair Work legislation.

The report reflected on a lacklustre 2013, in which it said many international firms in Brisbane with large mining-focused practices were “extremely under-utilised”.

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