Financial Management

Good lawyers are increasingly hard to find with demand set to grow, however, recent research uncovers that many firms may be under-utilizing key tools & strategies available to attract top talent. Salaries have remained flat despite obvious, and continuing, high demand for quality personnel. There are many external forces impacting a firm’s ability to roll out widespread salary increases but are firms waving the white flag on an industry issue they can solve in isolation?

People who are considering reducing their work hours in the leadup to retirement, but who are concerned about not having enough disposable income as a result can, through a superannuation transition to retirement (TTR) strategy, access part of their super to top up their income.

With superannuation fund members across Australia receiving their FY2018 annual member statement, now is the perfect time to reflect, review your fund’s performance and make decisions about what you can do to improve your future super outcomes.

Most staff working at New Zealand law firms can expect to receive a pay rise at or above the Consumer Price Index (CPI), according to research conducted by Australasian Legal Practice Management Association (ALPMA) and McLeod Duminy. More than 100 New Zealand law firms from across the country, employing 2,676 people participated in the 2018 ALPMA/McLeod Duminy NZ Legal Industry Salary and HR Issues Survey.

A study of Australian law firms reveals they are financially resilient and adapting well to an increasingly competitive market.

The annual ALPMA / Crowe Horwath benchmarking survey of NZ law firms shows the sector is expecting an average of 5 per cent growth in the next financial year - building on gross profit margins* that currently average nearly 75 per cent.