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A new survey of Australian law firm partners shows plummeting incomes and soaring stress levels.
Mahlab Recruitment reports that partner salaries are down by over 5% in Sydney, and 4% in Melbourne. Last year, partners in both cities saw an 11% increase.
The survey also says that firms have been quietly booting under-performing partners for the last year.
Almost 70% of private practice lawyers were not satisfied with their salary reviews.
Mahlab Recruitment, a legal and practice management recruitment consultancy, has offices in Sydney and Melbourne.
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