- Salary expectations have cooled since the boom markets of 2022-23, but with legislation now in place to eliminate inter-firm lockstep compensation discussions, there is a high likelihood that we’ll see greater variation in the legal industry’s salary structures.
- While junior staff are benefiting from notable pay raises, compensation for lawyers remains relatively unchanged, except in areas of particularly high demand including commercial real estate, litigation and estate planning.
- Without the traditional benchmarks in place, employers and employees in the sector are eager to access reliable, up-to-date third party salary data in order to ensure compensation for both parties is in line with the industry standard.
Vancouver, BC, June 5, 2024 – Junior staff in both the BC and Toronto markets are benefiting from notable pay raises in 2024, up an average of 8% from last year*, while compensation for lawyers remains relatively unchanged, except for where particularly high-demand areas are concerned. Professionals with experience in commercial real estate, litigation and estate planning have considerable leverage when it comes to negotiating salary.
With legislation now in place to eliminate lockstep compensation discussions, firms must explore new avenues to understand how they stack up against the competition. To successfully hire and retain top legal talent, it’s essential that employers have access to reliable, up-to-date third party salary data.
On the flip side, job seekers can view this change in legislation as an opportunity to negotiate above-average pay raises, without the traditional benchmarks in place. Again, it’s a wise move for legal professionals to review salary guides and consult with a recruiter to ensure they’re prepared to negotiate from a position of strength and make informed career decisions.
Impact Recruitment publishes the 2024/25 Salary Guide: Legal Edition to showcase these trends and provide current salary data for hiring managers as well as industry professionals.
*Up approximately 8% since 2023 for the majority of legal support roles
Download a full copy of the 2024/25 legal salary guide here.
About the 2024/25 Salary Guide
This guide was created to serve as a practical resource for law firms and legal professionals based in Greater Vancouver and the Greater Toronto Area.
Information displayed is based on the wide variety of law firm placements made by Impact’s legal team who specialize in lawyer and legal support recruitment.
Their vast knowledge of the legal market allows them to share up-to-date information on trends, in-demand practice areas, compensation, benefits, and perks pertaining to the industry.
About Impact Recruitment
Impact Recruitment is a forward-thinking agency, driven by the desire to create viable opportunities for professionals and guide the growth of organizations.
Our experience, expertise and depth of industry knowledge are unparalleled in the recruitment space, and we’ve built our business by creating meaningful connections that become sustainable, long-term relationships founded in trust and mutual success.
A dedicated point of contact, an unsurpassed understanding of your field and our Certified Candidate® System, the most comprehensive employer-candidate matching system on the market today, combine to make us the ideal partner as you navigate an ever-changing hiring landscape.
For media inquiries, please contact:
David Cook
Vice President of Marketing
Impact Recruitment | AmbiMi
dcook@impactrecruitment.ca