Login
Percentage of partners switching to in-house revealed
A new report has identified what type of organisations private practice partners are going to should they choose to switch firms, with in-house legal departments representing some of the movers.
Emma Musgrave
According to Thomson Reuters Australia’s State of the Legal Market: Australia – 2018 report, over the last financial year there have been 273 partners who have switched firms. This marks the highest rate of “partner churn” in recent years, accounting for an increase of 19 per cent from the previous financial year, the report found.
Much larger movements were seen across other types of organisations. The report found that of the 273 who have moved on, 50.2 per cent went to what has been described as “large firms”, while 25.3 per cent went to international firms.
A further 16.5 per cent of those who made the switch went to the Big 8 firms – identified in the report as Allens, Ashurst, Clayton Utz, Corrs Chambers Westgarth, Herbert Smith Freehills, King & Wood Mallesons, MinterEllison and Norton Rose Fulbright – while 5.1 per cent went to NewLaw firms.
Meanwhile, 1.1 per cent of partners switched to one of the Big 4 firms – EY Law, Deloitte Legal, KPMG Law and PwC Legal – and just 0.7 of a percentage point went to a LegalTech organisation.
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
Email Emma on:
