Lawyers improve their benefits, as well as salaries
There has been substantial improvement in lawyers' benefits in 2010, compared with 2009, according to a survey by legal job agency Codex. The survey examined changes in a long list of benefits offered by employers, including pensions, mobile phone expenses, participation in the cost of meals, car and car maintenance, parking, an extra month's salary as a bonus, and a daily newspaper.
Codex says that in addition to a rise in lawyer's salaries by more than 3% in 2010, 17% of lawyers also have seen a 17% increase in their benefits, compared with 2009. 78% of lawyers saw no change in their benefits, and 5% saw their benefits cut.
Codex adds that the biggest improvement in lawyers' benefits was in their pension funds and managers insurance. In 2009, 79.5% of lawyers said that their employer provided either a pension fund or managers insurance; this figure rose to 82.7% in 2010.
In 2010, 1% more respondents said that they were reimbursed for their mobile phone expenses than in 2009, 2% more respondents said that they received a company car, 0.59% more said that they were reimbursed for meals, 0.71% more said that they were reimbursed for parking, and 1% more said that they received an advanced training fund.
Codex depicts a clear picture of preference in benefits for lawyers in the public sector and companies, compared with lawyers employed by law firms.
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