Image from Google Jackets

Salary survey 2009 whatever happened to the wedge?

By: Language: English Series: Estates Gazette ; (0905) 7 February 2009, 41-45(4)Publication details: 2009Subject(s): Summary: Annual Estates Gazette salary survey shows that average salaries have fallen by 4% on last year (£51 180) and average bonuses have dropped by 19% since 2007. This is partially due to the fact that fee-earners are now typically bringing in 10% less remuneration for their firms than they were last year. Confidence in future pay increases has fallen by 36% since last year and actual salary rises have also fallen (albeit by a smaller figure). Salaries have fallen by the greatest amount in the Midlands and East Anglia, while greater London, the South West and Wales remain largely unaffected.

Annual Estates Gazette salary survey shows that average salaries have fallen by 4% on last year (£51 180) and average bonuses have dropped by 19% since 2007. This is partially due to the fact that fee-earners are now typically bringing in 10% less remuneration for their firms than they were last year. Confidence in future pay increases has fallen by 36% since last year and actual salary rises have also fallen (albeit by a smaller figure). Salaries have fallen by the greatest amount in the Midlands and East Anglia, while greater London, the South West and Wales remain largely unaffected.