BRIC country lawyers earn 23 times average local wealth

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  • Lawyers in India earn fifty times GDP per capita
  • Brazilian lawyers earn the most at £93,966 on average
  • Lawyers in BRIC countries more optimistic about the economy than those in the UK

Senior lawyers in the BRIC countries (Brazil, Russia, India, China) earn an average of 23 times the average GDP per capita according to research from international legal recruitment specialist Laurence Simons.* This compares with an average of 5.4 times GDP pp for UK lawyers’ salaries.

Lawyers in India lead the way earning an average 53.4 times the GDP pp, followed by those in China who earn 19.4 times more. Brazil and Russia have a ratio of 12.7 and 6.8 respectively. This compares to lawyers in the UK who earn a more conservative average of 5.4 times the GDP pp.

Total Remuneration (£) GDP per capita (£) Ratio – Remuneration:GDP

Brazil

£93,966

£7,399

12.7

Russia

£62,099

£9,154

6.8

India

£51,868

£971

53.4

China

£76,986

£3,974

19.4

UK

£134,504

£25,130

5.4

 

Brazil has the highest average remuneration, with lawyers earning the equivalent of £93,966, followed by China where lawyers earn £76,986 on average. Russian counterparts earn £62,099 and those in India earn £51,868 – the lowest of the BRIC countries but the highest relative to its economy.

Optimism about their country’s economic outlook is also high among BRIC lawyers. Seventy per cent of lawyers in Brazil and India feel positive about the economy, followed by a third in China and Russia.

Job growth is one of the reasons for this optimism – half of all legal departments in Brazil, India and China increased the size of their team last year, along with 93% of departments in Russia.

And this pattern looks set to continue – 69% of firms in Brazil are looking to expand over the next twelve months, 61% in India and 43% in China. Hiring in Russia is set to be more muted following last year’s growth, with 22% expecting new hires.

The legal work force of the BRIC countries also appears to be more mobile than in the UK. Seventy eight per cent of Brazilian lawyers and 74% of Indian lawyers say they would consider moving internationally for work. Sixty eight per cent of Chinese lawyers would consider a move and 60% of those in Russia. This compares with only 48% of lawyers in the UK.

Naveen Tuli Global Managing Director of Laurence Simons International said:

“The emergence of the BRIC country economies has had a big impact on the legal profession. The largest firms have established offices around the world, and the need for in-house lawyers at large companies has both created a domestic market for legal talent and also broadened the scope of the international market. These are dynamic markets with fast expansion and strong candidate movement.

“For international lawyers, the opportunity of achieving a greater level of seniority earlier in their career, and the low cost of living relative to salary levels make these locations an attractive prospect.”

 

ENDS

 

* Data from Laurence Simons Global Salary Survey, conducted amongst 3,700 senior lawyers from across the globe, 636 of whom were based in Brazil, Russia, India or China. The lawyers surveyed in the BRIC countries had an average 9.7 years PQE compared with 10.9 years for the survey as a whole.

 

ABOUT LAURENCE SIMONS

 

Founded in 1988, Laurence Simons is a specialist legal and compliance recruitment consultancy.

Laurence Simons covers the whole spectrum of permanent and temporary legal and compliance positions in both the Private Practice and In–House markets from Newly Qualified through to Partner, General Counsel and Chief Legal/Compliance officer level roles.

 

ABOUT FIVETEN

 

The FiveTen Group is one of the world’s fastest-growing specialist recruitment consultancies.

With over 500 recruitment consultants operating across 22 cities in 13 countries, the group focuses on permanent, contract, temporary and interim positions across all industry sectors.

Our global reach reflects the rationale for the name of our Group: the surface area of the Earth is 510 million square kilometres. (This was suggested by one of our employees in a group–wide competition to name the company).

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