Associate salaries are back on the upswing, but new lawyers may have to do more for their money in the future, judging by the results of Canadian Lawyer’s 2014 Compensation Survey. After two straight years of decline, first-year associates saw a significant 21-per-cent bump in salary, with the median hitting $80,000 in this year’s survey, up from $66,000 in 2013. That’s the highest level since we started compiling the survey in this format in 2010.
For in-house counsel called last year, the jump in the national average was a more modest, but still generous, 11 per cent, to $89,000 from $80,000. Grouped by year of call, new lawyers in every category saw average wages rise over last year’s survey, from one year out, to more than eight years out.