Lawyers: This EOFY, Make the Market Work for You
As the financial year draws to a close, many lawyers are gearing up for their annual reviews. Which is a great time to reflect on the last 12 months, reassess career goals, and for many, renegotiate their salary. But here’s a thought: what if you could make the market work for you instead?
In 2025, the legal industry continues to grapple with talent shortages across practice areas. Demand for high-performing lawyers has remained strong, and firms are not just looking…they’re competing. If you’ve spent the last year exceeding expectations, achieving billing targets, winning new clients, or mentoring juniors, the timing couldn’t be better to capitalise on your market value.
EOFY: More Than Just a Review
For many, the EOFY signals a routine salary review but it’s also a strategic career checkpoint. Firms often lock in pay increases and bonus structures in July, meaning decisions are being made right now about who to invest in.
While your current employer might reward you, the broader market could offer even greater recognition - not just in salary, but in career progression, flexibility, and better cultural fit. The legal market today is active, competitive, and more willing than ever to reward proven performance.
Why Timing Is on Your Side
Talent shortages are real. Across insolvency, property, construction, employment and insurance practices, firms are feeling the pinch of a tight talent pool.
Peak hiring season looms. Many firms time their new financial year budgets with lateral hiring. Particularly after bonus rounds are finalised.
Your achievements are fresh. With 12 months of results under your belt, you’re in the strongest position to leverage your success stories.
In short? If you’ve ever considered what else might be out there, now is the moment when the market is most receptive.
Are You Being Paid What You’re Worth?
If you're unsure how your salary stacks up, it's worth benchmarking against current market data. We've seen many lawyers surprised, some pleasantly, others not! When they compare their compensation to peers with similar PAE.
Beyond salary, consider:
Are you satisfied with your career progression?
Are you recognised for the extra value you bring?
Are you working the hours you want to be working?
If the answer is no to any of these, EOFY could be your prompt to explore whether the market has a better offer waiting for you.
Take the Driver’s Seat This EOFY
You don’t have to wait passively for your review outcome. You’ve built your value. You’ve earned your achievements. Why not make sure you're truly being recognised?
If you’re exceeding expectations, now is the perfect time to explore whether someone else will provide you remuneration that reflects your worth.
Reach out for a confidential conversation - we’ll give you honest, up-to-date insights on your current market value. Alternatively, take a glance at our most recent salary guide below!