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Writer's pictureIkjot Singh

How to Become a High-Earning Lawyer in Australia?


Group of Lawyers in Australia celebrating successful case.

Imagine yourself in a sleek suit, confidently arguing a high-stakes case in a courtroom or negotiating multimillion-dollar deals in a boardroom. A career in law can be incredibly rewarding, but what does it really mean to be a lawyer in Australia, and what can you expect from your first day to the big bucks? Whether you're aiming for a top-tier firm or dreaming of becoming a Partner, let's break down the journey and see what it takes to scale the legal ladder.


Questions this blog answers:



1. What Does the Legal Ladder Look Like?

The legal profession has a clear hierarchy, starting from your university years all the way to the pinnacle of Partner. Here's what each step typically involves:


1. Clerk or Intern

Your legal journey often begins as a clerk or intern during your university years. This is where you get hands-on experience with the legal profession, typically during the summer or winter breaks. Many law firms, such as Allens, Herbert Smith Freehills, and King & Wood Mallesons, select their future graduates from their pool of clerks.


Tips for Success:

  • Network: Attend firm-sponsored networking events.

  • Ask Questions: Show interest and curiosity to learn.

  • Get Feedback: Learn from senior lawyers and improve.


2. Graduate Lawyer

After graduation, you'll likely start as a Graduate Lawyer at a law firm. This role involves rotating through different practice areas, allowing you to explore various fields of law before specialising. Some firms may assign you a mentor to guide your early career.

Typical Responsibilities:

  • Drafting Documents: Legal documents, contracts, and memoranda.

  • Research: Case law, legislation, and legal precedents.

  • Client Support: Assisting in meetings and keeping clients informed.


3. Associate

After completing the Graduate Program, you'll move on to the role of Associate. Here, you'll start managing your own cases under supervision while developing expertise in a particular practice area.


Skills to Develop:

  • Specialisation: Focus on a specific field of law.

  • Project Management: Handle cases from start to finish.

  • Client Relationships: Build and maintain client trust.


4. Senior Associate

The next step is Senior Associate. In this role, you'll manage larger cases, supervise junior lawyers, and play a crucial role in business development.


Key Focus Areas:

  • Leadership: Mentor junior lawyers.

  • Business Development: Expand the firm's client base.

  • Complex Cases: Handle high-stakes matters.


5. Special Counsel

Special Counsel positions are for highly experienced lawyers who want to focus on legal practice rather than firm management. This role often bridges the gap between Senior Associate and Partner.


Responsibilities:

  • Expert Advice: Provide strategic guidance on complex matters.

  • Client Management: Maintain strong client relationships.

  • Leadership: Lead large teams and projects.


6. Partner

Partners are at the pinnacle of the legal ladder, responsible for managing the firm, securing high-profile clients, and leading significant cases.


Types of Partners:

  • Salaried Partner: Receives a fixed salary with performance bonuses.

  • Equity Partner: Owns a share of the firm, sharing in the profits.


Key Responsibilities:

  • Firm Management: Set the firm's strategic direction.

  • Client Acquisition: Attract and retain key clients.

  • Leadership: Develop firm policies and mentor staff.


Pro Tips for Climbing the Legal Ladder

  • Mentorship: Seek mentors at each stage for guidance and support.

  • Professional Development: Attend workshops and pursue further studies.

  • Work-Life Balance: Ensure a balance to avoid burnout and build a sustainable career.


2. How Much Do You Earn as a Lawyer?

Earnings in law vary widely based on your role, experience, and the firm you work for. Here's a snapshot:


Graduate Lawyer

Starting salaries at top-tier firms range from $70,000 to $100,000 annually, varying by firm and city. For instance, graduate lawyers in Sydney often start at the higher end due to the city's high cost of living and competitive environment.


Associate

As an Associate, your salary can range from $75,000 to $200,000, depending on your firm and specialisation.


Senior Associate

Senior Associates can earn up to $250,000 or more.


Partner

Partners' salaries vary significantly:

  • Salaried Partners: $250,000 to $500,000

  • Equity Partners: Often reach seven figures.


Median Salaries Across Specialisations

  • Corporate Law: $100,000 to $250,000+

  • Intellectual Property Law: $90,000 to $200,000+

  • Criminal Law: $70,000 to $180,000+


3. What Areas of Law Pay the Most?

Certain legal fields are particularly lucrative:


Corporate Law

Corporate lawyers deal with mergers, acquisitions, and corporate governance, often handling high-stakes deals.


Banking and Finance Law

Banking and finance lawyers work on transactions involving lending, investment, and capital markets.


International Law

International law practitioners advise clients on cross-border transactions, international disputes, and trade.


Other Lucrative Fields

  • Intellectual Property Law

  • Construction Law

  • Mining and Resources Law

  • Commercial Litigation


4. Does My Location Matter?

Yes, your location can significantly impact your earning potential and career growth:


Major Cities (Sydney, Melbourne)

Lawyers in Sydney and Melbourne tend to earn more due to the higher cost of living and the concentration of top-tier firms. For instance, a mid-level associate in Sydney can earn substantially more than their counterpart in a smaller city.


Smaller Cities (Brisbane, Adelaide, Perth)

While salaries may be lower, smaller cities offer a better work-life balance and the opportunity to develop expertise in specialised areas.


5. How to Become a Lawyer in Australia

Becoming a lawyer in Australia requires completing a series of steps, from earning your law degree to gaining practical legal training and obtaining admission to the legal profession.


1. Complete a Law Degree

  • Bachelor of Laws (LLB): An undergraduate degree usually completed in 4-5 years.

  • Juris Doctor (JD): A postgraduate degree for those who already have a non-law undergraduate degree, usually completed in 3 years.


Top Universities for Law in Australia:

  • University of New South Wales (UNSW)

  • University of Sydney

  • Monash University

  • Australian National University (ANU)

  • University of Melbourne


2. Undertake Practical Legal Training (PLT)

After completing your law degree, you need to undertake Practical Legal Training (PLT) to develop essential skills for legal practice.


PLT Providers:

  • The College of Law

  • Leo Cussen Centre for Law

  • UNSW


3. Obtain Admission to Practice

Once you have completed your PLT, you must apply for admission to the Supreme Court of your state or territory. Each jurisdiction has its own requirements, including character checks.


4. Apply for a Practising Certificate

To practice as a lawyer, you need a Practising Certificate issued by the Legal Services Board in your state or territory. You'll typically start with a restricted certificate and work under supervision for 18-24 months before applying for an unrestricted certificate.


5. Consider Specialisation and Further Study

  • Specialisation: Many lawyers choose to specialize in fields like Corporate Law, Intellectual Property, or Family Law.

  • Further Study: Pursuing a Master of Laws (LLM) or other postgraduate qualifications can enhance your expertise.


6. Join Professional Associations

  • Law Society: Your state or territory's law society provides support, resources, and networking opportunities.

  • Bar Association: Join your local Bar Association if you aim to become a barrister.


6. How to Get Into Top-Tier Law Firms?

Study at a Well-Known University

Start by studying at a university renowned for its law program, such as UNSW, which consistently ranks among Australia's best.


Ace the UNSW Law Admission Test (LAT)

Doing well on the LAT is crucial for gaining admission to prestigious law schools like UNSW. It tests your critical thinking, analysis, and writing skills, which are essential for a successful legal career. Check out our blog post "Your 5-Step Guide to Excelling in the UNSW LAT Test" for comprehensive advice on acing the test.


Build a Strong Resume

  • Clerkships: Secure clerkships at top-tier firms.

  • Extracurricular Activities: Participate in debating, mooting, or volunteering.

  • Academic Excellence: Maintain high grades throughout your law degree.


Network and Find a Mentor

  • Networking Events: Attend firm events and industry conferences.

  • LinkedIn: Connect with professionals in your desired firms.

  • Mentorship: Seek guidance from experienced lawyers.


The Path to Success with LAT Academy


Becoming a lawyer isn't just about earning big bucks—it's about finding passion in what you do and making a meaningful impact. At LAT Academy, our Premium Masterclasses ensure you're well-prepared for the UNSW Law Admission Test. With a 92% success rate and a comprehensive curriculum delivered by top academic tutors, you'll have everything you need to secure your spot at a leading university like UNSW.




 

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Experience a unique and effective approach to LAT preparation with LAT Academy's Premium Masterclass. Sign up today and join the ranks of our successful students who have taken their first step into the legal world.



 

Written by: Ikjot Singh


Ikjot Singh, an accomplished legal professional and proud graduate of the University of New South Wales (UNSW), brings a wealth of knowledge and insights to our LAT guidance. During his time at UNSW, he didn't just excel academically but was also an integral part of both the Law Society and Business Society, adding another layer of practical experience to his theoretical knowledge.


His professional journey includes rich experiences at reputable organisations such as Kailash Lawyers & Consultants, Refugee Advice & Casework Services (RACS), Legal Aid NSW, and Insurance Australia Group (IAG). Through these varied roles, he has amassed a deep understanding of the legal landscape.


Ikjot's passion lies in leveraging his experiences and expertise to empower future law students to excel in their LAT journey. His mission is to demystify the LAT and provide aspirants with actionable strategies to achieve their law school dreams.



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