This report was prepared on the basis of in-depth research carried out during December 2018 and January 2019. The results are based on data collected from 12 leading law firms in Kiev. The report was researched by Gwilym Davies of Lexology Insights. Market overview • While the conflict with Russia over control of Ukraine’s eastern regions continues to rumble on, the Ukrainian economy has managed to stabilise somewhat in the past two years. During this period annualised GDP growth has stood between 2% and 3% after emerging from the red. • The primary players in the Ukrainian legal services market remain more or less unchanged, with no notable closures or mergers reported during the past year among either the major domestic or international law firms present in Kiev. Compensation and human resources • Like-for-like compensation levels have tended to increase for both fee-earners and support staff during the past year – both in local and hard currency terms – in some cases significantly. • 57% of firms surveyed increased fee-earner headcount in Kiev during the past year. The median net change in fee-earner headcount was an increase of 7%. Billing • Average like-for-like standard hourly billing rates tended to increase slightly during the past year across the sample of firms surveyed. © Globe Business Media Group 2019 2 Lexology Insights – Kiev law firm compensation, benefits and billing report 2018/2019 Foreword This is the fifth edition of the Lexology Insights Kiev law firm compensation, benefits and billing report (previously known as the Legal Market Intelligence Report). It was prepared on the basis of in-depth research carried out during December 2018 and January 2019. The results are based on data supplied by participating law firms, as well as interviews with partners, office managers and directors of HR and finance. The report was researched by Gwilym Davies of Lexology Insights. We intend to repeat this exercise annually, addressing any fluctuations in the market, along with new areas as suggested by respondents. For this reason, we remain eager for feedback on the usefulness of the findings and on how the report’s format and relevance can be improved. © Globe Business Media Group 2019 3 Lexology Insights – Kiev law firm compensation, benefits and billing report 2018/2019 Foreword Profile of participating law firms We would like to express our appreciation to all of the law firms that provided their time and cooperation in the preparation of this report. Their identity is confidential. All of the 12 law firms surveyed are experienced in advising international and domestic clients across a range of corporate, financial and general business areas. The sample of participating firms breaks down as follows: • All law firms (total sample for data analysis) – 12 • International law firms – 7 • Domestic law firms – 5 • Law firms which set salaries in hard currency – 5 • Law firms which set salaries in local currency – 7 No data analysis was undertaken for groups whose sample size was considered too small. © Globe Business Media Group 2019 4 Lexology Insights – Kiev law firm compensation, benefits and billing report 2018/2019 Methodology In gathering the information for this report, we spoke to senior decision makers at law firms and obtained details of compensation, benefits and billing rates. The following information is presented in such a way as to conceal the identity of the firms that provided the information, while still providing meaningful comparative data on compensation, benefits and billing rates. Readers may notice isolated statistical anomalies in certain figures given in the tables and charts. These typically result from occasional variations in the level of response from participants or limited data samples for categories not applicable to all firms, both of which can give rise to isolated distortions. In these instances, please refer to the charts for an indication of the general trend. © Globe Business Media Group 2019 5 Lexology Insights – Kiev law firm compensation, benefits and billing report 2018/2019 Key to tables and charts The following key clarifies what is meant by each job title, given that some are not universally applied by respondent firms: Fee-earners • Equity partner: Usually a stakeholder in the firm or (in the case of some local firms) one of its proprietors. Among branch offices of foreign firms, this designation refers solely to members of the international partnership. • Salaried/local partner: A local partner of an international firm in Kiev or a partner-level lawyer who has not been admitted into the core equity. • Of counsel: Pre-partner position or consultant/ academic/elder statesman retained by the firm on a full or part-time basis. • nth year associate: Lawyer in nth year of associatelevel practice with a law firm. Law graduates typically hold a master’s and bachelor’s law degree and often occupy a paralegal position for one or two years before reaching first-year associate level. • Paralegal/legal assistant level 1 (bachelor’s graduate): Provides clerking duties, file management and skilled support. Typically holds a bachelor’s law degree and may be studying for a master’s degree. • Paralegal/legal assistant level 2-3 (master’s graduate): Provides clerking duties, file management and skilled support. Typically holds a master’s law degree. Individuals usually occupy this position for one or two years before being promoted to associate. • Translator: Provides translating services. Business and office management • Chief operating officer/operations director/regional head: Senior management role. In charge of overseeing the firm’s business operations. • Office administration manager: In charge of overseeing multiple aspects of the running of the office. Facilities and office services • Driver: Provides driving services for clients and/or employees. • Office services assistant: Fulfils general office support duties. • Cleaner: Fulfils office cleaning duties. Finance • Chief accountant/finance manager: Senior finance management role in charge of financial strategy. • Senior accountant: Senior accountant with significant experience and enhanced responsibilities. • Accountant: Accountant providing typical financial services for a given office. • Head of billing/revenue manager: In charge of billing and revenue collection management. • Billing coordinator: Coordinates aspects of billing and collection. © Globe Business Media Group 2019 6 Lexology Insights – Kiev law firm compensation, benefits and billing report 2018/2019 Key to tables and charts Information technology • IT manager: Senior IT management role. • IT support staff – senior: Provides IT support for employees – senior position. • IT support staff – junior: Provides IT support for employees – junior position. Marketing and business development • Marketing and business development manager: Senior marketing/business development management role. • Marketing and business development assistant: Provides assistance to marketing and business development management. • PR manager: In charge of public relations for the firm. Human resources • HR manager: Senior HR management role. Secretaries • Executive assistant: Personal assistant to partners and senior management. • Legal secretary – senior: Experienced secretary with some legal knowledge and responsible for important administrative tasks. • Legal secretary – junior: Junior secretary with some legal knowledge and administrative responsibi
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