Compensation trends – Paris

  • Average like-for-like levels of compensation for associates tended to increase only slightly since last year. Increases have been more pronounced at senior level than at junior and middle level.

Comparing the overall 2017 Paris survey results with those of 2016 yielded the following results:

  • Average net percentage change in like-for-like junior (years 1 to 4) associate compensation levels: +1%
  • Average net percentage change in like-for-like mid-level (years 5 to 8) associate compensation levels: 0%
  • Average net percentage change in like-for-like senior (years 9+) associate compensation levels: +3%
  • Average overall net percentage change in like-for-like associate compensation levels: +1%

Provided that associates meet performance targets, they will typically advance up a seniority level in lockstep compensation grids annually. The average annual salary increase for an associate advancing up a level on a lockstep grid in Paris during the first 10 years of practice is 8%.

Headcount growth – Paris

All personnel

  • Percentage of firms surveyed that increased total headcount during the past year: 50%
  • Median net percentage change in total headcount (among all firms): 0%

Fee-earners

  • Percentage of firms surveyed that increased fee-earner headcount during the past year: 33%
  • Median net percentage change in fee-earner headcount (among all firms): 0%

Support staff

  • Percentage of firms surveyed that increased support staff headcount during the past year: 42%
  • Median net percentage change in support staff headcount (among all firms): 0%

Billing – Paris

Comparing the 2017 survey results with those of 2016 yielded the following results:

  • Average overall net percentage change in like-for-like associate standard hourly billing rates:  -2%

It remains fairly standard for individual associates’ billing rates to increase annually, based on increasing seniority. The average annual step increase is 7% during the first eight years of fully qualified professional practice.

  • Average hourly billing rate recorded internally last financial year: €424
  • Average rate billed to clients last financial year: €321
  • Average rate collected last financial year: €318
  • Average realisation rate last financial year (actual collected rates/standard rates): 78%

The above article contains extracts from the Paris sections of the Paris and Brussels 2017 Legal Market Intelligence Report. The full version of this report contains further data, including detailed compensation, benefit and billing rate benchmarking tables for all levels of fee-earners and business support staff. For further details and pricing contact Gwilym Davies at gdavies@GlobeBMG.com or on +44 (0) 20 7940 6858.