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Italy Leads European Lawyer Salaries

When I think of Italy (a country I've never visited), vacation, leisure, slow-cooked food and a balanced lifestyle all come to mind. So I was surprised to read in this Bloomberg Survey that:

Italy's top lawyers are the highest paid in Europe, earning about 1.3 million euros ($1.7 million) a year, followed by partners in Germany, Spain and the U.K., a survey found.

According to the article, corporate, banking and capital markets, as well as highly associate-leveraged firms, explain Italian lawyers' hefty profits.

At the same time, life as a rich Italian lawyer isn't available to all; there's a huge disparity between high and low earners. From the article:

While some Italian lawyers may be millionaires, there is a large spread between the high earners and less experienced partners, said Franco Bonelli, a Genoa and Milan-based corporate partner at Bonelli Erede Pappalardo Studio Legale.  In England, the gap between the highest- and lowest-paid partner may be 2.5 times, while in Italy ``the highest paid partner can get 10 times more,'' Bonelli said in a telephone interview yesterday.

And surprisingly, Italian lawyers don't top the chart for billable hours. German lawyers billed the most, followed by U.K. lawyers, with Polish lawyers at the bottom of the rankings. 

Posted by Carolyn Elefant on March 1, 2007 at 07:54 PM | Permalink | Comments (4)

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