London, Aug.14 (ANI): A senior lawyer in India earns almost 54 times the country's gross domestic product per head of population, compared with 5.4 times in the UK, a study has found.
According to a survey published in the Law Society Gazette, Indian lawyers are also more confident of job security, with 94 per cent feeling secure in their roles, compared with 89 per cent in the UK.
The figures emerge in a study of lawyers in BRIC countries (Brazil, Russia, India and China) conducted by a recruitment consultancy, Laurence Simons.
Overall it found that senior lawyers in the BRICs earned an average of 23 times the per capita GDP.
After India, the biggest differential is in China, where lawyers earn 19.4 times per capita GDP.
Brazil and Russia follow with ratios of 12.7 and 6.8 respectively.
In terms of absolute earnings, Indian lawyers are the worst off in the group, with average total salaries and bonuses of 51,868 pounds.
Brazilians are the highest earners at 93,966 pounds, while the UK average is 134,504 pounds, the study says.
Chinese lawyers earn 76,986 pounds on average.
Optimism about the economic outlook is also high among BRIC lawyers.
Seventy percent of Brazilian and Indian lawyers taking part in the survey felt positive about their country's economy.
Meanwhile, 78 percent of Brazilian lawyers and 74 percent of Indian lawyers say they would consider moving internationally for work, compared with only 48 percent of lawyers in the UK.
Naveen Tuli, Laurence Simons International's managing director, said the emergence of the BRIC country economies has had a big impact on the profession.
"The largest firms have established offices around the world, and the need for in-house lawyers at large companies has both created a domestic market for legal talent and also broadened the scope of the international market. These are dynamic markets with fast expansion and strong candidate movement," he said.
The Laurence Simons global salary survey was conducted amongst 3,700 lawyers with an average of 10.9 years' post-qualification experience. (ANI)
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