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The Big Five law firms is a term informally used in South Africa to refer to those law firms which, collectively, are perceived to be the leading law firms based in South Africa. The following firms are usually seen as comprising the "Big Five" (listed alphabetically): [ discuss ] [ 1 ] [ 2 ] [ 3 ]
This is a list of global law firms ranked by profits per equity partner (PPEP) in 2021. [1] Firms marked with "(verein)" are structured as a Swiss association . These are estimates and equity partners can make vastly different salaries inside the same firm.
In South Africa, [1] Attorneys are lawyers who provide legal advice and representation to clients, aiding individuals and businesses in their legal dealings, and as required, handling related correspondence and writing up contracts. In litigious cases, or when an opinion is required, the attorney will "brief" an Advocate; [1] see below.
The legal sector contributes to +- (0.5% to 1%) to GDP in South Africa. [79] The growth of South Africa's legal sector is based on the economy and business confidence, which increases deal flow and the value of the deal. [80] In 2017, the South African legal sector was estimated to be worth R30bn. [81]
The gross average monthly wage estimates for 2023 are computed by converting national currency figures from the United Nations Economic Commission for Europe (UNECE) Statistical Database, compiled from national and international (the CIS, Eurostat, the OECD) official sources. Wages in U.S. dollars are computed by the UNECE Secretariat using ...
Lawyers working directly on the payroll of governments, nonprofits, and corporations usually earn a regular annual salary. [188] In many countries, lawyers can also volunteer their labor in the service of worthy causes through an arrangement called pro bono (short for pro bono publico, "for the common good"). [189]
South African median employee earning is R2800 a month (USD 189.45) and the average earning is around R8500. These figures are found in SA statistics. Indeed, they reflect the huge gap in the South African society with a large proportion of the population under poverty line that does not have the same opportunities for employment.
This page was last edited on 29 November 2023, at 22:45 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.