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>диваниerbium doped fiberFinancial Times reports that the Magic Circle firms are seeing their profits fall as the credit crunch finally catches up with the firms who have been benefiting from the boom time deals. This has resulted in redundancies, pay freezes and discounted work, yet many of the corporates are reporting that the work [...]

The FT reports that the
UK law firms are being pushed to reform hourly fee system which is coming under pressure from clients complaining of high fees at a time of soaring legal industry profits.

Many of the top firms are starting to offer alternatives to hourly rates and making more use of cost-cutting business practices, such as putting services [...]

Having spent months consulting with lawyers at all levels, senior law firm management and senior in-house counsel.  Without exception, they have shown great interest in the positive business, career and all-round financial ramifications that a high-quality outsourcing market for lawyers working on a contract basis will provide.
So it is exciting to note that we [...]

Results just published are showing that trainee retention rates across the UK’s elite legal profession are holding steady, with many firms keeping hold of more than 90% of their intake despite a sharp dip in City lawyers’ overall business confidence.
Legal Week reports that:

The results come despite business confidence among the UK’s top lawyers recently faltering, [...]

The work-life balance of the UK’s lawyers has come under scrutiny as part of a Law Society review to see why record numbers appear to be leaving the profession.
Some say the popular belief that the life of a City lawyer is all about big bonuses, expensive holidays and flowing champagne is misguided and, in fact, the [...]

What the top flying corporate associates want for Christmas is a partnership.  A quick straw poll of group of hot young things is met with a resounding ‘yes’.  They all admitted, whether overtly or in a more subtle way, that partnership has and will always be, their career goal.
Partnership remains the pinnacle of success in private practice.
But with only 3% [...]

In the latest Legal Week Intelligence’s Employee Satisfaction Survey the change in attitudes towards the end game in legal jobs is recorded.  
One in 10 lawyers are already aiming for alternative career paths, according to Legal Week research that shows only a third of female assistants aspire to be partners at their own firm.

It is interesting to [...]

Gemma Westacott writes in The Lawyer that the Legal profession most stressful in City.

The law is one of the most stressful professions in the City and clients are largely to blame, according to Marco Martinez, business development director of corporate services at The Priory.

Reflecting on his experience as a banker, Martinez said the legal [...]

The Job Journal reports that the demand for temporary labor will grow three times as fast as openings in the permanent workforce over the next decade, according to the Bureau of Labor Statistics. Legal, computer and management jobs are likely to be the occupations most in demand, according to the 2007 Temporary Jobs Guidebook, produced by [...]

Sathnam Sanghera writes for The Times about the  juxtaposition of two stories in The Times last week – one reporting that top-flight City lawyers were charging as much as £1,000 an hour for their expertise, another that a quarter of lawyers wanted to leave their profession – raised a pertinent question: just why are those [...]

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