Feb
25
UK Law firms to review hourly fee system
February 25, 2008 | Leave a Comment
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 [...]
Feb
10
Freelance lawyers
February 10, 2008 | Leave a Comment
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 [...]
Jan
20
Trainee Retention
January 20, 2008 | Leave a Comment
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, [...]
Jan
4
Work Life Balance in 2008
January 4, 2008 | Leave a Comment
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 [...]
Dec
17
Partnership Aspirations
December 17, 2007 | Leave a Comment
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% [...]
Dec
5
High attrition rates for female lawyers
December 5, 2007 | Leave a Comment
The Lawyer reports that The Association of Women Solicitors (AWS) has spoken out against the high attrition rates among female lawyers, identifying inadequate childcare and inflexible working arrangements as the major causes.
AWS chairwoman Susha Chandrasekhar commented that “The high attrition rate hits men as well as women but it hits women disproportionately. Women are [...]
Nov
13
Work life balance
November 13, 2007 | Leave a Comment
In the 2007 Legal Business Assistant Survey By Stephen J Doggett, they find that:
With assistants in short supply, firms must be more scientific about how they attract and retain the best.
It goes on to identify that the law firms when trying to attract Britain’s brightest assistant lawyers have generally followed three paths.
Some put out vague messages about [...]
Oct
1
Flexible working
October 1, 2007 | Leave a Comment
An increasing number of UK law firms is recognising the importance of offering their staff flexible work hours as employees seek to balance their work lives and private lives, but while programmes are supposed to be open to everyone, it seems to be mainly women with children who take them up. more…
Aug
8
Gen "Y" seek non-partnership roles
August 8, 2007 | Leave a Comment
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 [...]
Jul
30
Most Stressful Job - City Lawyer
July 30, 2007 | Leave a Comment
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 [...]