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Mishcon de Reya cuts billable targets by 20% to encourage tech-minded lawyers to be more innovative

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Follows similar move by Reed Smith

A handful of lawyers at City outfit Mishcon de Reya have had their billable hours slashed to encourage them to be more innovative.

The outfit confirmed a “small group” of associates in its London office have had individual chargeable hours targets cut by up to 20% to enable them to spend more time on innovation and technology projects. Mishcon, one of a number of firms not to disclose its billable target figures, said there are currently no plans to extend the initiative business-wide.

Mishcon’s chief technology officer, Nick West, said:

“We encourage all of our people to come forward with any ideas they have — innovation is not restricted to those who have dedicated time to allocate to it. We are constantly looking for ways in which we can deliver more for our clients through optimising technology and ways in which we can streamline our own ways of working. Our new ideas come from a collective enthusiasm for driving improvements and working smarter.”

Mishcon’s billable hours move comes just weeks after fellow City player Reed Smith announced a similar scheme.

The 2018 Firms Most List

As part of Reed Smith’s Innovation Hours programme, lawyers at the firm can allocate up to 50 billable hours working on special tech and innovation projects. Legal Cheek’s Firms Most List shows the outfit’s London-based lawyers currently have a target of 1,600 billable hours. This means around 3% of lawyers’ time could be spent dreaming up weird and wonderful projects.

Mischon was one of the first law firms to launch an in-house innovation hub. Now a hot trend across the City, Mishcon’s MDR LAB welcomed six start-ups through its doors last summer. The firm went on to make financial investments in two: Everchron (litigation management software) and Ping (a programme that automates timekeeping for lawyers).

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11 Comments

Anonymous

lol

(4)(3)

Anonymous

But someone pood in the soup!

(1)(0)

Name (optional)

Feels like you’ve written only the first half of what would be a cracking article if complete, you’ve basically just re-spun the press releases on the Reed Smith and Mishcon De Reya websites from earlier on.

NEXT!

(10)(0)

Autofill

So… I’m sure everyone else has noticed that Legal Cheek has now posted an advert for ULaw as their next “article” for the day.

At least you had the common sense to disable comments on the article itself – but I’m happy coming here to let you know that you’re taking the piss. Please hand the reigns over to someone who gives a shit about writing decent articles on legal topics.

(2)(0)

C P

My pants are on autofill

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Anonymous

Probably selected underperforming associates that are trying to leverage towards central services such as client-relationship managers and the like.

(5)(6)

Some guy at Mishcon

Nope. Associates selected are STEM graduates.

(8)(3)

Anonymous

Ah, bless, you think they’re different.

So much to learn.

(2)(6)

Anonymous

Hah, you dog. You actual filthy, dribbling, stenchy animal. Acting like you’re king of the kennel when really you are just a piece of sh*t on my shoe. Go eat a cucumber.

(0)(1)

Anonymous

Woof

(0)(0)

Where will I now spend all this extra time???

Pub

(5)(0)

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