Billable Hours
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BCLP offers lawyers ‘time-off bonuses’
New policy aims to encourage outside interests and family time; also sets aside hours for diversity and innovation
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Big UK firms ramp up billable targets as ‘profit leakage’ increases
Nearly half by over 10% ⏰
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Journal
Will legal tech doom the billable hours model for law firms?
Oxford University history student Lewis Ogg looks into the impact of legal tech on the way firms charge for their legal services, and calls time on billable hours
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Reed Smith counts ‘sustainability hours’ towards billing targets
New 25-hour policy considered to be ‘industry-first’
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BCLP bumps target hours following pay hike
Global firm raised NQ salaries to almost £100k last month
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Reed Smith joins NQ salary war with 19% boost to £107.5k
Juniors billing 2,000+ hours will earn £132.5k
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Norton Rose Fulbright ups NQ base salaries 12% to £95k
‘Total cash’ can reach £133k with bonus, says firm
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Pinsents ditches billing targets in bonus shake-up
International firm will now set financial rewards against criteria including colleague trust and environmental impact
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Diversity and inclusion efforts count towards billable targets, Hogan Lovells tells lawyers
Credit system applies to activities including organising D&I events and mentoring underrepresented colleagues
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Reed Smith ups NQ lawyer pay — and billable hour targets
Rookie pay hits £90,000, as billing targets increase from 1,650 to 1,700 hours
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Clifford Chance mulls scrapping billable hour as performance metric
Pilot applies to trainee solicitors and up
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Billable hours: NQs work harder than mega-earning partners
And trainees aren’t far behind
