Managing Legal
Excerpt from the Financial Times article (subscription required) cited in my Wednesday, January 28 post:
“A female partner at Skadden [Arps law firm] says: ‘When a lawyer has done 2,500 billable hours in a year the law firm goes ‘hurrah’. In many other businesses, she says, ‘management would be saying hang on, have we got a mental health issue here? Are we distributing work poorly?As long as our profession charges clients and rewards success and gives bonus by reference to chargeable hours [nothing will change].‘”