The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Tulkinghorn sends his thanks to Gaye Moran, a solicitor and also senior lecturer at London South Bank University, for the following response to the revelation (15 January) about Dewey Ballantine chairman Mort Pierce's remarkable annual hours.
Moran writes: "I'm amazed that any person, human (or with clone?), can purport to bill 3,000 hours per year. The maths go something like this: 3,000 divided by 365 (days in a year) = 8.21 hours per day. But no one works every single day of the year for a full 8.21 hours. So we look at 365 days minus 7 bank holidays = 358 minus 20 days holiday (which is the minimum that I would guess for a senior employee) = 338 minus 104 (weekends) = 234 days. 3,000 divided by 234 = 12.82 hours per day. If this person eats or pees then he must extend his working day accordingly. So if he starts his day at 9am he must work on billable matters without any break until 10pm. If he stops for a toilet break or to eat he may not leave work until he has completed his daily 12.82 billable hours.
Yours with awe, Gaye Moran, solicitor, senior lecturer, London South Bank University."