The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
US firms in London are far less encouraging of work-life balance than their UK peers, according to respondents of Lawyer 2B’s survey of stress in law survey.
The survey found that some 70 per cent of lawyers working at US firms in London thought their firm’s senior management “didn’t really” encourage employees to maintain a work-life balance, compared with 29 per cent of magic circle lawyers and 46 per cent of those at other large London firms who felt the same way.
Management at boutique London firms were the most likely to be seen as genuinely supporting a good work-life balance.
However, the survey also reveals that despite this, magic circle lawyers at every level generally worked longer hours than their US firm counterparts.
One quarter of US firm trainees reported typically working more than 55 hours a week, compared with 57 per cent of those at magic circle firms. At qualified lawyer level, 75 per cent of magic circle lawyers were averaging more than 55 hours per week compared to 68 per cent of US firms’ lawyers.
Magic circle lawyers rated themselves more stressed than their US firm counterparts in virtually every category in the survey. The only area that caused lawyers at US firms more stress was that of red tape and bureaucracy.
What are your chief causes of work-related stress?