Partners at law firms in the UK are expected to clocked up 263 more hours in the office this year than they did in 2014, as accountants and other professionals have crept in on their territory.
According to research published by legal recruiter Laurence Simons, law firm partners will work an average of 2,622 hours – or 55.75 hours a week – in the year to September 2016, compared to a comparatively leisurely 2,359 hours in the 12 months to September 2014. Laurence Simons has warned that longer hours could be a sign that traditional law firms are having to do more to compete with Alternative Business Structures (ABS), which were introduced by the Legal Services Act 2007 and allow non-lawyers to own and invest in law firms.
Legal eagles also outdo their bean-counting chums for the number of hours toiled away at the office. Research from accountancy recruiter, and Laurence Simons' sister company, Marks Sattin found that accountants are working average of 43 hours a week, while Laurence Simons discovered that the average lawyer is putting in 48.2 hours a week. Fortunately for the lawyers, the additional hours at their desk have equated to boosted profits. A study by professional services firm Deloitte released late last year discovered that fee income at the UK's top 100 law firms had risen by 4.5 per cent year-on-year in the six months to 31 October 2015.