Baker & McKenzie adds 100 hours to billing target
Roll On Friday reports that Baker & McKenzie has increased its billing targets for associates by 100 hours in 2013, from 1,600 hours to 1,700 hours.
RollOnFriday did some quick calculations to determine what the extra obligation would look like on a daily basis, and determined that taking away weekends and holidays a 1600 hour target works out to be 7 billable hours a day, while a 1700 hour target equals 7.48 billable hours a day.
Stacking these figures up against the targets at other firms, we see that Berwin Leighton Paisner sets a target of 1500 hours, Ashurst asks for 1600, Hogan Lovells has a target of 1700 and Magic Circle firm Allen & Overy expects its lawyers to bill 1750.
A spokesman for Bakers said "we aim to have a world class, high performing culture at every level of our business and this move is consistent with that".