Biglaw Firm Breaks The Secrecy Over Partnership Decisions Revealing Just How Many Billable Hours It Takes
// Let’s call this one a victory for transparency.
According to an internal memo circulated in May, the Biglaw firm of Hogan Lovells has come clean about exactly how many hours it takes if you want the brass ring of partnership. Drumroll, please. It’s 2,400.
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Sponsored How Your Team Can Leverage Legal Billing Guidelines The ultimate guide to creating, communicating, and enforcing your outside counsel policies. From Above The Law and SimpleLegal“When it comes to chargeable hours, about 1,700 is what we like our people to work towards. The rest of the contribution is things like lots of training, knowledge management, pastoral care, pro bono and DEI work as well as other contributions to the firm’s culture.”
And the illuminating memo from HoLove CEO Miguel Zaldivar is meant to demystify the process. As insiders at the were quick to point out:
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Points to the Biglaw firm for its honesty.
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Originally posted on: https://abovethelaw.com/2022/05/biglaw-firm-breaks-the-secrecy-over-partnership-decisions-revealing-just-how-many-billable-hours-it-takes/