Law practice partners see average billable fees fall

Law practice partners have witnessed average billable fees fall by nearly £1m a year over the course of the downturn, according to legal recruitment specialist Ambition.

Law practice partners have witnessed average billable fees fall by nearly £1m a year over the course of the downturn, according to legal recruitment specialist Ambition.

 
The data shows that in 2008, partners had been billing average annual fees of £3.3m but by the end of 2009 this figure had fallen to £2.4m.
 
Consequently law firms have been hiring business development managers, client relationship specialists and other marketing support staff in order to help boost billing levels. which has helped drive up the number of business development vacancies. In London such vacancies have risen 54% over the year.
 

The data also shows that while in 2009, 39% of law firms expected to cut their number of support staff further in 2010, vacancies for support staff have risen by more than half over the last year.

APPOINTMENTS: 14-18 APRIL 2025

This week’s appointments include: Eventus Recruitment Group, Matrix, SPG Resourcing

People 14 April 2025

Californian master plan calls for new statewide collaborative to align education, training and hiring needs

In the US, the state of California is proposing to launch digital career passports for the labour market.

Legislation 14 April 2025

Recruiter Searchability transitions to employee-owned

Tech recruitment firm Searchability has announced its transition to employee ownership via an Employee Ownership Trust (EOT).

Contracts 8 April 2025

FINANCIALS: Staffline results exceed market expectations

Recruitment group Staffline has announced a strong performance for the year ended 31 December 2024.

Financials 8 April 2025
Top