Bloomberg Law
Aug. 24, 2021, 6:43 PM

Big Law’s Blowout Year Piling Hours on Associates, Survey Shows

Roy Strom
Roy Strom
Reporter

An unrelenting work surge is padding Big Law partners’ pockets while associates feel the burden of additional tasks, according to a Wells Fargo Private Bank survey.

Revenue grew 16.5% in the first six months of the year at the 50 largest U.S. law firms compared to the same period in 2020, the survey showed. Net income rose 38% at the firms compared with last year.

The firms’ associates are on pace to bill 1,817 hours on average this year; up nearly 10% from 1,652 hours a year ago, Joe Mendola, managing director in Wells Fargo’s legal specialty group, said in ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.