The dream of the 9-to-5 in-house workweek is quickly unraveling, reports Melissa Maleske of Law360. A 2015 global census by the Association of Corporate Counsel found that worldwide, in-house counsel workweeks average at 49 hours, with India reporting the highest average hours at 54 per week. The U.S. falls only slightly behind with a 50-hour week average.
The 2015 ACC Global Census also ascertained that close to 80 percent of in-house counsels work 40 to 59 hours per week. The research and development industry were reported to have the highest increase in in-house counsel workloads.
Salaries have also moved towards the extremes, with “more corporate counsels making $100,000 or less and making $300,000 or more,” Law360 reports from the census.
The ACC concludes that that while “many cite greater work-life balance as a key factor in coming in-house…in-house lawyers are [now] working an extended workweek.”
According to data collected by ALM Intelligence, the percentage of equity partnerships across the Am Law 100 has been declining for ...
Attracting lateral talent in a world that has taken much hiring to the virtual level creates challenges, but today’s law firms are r...
In-house attorneys have always extolled the abolishment of the billable hour as a major plus over traditional firm life. But now, T...