The rate with which write-offs have greater this 12 months must be sounding loud alarm bells. Now not best have 75% of NA and 64% of UK corporations showed an build up this 12 months, however 55% of NA and 48% of UK corporations ascertain that write-offs have greater via greater than 10%.
— An excerpt from new file from prison tech corporate BigHand, regarding an build up in write-offs that “must be elevating eyebrows” as a result of it will do severe injury to Biglaw earnings. In reaction, corporations are “using attorneys onerous to extend billable hours” however BigHand analysts say this is able to put ability prone to making lateral strikes as a result of “attorneys, particularly the following technology, don’t need to paintings extra hours.”
Staci Zaretsky is a senior editor at Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to e-mail her with any guidelines, questions, feedback, or reviews. You’ll practice her on Twitter or attach along with her on LinkedIn.