Silhouettes of one health man and one overweight, drinking and smoking man on a set of scales tipped towards the heavier man.

03 May 2016

Life expectancy of those in the lowest and highest socio-economic groups is diverging for the first time since the 1870s

The Cass MBA London Symposium 2016 was opened by Sir Alan Yarrow who reflected on his time as Lord Mayor of the City of London.


Dr Joanna Zaleska, Director of MSc in Management reflects on taking 25 students from the across Cass' masters programmes to Argentina for an international elective focusing on entrepreneurship and start-ups.

 

'Tyranny of billable hours' in professional service firms

New research from the Faculty of Management at Cass Business School found a culture shaped by the 'tyranny of billable hours' in professional service firms that leads to over-charging clients, overworking junior employees and avoiding strategic issues.

The researchers found that professional service firms tend to group clients into 'bill sensitive' and 'unsensitive', and charged accurately and overcharged respectively.

In addition, junior employees are often forced into working into their personal time to complete non-billable tasks. This culture, the researchers point out, hinders competency development at junior level. Progression is measured through the number of billable hours submitted as opposed to improving skills.

Finally, senior members of the firm avoided strategic and leadership issues to focus on bringing in more billable hours.

Professor Spicer said: "If you look at the history of how professional services firms were run, there used to be a strong professional ethos, it was all about collegiality and partnership. But as the big firms have become more like corporations ... billable hours have become more and more important. 

"They talk about client service [being their primary focus], but in fact if you just scratch the surface what you find is billable hours still dominates." 

The study was carried out by Professor Andre Spicer, Cass Business School, City University London and Dr Johan Alvehus Department of Service Management, Lund University, Sweden.

Read the full paper.

The research was featured in the Times newspaper on Monday 6 August. 'Thinking time is money could be expensive mistake.'

Other links include The Australian and People Management

Watch Andre Spicer talk about the research in Cass Talks. Listen, watch and download Cass Talks