My experience from graduating from a good top 10 law school with a 2:1 was that it is easy to become overwhelmed with the sheer amount you're expected to read. If it's for an essay then fair enough, but as far as exams in Contract etc are concerned, you can cut a lot of effort out by studying "smart" as the guy above stated.
Although your Tutors will disagree, the exams are a memory game and applying principles to specific examples.
Get all your precendent/case-law/statutes etc sorted. Don't spend hours wading through text books highlighting etc, go straight for your lecture notes and memorize them. I found the loci mnemonic memory method worked wonders come exam time. It takes a little while to learn but pays dividends and will make it easy for you to memorize all case-law with specific judge's opinions as well if you want. Use your seminar notes to see how principles learnt in lectures are applied. This will cut your workload significantly and is the sort of level you need for a 2:1 if you want a social life. The difference between what's expected for a 2:1 and a 1st can be huge so don't expect this approach to get you a 1st but this is pretty much how I got through my first 2 years of law school.
Oh, and don't use ostentatious language, keep it to the point and don't sound like an ass.