The billable hour has been the brunt of criticism - mounting criticism - for many years. Blamed for its lack of flexibility, its alleged inefficiency and even for creating high burnout rates in the legal profession.But the billable hour remains.With lawyers required to bill from 1700 to 2500 hours years, the pressure to 'hit budget' has never been greater.And, perhaps, the … [Read more...]
When Will the Billable Hour Die?
JD Supra Perspective - Lance Goddard*I recently talked to John Chisolm, a former practicing lawyer and law firm CEO who works with firms around the globe to help them evolve from traditional billing – by the hour – to what has become known without irony as non-traditional: pricing services based on their value. This is the second part of our conversation, in which we talk … [Read more...]