Legal Research

"In Defense of the Billable Hour: Bad, or Just Misunderstood?"

In the news: "The imminent demise of the billable hour has been predicted for years, maybe now more than ever. And yet, like Rasputin, no matter whether one tries to stab it, shoot it or poison it, the billable hour somehow survives. But is it really as bad as clients think? Trial lawyer Press Millen argues that clients may be misguided if they make firm retention decisions mainly based on hourly rates. Millen gives five reasons why looking only at hourly rates doesn't tell the full story when it comes to the bottom line."

Here are five reasons why it's a trap:

1. It ignores arithmetic...

2. It ignores knowledge...

3. It ignores experience...

4. It ignores "magic..."

5. It ignores wisdom...

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Source: Law.Com's Daily Legal Newswire. 18 May 2009. Copyright 2008.  ALM Properties, Inc. All rights reserved. Subscribe <http://store.law.com/registration/register.asp?subscribeto=nw>.

Full post as published by Stark County Law Library Blawg on May 18, 2009 (boomark / email).