Topic
Billable Hours
184 published works
Business and Commercial
Is It Possible That The Hourly Rate Model Is Just Misunderstood?
By Patrick Lamb
Awwww. The billable hour model is not so bad, just misunderstood. Such is the hypothesis of a new law.com article, In Defense Of The Billable Hour: Bad, Or Just Misunderstood?. …
Business of Law
Earthshattering News: Layoffs Increase Likelihood Of Padding Timesheets
By Patrick Lamb
You're a young associate. Several of your friends have been "laid off" (most non-law firm types call it being fired). They are struggling with their loans, losing their apartments, having…
Zen and the Art of Legal Networking
Is the Billable Hour on its way out?
Last week, I read a post commenting on the "End of the Billable Hour," which has become a hotter topic in the legal industry in the current economic situation and…
Legal Ease Blog
Billable Hour Buzz – Is Change Really Coming?
By Allison Johs
As many of you already know, in a recent piece on Forbes.com, a partner at Cravath, Swaine & Moore commented that it's time for lawyers to let go of the…
Legal Profession Blog
Rumors of the Death of the Billable Hour Continue to Be Exaggerated
Posted by Jeff LipshawI can't let it pass without comment when a front page story in the New York Times claims "Billable Hours Giving Ground at Law Firms." I don't…
Business and Commercial
Hours Based Bonus + Bad Economy = Warning To Clients (Watch Your Wallet)
By Patrick Lamb
In a Friday post, Above The Law reveals that Arent Fox utilizes an hours-based bonus system. If an associate does not exceed 1950 billable hours, no bonus. And then in…
The Legal Watercooler
The Perfect Storm of Perfect Storms
It’s like the mother of all perfect storms.The Association of Corporate Counsel launches the ACC Value Challenge.Heather Milligan posts Survivor Law Firm here on the Legal Watercooler.Op ed piece is…
Business of Law
Cravath To Declare War On Billable Hour?
By Patrick Lamb
When legendary CBS Evening News Anchor Walter Cronkite announced his opposition to the Vietnam War in February 1968, President Lyndon Johnson is reported to have said, "That's it. If…
Amazing Firms, Amazing Practices
Cravath Swaine & Moore Killing the Billable Hour?
By Gerry Riskin
Evan R. Chesler is a Presiding Partner at Cravath, Swaine & Moore LLP. He has offered his thoughts via Forbes in a piece called: Kill The Billable Hour. There is no…
3 Geeks and a Law Blog
The Paradigm of Profitability
By Toby Brown
Thomas Kuhn's paradigm shift theory says that once a system (usually a scientific school of thought) has answered all the questions it can and then created a bunch of questions…