Billable Hour Dying So Slowly, You’d Think It’s Billing By The Hour
Death, taxes, and the impending demise of the billable hour. Every year, we hear about killing the billable hour and every year, it lives...
Fully Fixed-Price Legal Services: How Your Firm Can Make the Switch
There is a huge interest in fixed-price legal services. We have new clients asking us for specific costs daily. According to recent research, two out...
The Shift to Flat Fee Billing
Even the Traditionalists are considering it….
When one thinks about the legal profession, one of the immediate associations is the billable hour. The dreaded billable...
Be Reasonable, People! AI’s Impact on Legal Fees
The “AI efficiency paradox” lies at the heart of this issue. As AI becomes better at automating legal tasks, it becomes less justifiable to...
AI won’t kill the billable hour in the legal world — it’ll just reinvent...
• Generative AI is transforming the legal industry, but attorneys say the billable hour is here to stay.
• Instead, they...
Largest law firms charge nearly $1,000 an hour, report finds
Partners in New York lead the way by a significant margin, with those attorneys charging an average of $1,562 an hour.
The second-highest hourly rates...
The Secret of Increased Production for Your Law Practice? Accountability
Oftentimes, clients tell me their friends are surprised at the amount of work that is flowing through their firm. But it’s really no secret how...
New Court Fee Tariffs
On May 12, 2023, the Rules Board for Courts of Law officially announced significant changes to fee tariffs and forms that will impact the...
The Leaky Faucet – Where did all those hours go?
Most attorneys know the feeling all too well. They feel constantly busy – emails, meetings, phone calls, messages and travelling. But at the end...
Your Clients Are Not Stupid; Stop Rate-Hiking as if You Think They Are
Historically, firms were able to increase their hourly rates each year like clockwork. However, since the 2008 recession, clients really have begun to question...
You’ve got mail!
There is a gap. The gap is big and it is growing. This gap affects us daily and it needs to be addressed. We...
Invoicing and payment – a lawyer’s guide
When one thinks about how lawyers run their business, one of the first things that should come to mind is this – “bringing home...
