An "opt-in" project formed by a group of Heller Ehrman attorneys to help keep women in law is recommending that firms do away with the billable hour. And in the midst of a new round of salary wars, the group is calling for less money and less hours to stem attrition in the associate ranks. The group's report cites one survey that found a 57 percent attrition rate for associates before their fifth year and another that found female associates were more likely to leave private practice than male associates.
Eliminating the industry standard could encourage female attorneys to stay at firms, says group.
All in Favor of Axing the Billable Hour ...
June 7, 2007