Cravath, Swaine & Moore's presiding partner, Evan Chesler, argues in the latest issue of Forbes magazine that the billable hour must go. But in the U.K., lawyers and clients have never had the same obsession with hourly billing as their American peers. Over the last 20 years hourly rates have become the dominant currency there, but the tide slowly is turning -- and some British companies and firms are much further along in shifting away from the billable hour than their American counterparts.
Kill the Billable Hour? A British Response
The American Lawyer
January 12, 2009