It was big news when the opinion piece "Kill the Billable Hour" by Evan R. Chesler, presiding partner at Cravath, Swaine & Moore, appeared recently. And even though law firm leaders generate nearly $80 billion in revenues, mostly from billable hours, no one has come forward to defend it or short-term profit maximizing as serving the interests of the profession, clients or society, notes Paul Lippe, a founder and CEO of Legal OnRamp. He suggests that the billable hour's tipping point may have arrived.
Has the Billable Hour Met Its Tipping Point?
The American Lawyer
January 13, 2009