The imminent demise of the billable hour has been predicted for years, maybe now more than ever. And yet, like Rasputin, no matter whether one tries to stab it, shoot it or poison it, the billable hour somehow survives. But is it really as bad as clients think? Trial lawyer Press Millen argues that clients may be misguided if they make firm retention decisions mainly based on hourly rates. Millen gives five reasons why looking only at hourly rates doesn't tell the full story when it comes to the bottom line.
In Defense of the Billable Hour: Bad, or Just Misunderstood?
The National Law Journal
May 18, 2009