In an opinion piece in the current issue of Forbes magazine, Evan Chesler, the presiding partner at Cravath, Swaine & Moore, calls for the end of the billable hour. The essay is the latest entry in a growing conversation about the prospects for change in the way big firms do business. In an interview, Chesler said that he's been raising this issue with clients and in private talks for the last few years, but he notes that "there's a lot of inertia, a lot of 'the devil you know' in this area."
Cravath's Presiding Partner: Time to Kill the Billable Hour
The American Lawyer
January 7, 2009