Many firms are hearing, loud and clear, from clients seeking a little billable-hour love during these harsh economic times. For two decades, substantial rate boosts were an annual rite. But no longer. Industry observers say clients are requesting -- even demanding -- a smaller tab. And the billable hour is facing an even more serious challenge than freezes or discounts, with some analysts predicting that the law industry will have to be hauled kicking and screaming into a new era of fee structure.
Billable Rates Now Under Siege Due to Recession
March 17, 2009