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The billable hour can give mid-market firms an advantage when competing against Big Law because of the lower hourly rates, but not so when up against their peers. Moving away from it can be profitable for certain matters. But there are risks too.
September 06, 2019 at 05:00 PM
1 minute read
The original version of this story was published on Mid Market Report
Editor’s Note: This story is adapted from ALM’s Mid-Market Report. For more business of law coverage exclusively geared toward midsize firms, sign up for a free trial subscription to ALM’s weekly newsletter, The Mid-Market Report.
The billable hour gets knocked around, criticized, its death predicted, only to continue on, and while the discussion of doing away with it usually centers on large law firms, it’s a subject mid-market firms need to wrestle with too.
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