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.
January 13, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In “Silver Blaze“, Sir Arthur Conan Doyle’s 1892 short story, Sherlock Holmes solves a murder mystery by drawing a key inference from the dog that didn’t bark.
In our world of law, things have been much noisier, triggered by the credit crunch, dramatically down results for law firmsi and Evan Chesler’s Forbes salvo, calling for an end to the billable hour.
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