According to rumor and legend, there was a time when lawyers, including Big Firm lawyers, did not have to bill a minimum number of hours each year. Apparently, they were merely required to get their work done. Madness.
Luckily, some managing partner figured out that Big Firms could make more money off of their Associate Cogs (and even their Partners) by requiring them to bill clients for a minimum number of hours each year.
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