As charge-out rates rocket alongside inflation and interest rates, top in-house lawyers say that the need to revolutionise the billable hour model is more urgent than ever.
July 12, 2023 at 05:59 AM
9 minute read
The original version of this story was published on Law.com International
For many years, the billable hour has been the foundation stone upon which corporate law firms’ accounts are built.
The steady tick of the clock, and the further division of hours into six-minute intervals, provides a model which offers certainty that there will never be a sluggish period of low billing between clients.
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