It is Christmas Eve 2008 as I write this article. The papers are full of doom and gloom. The TV is broadcasting the annual disaster movies, including Titanic, and every time I see it I imagine that one day a crew member will see the iceberg, call "about ahoy" and avert the tragedy.Well, for the last decade, I have been shouting, nay screaming, about the iceberg awaiting law firms. I have been warning the good ship Law about the dangers of defective billing systems, excessive charges and a lack of compliance to rules governing the quantification of legal costs. The biggest offenders have appeared to be City law firms.
January 21, 2009 at 08:04 PM
1 minute read
The original version of this story was published on Legalweek
It is high time that law firms brought an end to hourly rates and embraced alternative billing methods, argues Jim Diamond
It is Christmas Eve 2008 as I write this article. The papers are full of doom and gloom. The TV is broadcasting the annual disaster movies, including Titanic, and every time I see it I imagine that one day a crew member will see the iceberg, call “about ahoy” and avert the tragedy.
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