A changing economy and the "billable hour"
January 30, 2009 at 11:02 AM
Given the current economic crisis, and the collapse of large firms such as Heller Ehrman and Thelan, there is growing concern over the future viability of billing by the hour for legal services. The New York Times has an article published today that describes the tension between clients and firms regarding billing practices. Although this is a long-debated subject, the present economic crisis is making it more pressing.
Billable hours giving ground at law firms -- NY Times