Definition of «hourly billing»

Hourly billing refers to a pricing model used by some law firms, consultancies or other professional service providers where they charge their clients on an hourly basis for the time spent working on their behalf. This means that the client is billed in increments of one hour and the total amount charged depends on how much time was actually spent on the project. Hourly billing can be used as a way to measure productivity, ensure accountability or provide transparency for clients who want to know exactly what they are paying for. However, it is not without its critics who argue that it encourages inefficiency and drives up costs.

Sentences with «hourly billing»

  • For consumers, moving away from the «job shop» business model with hourly billing rates towards the «value - chain» business model with fixed fees for discrete legal services. (lawpracticetoday.org)
  • I've posted my criticisms of hourly billing in this publication (here, here, and here). (controllingcorporatelegalcosts.com)
  • Clients are also demanding more flexibility around fees as they seek to move away from hourly billing models. (legalweek.com)
  • (see all sentences)
a b c d e f g h i j k l m n o p q r s t u v w x y z