Sentences with phrase «billable hour system»

AFAs provide certainty better than the traditional billable hour system as they are structured directly to the client's budget.

Law firms» billable hours systems highlight the amount of time new mothers and fathers spend at work or otherwise in stark, financial terms.

Indeed, if this Bloomberg story is any indication, the billable hour system is thriving in the Lehman Brothers bankruptcy.

The billable hour system hasn't gone bankrupt yet.

This week in Bigger than Biglaw, Neena Dutta discusses the billable hour system and how networking gave her the confidence to buck the system and go solo.

Boomers, for whom time was a means to an end, will be replaced by Gen - Yers, for whom time is an end in itself — so how much longer do you think the billable hour system will continue?

I don't think there's any consensus about where things should be going (except that the billable hour system doesn't serve clients or associates particularly well) but the fact that a firm is asking the question and willing to look at other options should be seen as encouraging.

Personally, I think the firms that are adapting are the ones who are re-examining or questioning the things that make law firms look like law firms: the billable hour system and billable targets, the rigid division between lawyer and «support staff», divisions into specialist practice groups, rigid relationships with clients, the partnership structure, rainmakers, etc..

Judging from Patrick Lamb's post at In Search of Perfect Client Service, it seems that many in - house counsel are sufficiently dissatisfied with the billable hour system that they're willing to seek out firms that offer an alternative.

The overall effect of the billable hours system evidently poses a serious ethical issue, as many legal practitioners across the profession experience a significant decrease in their quality of life, which affects both their mental health and their capacity to perform in the workplace.

The emphasis which the billable hours system places on the quantity of time which lawyers must spend working has been attributed as one of the leading causes of stress, anxiety and depression amongst lawyers.

The adoption of the billable hours system originated in the 1960's; this system of billing was intended to provide clients with greater transparency about the services which they were being charged for and to measure the efficiency with which a lawyer carried out their job.

In a January 2007 speech discussing changes in law practice, Mark Chandler, General Counsel of Cisco Systems noted, «Upending one's life to support inefficient means of communication, driven by a billable hour system, to maintain a relatively slim chance of making partner, just doesn't cut it.

And, I think that billable hour system is somewhat archaic, especially for immigration law.

In hindsight, I have to thank the billable hour system for my solo success.

It actually is from a Canadian design professional, not a lawyer, and he lays out the twisted history behind how we got to the billable hour system as our predominant means of pricing.

«The billable hour system is the way most lawyers in big firms charge clients, but it serves no one.

The policy reasons for supporting contingency fees was that it would theoretically increase access to justice and save clients money by moving away from a billable hour system.

Upending one's life to support inefficient means of communication, driven by a billable hour system, to maintain a relatively slim chance of making partner, is antithetical with that upbringing.