Sentences with phrase «by billable»

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.

Indeed, Turow identifies litigation as the area of law practice most bedeviled by the billable hour and other negatives of modern day legal practice.

«The real question is whether, overall, the total price approximated by billable hours is an acceptable surrogate for the value to the client... [M] y intuition as a former buyer and seller is that the overall acceptability of the surrogate is indeed revealed by the overwhelming instance of its use in the market.»

In the world of professional services dominated by the billable hour, so - called «gold - plating» can become rampant.

To accommodate time - sensitive work going on in their departments, they spend their presumed job search time consumed by billable hours.

Lawyers live by the billable hour, so every half hour interview cost the firm between $ 200 and $ 500 dollars, roughly.

Either way, there is a fundamental flaw with judging the worth of a junior by their billable hours — something you can only realistically empathise with once you have worked in the profession.

The lawyers must account for themselves by their billable hours.

The thing about physicians and attorneys, particularly attorneys, is they live by billable hours.

Too often, legal services are driven by the billable hour, not the client's overall best interests.

Today's law firms, although gradually adopting more innovative alternative fee structures, are still very much driven by the billable hour.

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.

[3] This system also creates an atmosphere of stress and competitiveness within law firms, as lawyers are overworked for prolonged periods of time, which has also raised serious concerns in the legal industry about the ethical issues caused by the billable hours system.

The legal system and its hurried ways, exacerbated by the billable hour, can be intimidating for anyone.

But the business model underpinning BigLaw that was driven by the billable hour, rates of utilisation and recovery, and leverage needs to be reconfigured to be relevant to the new market conditions for law firms.

For a profession that continues to work by the billable hours model, wading through all judgments, regardless of whether they turn on the facts or the evidence or truly explain or change the law, is not efficient.

Moreover, the writers of the report warn that firms which still charge by the Billable Hour are at risk of being ousted by their agile competitors.

Betsy Stotler: We have to trust them and we gauge it more by billable hour and that's actually one of our struggles.

Believe it or not, many law students don't know or care about the economics of law practice, including concepts like utilization (number of a lawyers» hours consumed by billable matters) or partner - associate leverage (the number of associates managed by a partner).

If Ms. Dyck charges her clients by the billable hour, and begins all professional communications in this same way, then her every client should be given a stopwatch and a copy of Rule 2.08 (1) of LSUC's (Ontario) Rules of Professional Conduct: «A lawyer shall not charge or accept any amount for a fee or disbursement unless it is fair and reasonable and has been disclosed in a timely fashion.»

Not exact matches

Toggl makes small businesses «bigger» by enhancing your time management, identifying wasted time and unprofitable projects, and increasing your team's overall billable hours and productivity.

In her book Law and Reorder, published by the American Bar Association in 2010, she describes a legal profession «where the billable hour no longer works»; where attorneys, judges, recruiters, and academics all agree that this system of compensation has perverted the industry, leading to brutal work hours, massive inefficiency, and highly inflated costs.

With TSheets, some customers have increased billable time by 20 percent!

And he ruffles some papers and he says, «oh I understand what happened — we calculated your age by adding up your billable hours.»

These are not traditional health care services so they have not traditionally been billable by the Medicaid program.

The key point, though, is that by screwing up and releasing a system with lots of bugs, they guaranteed themselves an increase in billable hours, revenue, and profits.

The key point, though, is that by screwing up and releasing a system with lots of bugs, they guaranteed themselves an increase in billable hours, revenue, and - presumably - profits.

The billable hours in these matters is shared by the FME Law Clinic and ATI, the division made on a case by case basis.

A precedent - setting decision at the Ontario Court of Appeal this week strikes at the heart of client concerns over the abuse of billable hours, and provides a legal framework by which clients might be able to reject law firm fees considered excessive or unreasonable.

The billable hour will likely never die, but it's being hunted down by bloggers like Jay Shepherd at The Client Revolution, who explored the concept of «open - price» lawyering.

I was particularly impressed by the depth of the financial data accessible through the app and by the capabilities it offers to track billable time and expenses.

By the time an attorney has spent a few hours writing about a topic, and the article has been reviewed, edited and finalized, the cost - in terms of billable hours invested and out - of - pocket expenses incurred (e.g., ghostwriter)- can run anywhere from several hundreds to several thousands of dollars per article.

The billable hour is dying which is why you are seeing 3rd party outfits (like discoverready) that bill by the document and not by the hour.

The [2018 Report on the State of the Legal Market by Georgetown Law School and Thomson Reuters Peer Monitor] defines «law firm productivity» as «the number of billable hours worked by lawyers divided by the total number of lawyers.»

Billable hours are again being scrutinized as a result of alleged overbilling by a large law firm.

«That [scenario] is what, to many clients, the hourly fee sounds like,» says Calloway, co-author of Winning Alternatives to the Billable Hour: Strategies that Work, published by the American Bar Association.

The New York Times, the Washington Post, US News & World Report, the Legal Times, Of Counsel, Law 360 and the Careerist have quoted Ellen and her email newsletter, Beyond the Billable Hour, has been reprinted by more than 30 print and electronic publications and translated into multiple languages.

By providing standard work descriptions for specific matters which the associates can modify as applicable, you make it easier for them to input their billable hours in a timely and accurate manner.

Even if your legal department is primarily tasked with managing large number of matters handled by outside counsel, the efficient use of LegalMation by your outside counsel can dramatically lower billable hours on key litigation tasks, providing direct - to - the - bottom - line savings for your company.

Use reports to save on storage costs by getting rid of documents that don't belong to billable matters.

Is the legal industry dominated by law firms using a partnership billable hour model where every years profits are distributed at year's end even susceptible to and capable of change?

Diligen helps firms show their customers that they are trimming the fat on monthly billable hours by reducing time spent on due diligence and contract review.

The firm must recognize the partners who have significant billable hours, to acknowledge and reward partners who have developed a reputation or skill level to better service clients, to set a formula which recognizes and rewards marketing efforts, as well as billable hours, and to look at an analysis of profitability in the type of work being generated by particular partners.

If you think about it, it puts us in a rather awkward position because lawyers serve the clients on one hand, but on the other are compensated by the law firm on a billable hour structure.

You've heard the stories of associates chained to their desks by unattainable billable hour demands.

However, lawyers interested in alternative billing methods should see Beyond the Billable Hour, edited by Richard C. Reed and published by the ABA Section of Law Practice Management (1989).

Perhaps the legal services model based on delivery by partnerships, based on inefficiencies built into the billable hour and fueled by bloated staffing and processing should die and be replaced by a new model entirely.

This issue also presents some suggestions for making meaningful mentor - mentee matches; a few interesting items about lawyers» billable hours and clever resources to help lawyers track their time; some recent publications by me and others; and information about upcoming conferences where I will be speaking.

Much of what we take for granted in modern law firms — hourly billable targets, ever - increasing workloads, lengthening partnership tracks, client hoarding by partners, and more — can be traced at least in part to firms» established ability to dictate the terms of employment to a fairly low - cost and easily leveraged labour pool.

Before billing by the hour became the standard, guess what the ABA considered to be a full year's - worth of billable hours for a full - time attorney?