Sentences with phrase «of billable»

So, beginning in early 2010 and continuing through at least May of 2012, Rappaport and ALC received a firsthand and costly education on dangers of the billable hour, as their «trusted» attorneys at Lowenstein put their financial interests ahead of the efficient and effective resolution of their client's legal issues.

If you're working with an internal legal team, you'll see an increase in their output — because they'll be spending less time on time - consuming tasks involved in the contracts process; and, if you're working with an external legal team, you'll see savings reflected in the number of billable hours they spend on your work.

Recently, the management of that same firm made a very public statement — almost a declaration of intent — that legal AI tech and the automation of parts of its billable work was going to be central to their strategic future and was pivotal to their relationships with clients going forward.

By contrast, Gura lost more than six full weeks of billable time for the six years that he handled the case.

While they are genuinely interested in making a change, in most cases it is not because they inherently know of and understand the limitations of the billable model.

Say goodbye to endless escalations of billable hours and faceless juniors making up the numbers.

But if alternative billing is going to center on fixed or contingent fees, the recording of billable hours is going to become irrelevant for at least that portion of the work not billed by the hour.

This is the paradox that exists at the crossroads of having plenty of billable work and a limited number of peak performance hours.

Typically in Australian firms lawyers are in a lock - step system for the first two years of practice, following which pay increases are dependent on performance assessed, in large measure, by satisfaction of billable hour targets.

4) You refer to my «continued attachment to the billable hour,» but any reader of my pieces on the billable hour or value billing know that (a) I have frequently advocated using alternative billing [see my opening above], while (b) defending the ethical use of billable hours (see chronomentrophobia).

We understand the demands of the billable hour.

Look at the number of billable hours lost to invoicing, balancing accounts and practice management.

Since the 1990s, leaders of the legal profession have been talking about change and progress: the death of the billable hour, the automation of commodity work, the use of project management principles and more.

Plus, after one month my amount of billable hours increased 70 % over the past 6 - month average - Incredible!

We were able to increase the percentage of billable online research costs significantly.

The legal media and blogosphere are filled with criticism of law firms and the legal profession by in - house counsel (and others) for their lack of business acumen, high costs, continued use of the billable hour, unsustainable business models, poor communication skills, and so on.

[/ a] In fact, 46.8 per cent of respondents to the annual Canadian Lawyer Corporate Counsel Survey said the billable hour is still the main arrangement they have with their primary law firm, followed by a combination of billable hours and flat fees at 31 per cent.

These different operations represent a colossal volume of billable hours for the legal community.

A story in this issue's news section (see page 8 of digital edition) explores the thoughts and ideas put forward by three law firms — Borden Ladner Gervais, Gowlings, and Cognition — during that webinar, about the state of the billable hour.

And she would really like to see an end to the «soul destroying» effects of the billable hour.

It's bound to increase the amount of billable work lawyers in private practice have.

You need potential clients to read and comment on your site, and for you to comment on other legal sites, all on top of your billable hours.

; and by forcing the move from paper to electronic, lawyers are making more of their billable research recoverable.

there was a small increase in the firms reporting that security breaches «created downtime or loss of billable hours» (30 %)

This is going to be the case whether compensation is calculated in terms of billable hours or some other mechanism.

It is true that many associates and partners are compensated by measuring their productivity in terms of their billable time.

McLachlin asked if those same questions were put to a law firm or legal organization where the standard law firm model of all billable hours at the same price, regardless of merit, would perhaps be shown to be one of the reasons there aren't more women in law firms.

On the flip side of plaintiffs» work, those working from the defense perspective must track all of their billable time and meet daily, monthly and yearly billable quotas.

The fully - loaded hourly cost — which should capture the total cost to the company of employing its lawyers — is what the lawyers would have to charge their clients for their equivalent of billable work to cover all the department's costs.

But the dominance of billable hours has had precisely this result.

This is especially true in the legal industry, as we continue to debate the relevance of the billable hour and, more importantly, its replacements.

We believe that rewarding the mere accumulation of billable hours provides the wrong incentive, can result in unhealthy competition among lawyers, and can detract from client service.

It's only in the 2oth Century, with the advent of the billable hour, and in the 21st Century, with an emphasis on financial decision - making, that pricing has become synonymous with numbers.

Compliance is less profitable now, and it's going to be a lot less profitable down the road as software and systems take over more and more of the billable tasks and time.

Keep in mind the internal costs of billable hours and marketing staff when defining project cost.

The old days of the billable hour are coming to an end, if they haven't already ended.

I use the mobile app to add time entries for calls that I've taken outside the office so I don't miss a minute of billable time.

As law firms become more willing to debate the pros and cons of the billable hour and other fee arrangements with clients, innovative firms are experimenting with alternatives.

This new approach does have its costs, including potential losses of thousands of billable hours.

These include everything from the elimination of billable hour requirements at venerable firms such as Quarles & Brady to flex - time arrangements such as that instituted at Howrey under which associates can opt to work fewer hours for less pay.

Effectively running a legal practice requires more than the measurement of the billable hour.

The Fort Wayne destination divorce service, meanwhile, offers you a weekend with «no lawyers, no judges, no courtrooms, no fear of billable fees.»

But keep in mind that the end of the billable hour might result in some changes to your legal education, and law students have different learning styles than the rest of the population.

As with the reporting of billable hours, members of staff typically are on an honor system with respect to categorizing time as administrative.

Especially in firms with a strict up or out policy, reporting substandard levels of billable hours can be damaging to one's career progression.

With the ever increasing reduction of the billable hour, the need for cost recovery associated to legal matters is stronger than ever, however today is as much about managing and controlling your costs as it is simply recovering them.

Quite some years ago the American Bar Association released a discussion paper about the future of the billable hour.

In fact, many women see what many men do not — that these changes may be liberating for lawyers, freeing them from the yoke of the billable hour, bringing greater flexibility to their lives, and allowing them to use collaborative skills and talents that the current system has suppressed.

One of the most important steps we can take to improve access to justice in our community is to simply get rid of the billable hour and replace it with more transparent and value - based pricing arrangements.

According to a 2007 survey of AmLaw 200 recruiting partners and legal consultants, firms spend as much as $ 250,000 to recruit a single summer associate, including all of the billable lawyer time spent recruiting and the hard costs (dinners, plane tickets, beach towels with a firm logo).