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Corporate Governance
: Nancy Rapoport's BlogspotSeriously, you've heard it here before -- billable hours are on their way out
By Nancy Rapoport
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See this morning's Wall Street Journal (front page, below the fold): here. See also here, here, here, here, here, here, and here. I know I'm becoming a broken record, but there's no way that clients are going to continue to help law firms meet their budgets (and keep associate salaries high--for those associates who still have jobs) on a piecemeal approach when they can simply shop around for equally talented lawyers who are willing to try alternative billing methods.And while I'm on the subject of shopping around for professionals who are willing to do good work for lower fees, don't forget to read the Energy Partners case discussed in this Wall Street Journal blog post (here).
Full post as published by Nancy Rapoport's Blogspot on August 24, 2009 (boomark / email).
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