Perspective
Jun. 14, 2016
Nonhourly fee deal may outweigh hourly
The billable hour has become a signal of deeper issues in our industry that erode otherwise healthy relationships between corporate clients and outside counsel — lack of efficiency, collaboration, transparency and predictability. By Laura J. Maechtlen
Laura J. Maechtlen
Partner
Seyfarth Shaw LLP
560 Mission Street
San Francisco , CA 94105
Phone: (415) 397-2823
Email: lmaechtlen@seyfarth.com
The simplicity and flexibility of the billable hour have made it the standard for creating and measuring output in the practice of law in all types of matters. Track your time, bill the time worked and clients pay upon receipt.
Although it often works as a "go to" method for pricing, the billable hour model presents significant problems in measuring true client-defined value. Indeed, the billable hour has become a signa...
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