A new fee structure for legal work is long overdue.

For decades, the billable hour has been the default currency of the service world: I spent X hours, therefore you owe me Y ...

A new approach to how law firm partners evaluate associate performances may change the way attorneys pile up billable hours. On Nov. 18, the national firm Jackson Lewis – which has 33 attorneys in its ...

With the opening of her law practice in Towson, Nicole Whitaker said she aims to take the mystery out of her clients’ legal expenses by using flat fees rather than the legal standby, the billable hour ...

PITTSBURGH | While talk of the death of the billable hour at law firms may be premature, it's losing its luster as a mainstay of law firms' pay structure. Reflecting the change, New York-based Jackson ...

Generative AI is transforming the legal industry, but attorneys say the billable hour is here to stay. Instead, they said the value of a lawyer's hour is likely to increase as AI tools help automate ...

Let's face it, the billable hour is archaic. It creates the wrong incentives, drives inefficiencies and no one likes it, no one. The lawyers who keep track of their time, often to the minute, and the ...

A growing number of industry pricing experts are urging CPA firms to jettison the venerable billable hour and replace it with a fixed-pricing model, or even the more optimal model of “value pricing.” ...

As expected, several large law firms have fallen in line with the associate bonus scale set by Cravath, Swaine & Moore this week. But some associates need to work harder to earn their reward than ...

Private law firms charge their clients a fortune in billable hours. Now, some firms are doing away with this form of billing because clients just can't afford it. With the economy failing, some ...

There was a time when entrepreneurs and founders wore the amount of their legal bills as a badge of honor in order to impress their cohorts and add clout to their company. Thankfully, times have ...