The billable hour is bad for your law business. It’s also bad for your career, it’s bad for your clients, and, yes, it’s bad for your soul.
The billable hour is the basic economic unit of most corporate law firms
From the traditional law firm perspective, billable hours are what they sell. Sure firms advertise the skill and pedigrees of their lawyers, the depth and breadth of their practice areas, their geographic reach, their success stories, and their best clients. (And, of course, every law firm is responsive, cost-effective, and client-centered.) [click to continue…]
theContractsGuy is a new blog and I’m still finding my voice. So far I’ve pretty much kept to the topic of contracts and the process of contracting. But those who follow my Twitter feed, Facebook page, and LinkedIn updates know that I’m also interested in other areas of business law, legal services technology, the changes the legal profession is undergoing, and law firm business models. (I’m also interested in Latin, but I don’t tweet about that very often.)
I’ve often been tempted to cover those topics here, but, other than this brief description of an area in the nether regions of the blog where I’ve posted links to interesting discussions about law firm business models, I’ve resisted the urge. That might change, but not today. [click to continue…]
There’s such a good discussion bouncing around a few law blogs that I couldn’t resist a quick post on a non-contracts topic. Toby Brown, one of the “geeks” at 3 Geeks and a Law Blog, and Ron Friedmann, the writer of the Strategic Legal Technology blog, started the discussion Tuesday with this post, which appears on both blogs. Mary Abraham chimed in with this post at the Above and Beyond KM blog, and Stephen B. Levy contributed to the discussion with this post at the Lexician blog. More good discussion is sure to come.