Kommt das Ende der billable hour bald?
am 20.05.2008 von Jurabilis
Charging by the houror in six-minute blockswas originally meant to improve transparency. The problem, says Hugh Totten, a member with Valorem (latin for value), a new Chicago-based law firm that offers clients contingency fees (payable only if the result is favourable) and fixed fees, is that the billable hour creates an incentive for endless litigation and for a complete lack of efficiency.
This critical refrain isnt new. In a 2002 report, the American Bar Associations commission on billable hours blamed hourly quotas for driving young lawyers from the profession (an estimated 45 per cent of lawyers quit law by their third year), and for leaving little time for pro bono work. The commission identified several alternatives. While many private law firms provide options to favoured clients, most lawyers still work on the clock (91 per cent of …
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Jurabilis / Dear Mr. Schaeffer: This is a question about billable hours. Recently, I switched law firms. At the old firm, we billed in 6-minute increments, meaning that if I worked for 8 minutes on a case, I was supposed to round up to 12 minutes. Since each…
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Jurabilis / Das WSJ Law Blog berichtete, dass ...[...] Eliot Spitzers wife, an Skadden Arps associate in the 1980s, routinely billed about 3,200 hours a year.Nun fragt man die Leser, ob ein solcher Wert realistisch erreichbar sei (das sind 8,7h/Kalendertag).…
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