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 ...

A new fee structure for legal work is long overdue.

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 ...

“I could have sworn I had them on my desk in front of me two minutes ago, but I just can’t seem to find them…” No, I’m not talking about your keys, business cards or antacids; I’m talking about your ...

Today, at many smaller firms, client service partners generate, on average, about 1,500 to 1,600 billable hours per annum. At most of the Top 100 CPA firms, client service partners generate about ...

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 ...

Early in my career, I was doing well at a midsized accounting firm. But one thing struck me as absurd. There was constant pressure on my team and me to hit a certain number of billable hours — a lot ...

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 ...

Comprehensive Web app Harvest lets teams track billable hours and produce estimates and invoices. When you’re billing clients by time, accurate tracking is a must. Harvest is a Web app that aims to ...

It seems a well-accepted fact that police traffic ticket quotas lead to more unjustified tickets. Many states recognize that unwarranted tickets are written even when unofficial quotas are used. That ...

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.” ...

It has been criticized as inefficient, needlessly punitive, and susceptible to abuse. Law students are warned about it. Attorneys have called for its death and likened living under its regime to a ...