Here is an interesting short article by a partner at a very well known firm calling for the elimination of the billable hour. He suggests lawyers should bill by negotiating a fixed fee with the client for the particular job with some leeway to renegotiate after an agreed period of time if the job turns out to be more complex or will take more time than originally agreed. The article is available here. Make sure you check out the comments below the article most of which are very critical.
UPDATE: Here is a link to a comment on the article published in The National Law Journal .com.
Posted originally by Legal Ethics Forum.
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