Fearless lawyer Mike Ayotte who is never afraid to express his opinions as The Last Honest Lawyer, recently wrote a post titled “The Billable Hour is Dead” and likened lawyers use of the billable hour to the demise of dinosaurs, whilst conceding that even after dinosaurs met their fate …
Disruption is real, and it’s a contributing factor to change and upheaval in the legal market; but not every change or upheaval is an example of “disruption.” – Jordan Furlong Lawyerist blog founder and industry commentator, Sam Glover, writes against rumours the legal industry is on …
The Last Honest Lawyer article (extract below), 2 April 2013, sets forth a “Brutal Truth of BigLaw billing abuse: If your lawyer or firm has a minimum billable hour quota of over 1,800 hours per year, you, the paying client, are being robbed blind. That’s not a maybe. You. Are. B …
A selection of key quotes from Dave Kerpen’s latest book Likeable Business. Click here to view his original LinkedIn today post. 25 Quotes to Inspire You to Become a Better Leader Listening 1) “When people talk, listen completely. Most people never listen.” - Ernest Hemingway 2 …
This article was originally published by ACLA in March 2013. Click here to view the original article. Why you had better be nice to in-house counsels A power shift means law firms have to rethink their interaction with general counsels of major companies and governments, writes Trish Hyde. You wo …
Dr. George Beaton’s article on the impact of lower demand for legal services and what firms can do. Click here to view the original article. For most law firms the pyramid has to change Earlier this week I came across this powerful piece announcing (yet another) conference on the secular ch …
Ron Baker, founder of think tank Verasage, posts on replacing performance appraisals. Great advice for professional firms and HR teams. Click here to view the original LinkedIn Today post. Appraising the Performance of Performance Appraisals Appraisal is not the system that drives pay, careers, a …
The widespread dislike of billable hours has come to light in a benchmarking study of in-house legal departments conducted by the Australian Corporate Lawyers Association and the Corporate Lawyers Association of New Zealand.
Verasage Senior Fellow, Michelle Golden, nicely wraps up solutions to the discounting cycle many firms have experienced in recent times. The following blog post appears on her blog at goldenpracticesinc.com Selling Profitable Work When the Fee-Squeeze is On The chatter everywhere in the accounting …
Article by Michael Bradley, Managing Partner of Marque Lawyers, featured in the Australian Financial Review (28th September, 2012 - click here for PDF).
As debate continues to rage about whether time-based billing has had its day, legal consultant John Chisholm argues that firms that continue to use timesheets will be left behind as lawyers, and clients, seek new ways to measure the value of their work.
In an anonymous letter obtained by The New Lawyer, a law firm senior partner explains the firm's costs and procedures to a client. An interesting take on what lawyers usually send out to clients
The failure to groom successors in a law firm is a recipe for disaster for both the firm and the founding partner who one day hopes to successfully exit the business, writes John Chisholm.
David Vilensky, Managing Director of Bowen Buchbinder Viklensky, writes about his firms transition to a fixed fee pricing business model. “For most of my professional life I have billed my clients in six-minute units. From the time I started out as a solicitor in the early 1980s, time billing was …
