3 ms·
I assume the fourth point is for billing clients for a high fee while paying a quarter to the associates. But some law firms will use the more efficient tools t
by ww520 2y ago
I assume the fourth point is for billing clients for a high fee while paying a quarter to the associates. But some law firms will use the more efficient tools to take on more cases for the partners to bill on their higher rates. Competition will force the firms to use more efficient tools.
- kevin-oconnell 2y agoOne hundred percent! And you can already see this playing out. More and more large law firms are spinning up technology and innovation teams. This is a huge investment on their part, indicating they're incentivized. Also, the billable hour is somewhat misunderstood. It is more of a process tool than a hard reality. Repeat clients expect the bill to end up within a certain range. And law firms expect their people to work a certain number of hours.